Business
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ČEZ suffers in 2016 from continued weak power prices
The Czech Republic’s biggest electricity producer, almost 70 percent state owned ČEZ, delivered its 2016 results on March 21 with the outcome largely disappointing…
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Police kept order as fast food revolution began in Prague 25 years ago
A taste of the West was the slogan used by another very different company, though in this case it was perhaps more appropriate. And the interest was huge when the first…
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“Plane of the future” will be one of the main draws in Czech pavilion at Expo 2017
An electric-powered plane of the future will be one of the highlights at the Czech pavilion at Expo 2017, which opens later this year in Astana, Kazakhstan. The news was…
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Prague-based company seeks worldwide markets with 3D laser technology for road repairs
A Czech company is using 3D laser technology to offer more accurate road repairs and resurfacing and is targeting a worldwide market that could result from the know-how.
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Prague city council looks at construction of social housing
Prague City Hall is planning to build hundreds of council houses within the next few years, the daily Hospodářské noviny wrote on Thursday. The first apartments are set to…
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Airport shareholder tussle cast shadow over proposed Pardubice Ryanair link
Low cost airline Ryanair has a basic but successful business model: it cuts costs to the bone and often operates out of out of centre airports which, to put it bluntly…
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Czech jobless total seen shrinking to record low
The Czech Republic is basking in the fact that it has the lowest unemployment rate in the European Union, 3.4 percent according to the Eurostat January figure. The Czech…
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Raid on online grocer highlights bigger foreign labour problem
A police raid on the country’s second biggest online grocer, which resulted in the detention of 85 foreign nationals on suspicion of working illegally in the country, has…
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Mladá fronta Dnes launches Fix Pothole campaign
With the arrival of spring road maintenance crews are assessing the damage to roads caused by the harsh winter and the news is not good. According to preliminary estimates…
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Foreign police raid on warehouse of second biggest online grocer
The second largest online grocer on the Czech market – Rohlik.cz had to suspend operation on Thursday following a raid by the foreign police on the company’s Prague…
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Faster inflation likely to speed up end of forex interventions
Czech inflation accelerated in February to 2.5 percent year-on-year from January’s 2.2 percent, the Czech Statistics Office announced on Thursday. Compared to the previous…
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Government likely to support EC’s Anti Tax Avoidance Package
The Czech Republic appears it will support new European Commission rules on the taxation of large multinational corporations (under the EC’s Anti Tax Avoidance Package…
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