Business
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Aircraft factory to remain in Kunovice after talks with Russian owners
An aircraft factory in the Moravian town of Kunovice is to remain in the Czech Republic. There had been fears that it would be moved to Russia but after talks with its…
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Business News
Round-up of business news this week: The government approved the draft budget for 2017; Foreign debt rose to over 3.350 trillion crowns in second quarter; Škoda…
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More and more Czech firms selling wares through e-commerce giants
Czech companies are beginning to sell products through major internet retailers like Amazon or China’s Alibaba. According to Czech Radio, domestic companies selling…
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Czech companies increasingly relying on foreign workers
The Czech Republic’s economic boom has left many companies short-staffed and desperately seeking employees in order to be able to meet demand. Despite the fact that Czech…
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Minister proposes incentives to halt abandonment of small villages
The Czech minister of agriculture has presented a plan aimed at halting the abandonment of small villages. The scheme would offer incentives to both employers and…
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Government approves draft state budget for 2017
The Czech government on Wednesday approved its draft budget for 2017. The proposal envisages a deficit of 60 billion crowns and promises wage hikes for civil servants…
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Soft drinks producer Kofola reaches deal on Croatian mineral water
The popular Czech soft drinks producer Kofola ČeskoSlovensko confirmed this week its latest acquisition to its broadening portfolio, this time the Croatian brand-name…
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Coalition partners signal CZK 300 a month pension rise from January
It appears that old-age pensioners in the Czech Republic will be able to look forward to CZK 300 more a month starting from next year. The coalition parties have taken…
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Around 20 million a month swallowed by Blanka tunnel
The operation of the Blanka tunnel complex in Prague costs the city around 20 million crowns a month, deputy mayor of Prague Petr Dolínek told the Czech News Agency on…
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Business News
In Business News this week: Czech banks boost collective profits; apartment prices surge in second quarter; uncertainty over future of Aircraft Industries; ČEZ extends…
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Czech lottery firm Sazka marking 60 years of existence
The Czech Republic’s most powerful lottery and betting company Sazka is on Thursday marking 60 years of existence. Sazka, which operates the popular Sportka lottery, has…
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Czech exports to Russia continue to fall in 2016
Czech exports to Russia have continued to fall in 2016. According to figures released by the Czech Statistics Office on Tuesday, exports to Russia fell by 12 percent in…
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