Business
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Guard changes at Czech National Bank with new governor
The changing of the guard has taken place at the Czech National Bank with a new incoming governor replacing the outgoing Miroslav Singer. And the new incumbent, Jiří…
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New hires flex bargaining muscles to force up wages
The scramble for workers is forcing many Czech companies to hike up the wages and starting packages for new arrivals. But loyal workers might feel they are losing out.
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Business News
In Business News this week: Finance ministry cuts funds earmarked for servicing national debt; Czech Statistical Office improves figures on Czech economy growth; Czech…
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Centre developing driverless car technology to open in Prague
The French company Valeo is planning to open a new centre aimed at developing driverless car technology in Prague this coming December. The move will make the Czech…
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Major transport projects set for green light as EC agrees exemptions
The Czech Republic has negotiated a deal in Brussels that spells a green light for a number of major transport projects, the country’s prime minister announced on…
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Business leaders protest over law forcing large stores to close on state holidays
Large retail outlets in the Czech Republic will be forced to close their doors on seven state holidays every year after the Chamber of Deputies approved a Senate bill to…
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Czech competitiveness under the spotlight
Competitiveness is one of those vogue terms that appears to be employing a lot of grey matter around the world. And the Czech Republic is no exception with the government…
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Bitter harvest for Czech fruit growers
This year’s fruit harvest is expected to see a year-on-year drop by 28 percent, due to the late frosts which hit the Czech Republic at the end of April. The country’s…
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Brexit likely to delay Czech adoption of European currency, says Industry and Trade Minister
Prior to the Czech Republic’s joining the European Union in 2004, the country committed to adopting the European currency. But since, the timeframe has since been pushed…
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Business News
Business round-up this Friday: Brexit will slow Czech economy says analysts; government commits to teacher pay rise; Country plans for more agricultural attachés; Fruit…
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Britain is fourth most important destination for Czech exporters
Britain’s decision to leave the EU has raised concerns among Czech companies with business interests in the country. Britain is the fourth most important destination for…
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Czech arms producer Zbrojovka posts record sales for 2015
Czech arms and military equipment producer Česká Zbrojovka increased its sales by one percent last year to a record 3.41 billion crowns. The traditional arms manufacturer…
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