Business
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Czech automobile industry rolls out one million cars in first nine months
A new record has been set in the Czech car industry: one million vehicles produced in the first nine months. It is the first time that the mark was surpassed in Q3, a rise…
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Central bank moves to tighten mortgage loans as real estate boom sends up housing prices
Record low interest rates have led to a mortgage boom in the Czech Republic that is driving up housing prices. According to the central bank housing prices in Prague and…
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Ex-CNB official warns of speculation when weak crown policy ends
For almost three years the country’s central bank has been intervening on the currency markets to keep the Czech crown weak. The Czech National Bank has signalled that it…
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Business News
Business round-up this week: Government approves CETA agreement between EU and Canada; Škoda records best ever monthly worldwide sales in September; Solana Neratovice tops…
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Minister proposes legislation to help the bankrupt get out of debt
The Czech minister of justice is putting forward a new amendment to the bankruptcy law aimed at helping people to climb out of debt and make a fresh start. The legislation…
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First train with Czech reserve fuel arrives from Bavaria
The head of the state body tasked with keeping emergency reserves, the Administration for State Reserves, confirmed on Thursday the first arrival of a shipment of Czech…
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Construction industry looking forward to 2017 after downturn this year
A fall in the number of public contracts is seen as the main reason for an 11 percent decline in revenues in the Czech construction industry in the first eight months of…
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Daily: Licence plate monopoly appears to be at an end
The days of one company producing licence plates for motorists in the Czech Republic are, in all likelihood, at and end, news site Lidovky.cz reported on Tuesday (the…
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Low unemployment making it “tremendously difficult” for Czech employers to find staff
Unemployment in the Czech Republic has been falling more or less steadily since January and reached a fresh low of 5.2 percent in September, according to freshly released…
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Business News
In Business News this week: Czech National Bank makes second highest monthly forex intervention in August; Two ČEZ managers accused of licensing fraud; Grandi Stazioni…
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Grandi Stazioni loses 30-year lease of Main Railway Station due to renovation delays
The Italian company Grandi Stazioni has lost its 30-year lease of the Main Railway Station in Prague, after failing to complete a renovation of the historical part of the…
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Czech pilots could be endangered species as they target jobs with foreign carriers
The Czech Republic is likely to face a shortage of pilots in the near future, the daily Hospodářské noviny warned on Thursday. Dozens of pilots have been switching to Arab…
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