Business

Illustrative photo: Barbora Němcová, Radio Prague International

Czechs took out record number of loans in 2016

Czechs markedly ran up new debts last year, the daily Hospodářské noviny reported on Tuesday. The overall debt burden in 2016 amounted to nearly two trillion crowns…

02:39

Business

Czech TV: Up to 80 percent of average net income goes to paying rent

Monthly rent costs Czechs as much as 80 percent of their monthly net salary, according to Czech TV; the public broadcaster cited numbers from Numbeo.com. In neighbouring…

13:45

Society

CEO and co-founder of Heaven Labs on how MANA nutritional product went from hobby to successful…

Jakub Krejčík is the head and co-founder of Heaven Labs, the producer of the MANA nutritional product, which went from being a hobby to a major business. MANA is specially…

Business

Two private bidders for OKD as it faces massive liquidation bills

And then there were two. That at least appears to be the final outcome of canvassing for a strategic investor to take over the Czech Republic’s last hard coal mining…

Office for the Protection of Competition, photo: Tomáš Adamec

Business

When Czech competition came up short

Czech regulators do not have the greatest of reputations. Some are lacking altogether, such as the one for the water industry and associated charges; others have taken a…

Business

Tescoma co-founder receives Czech Entrepreneur of the Year Award

The Czech Entrepreneur of the Year Award, organised by the accounting & consultancy agency firm Ernst & Young, has gone to Tescoma co-founder and co-owner Petr Chmela. The…

14:13

Science and technology

Most powerful laser in Prague to spark industrial and scientific advances

The most powerful laser in the world is now up and running on the outskirts of Prague. The HiLASE laser centre is the result of Czech-British cooperation helped with…

Society

Members-only beer clubs spring up with aim of keeping pubs open, avoiding electronic cash register…

No bill but regular membership fees, good beer and privacy: those are aims of more and more Czechs either founding or joining new so-called beer clubs, meant to replace…

Business

Biggest test for electronic cash registers roll-out from March 1

The biggest test of the roll-out of the Ministry of Finance’s flagship measure, electronic cash registers or EET as it is known under its Czech acronym, comes on Wednesday.

Business

Fortuna bets on expansion in Croatia, Romania, Spain

Czech-based betting company Fortuna has taken a big step towards realizing its target of becoming the biggest sports betting and gaming operator in Central and South…