Business
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Prague based ČKD group hits problems over key contracts
One of the Czech Republic’s engineering icons, the Prague-based ČKD group is, according to many media reports, facing serious problems.
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Minister: Pay rise for teachers a “priority”
Teachers have for years been the lowest paid professional people in the Czech Republic. Hoping to rectify that situation at least somewhat, they are now demanding a salary…
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Crowdfunding more and more popular in Czech Republic, Czech Radio reports
The use of crowdfunding to get various projects off the ground has grown increasingly popular in Czech Republic, according to Czech Radio. Last year alone, Czechs pledged…
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Smart City projects win bank backing, see cautious roll out in Czech Republic
Prague last week hosted an international symposium about Smart Cities. The concept is a fairly simple one: to marry the latest information and communication technologies…
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City councillors signal end of the line for Segways in Prague city centre
Councillors at Prague City Hall unanimously agreed to ban the use of Segway vehicles in the city’s historic centre. The move comes after dozens of complaints and accidents…
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Czech exports to US see rapid growth
Czech exports to the United States have grown rapidly in the past three years, approaching the 100 billion crown mark for the first time ever, according to the Czech…
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Rusnok says his CNB likely to signal end of currency interventions
Former PM Jiří Rusnok has been setting out his vision for the role of governor of the Czech National Bank, which he will fill from the start of July. In an extensive…
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Czech furniture sellers run off their legs
Czech consumers are spending record sums on furniture, the daily Hospodářské noviny reported on Friday. According to the Association of Czech Furniture Makers, Czechs…
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Business News
Business round-up: Finance Ministry envisages budget deficit of 48.5 billion crowns; PM outlines plan for rise in minimum wage; bus drivers threaten action over low wages…
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Plzeňský Prazdroj up for sale as price of InBev deal
Czech brewing jewel Plzeňský Prazdroj is going up for sale. That’s the result of the go ahead from the European Commission to the massive worldwide beer deal under which…
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Rusnok named new governor of Czech National Bank
Former interim prime minister Jiří Rusnok was named as new governor of the Czech National Bank on Wednesday at Prague Castle. Rusnok, an economist who also served as…
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Homeport to compete in Prague bike share tender
Czech company Homeport, which operates a bike sharing scheme in 18 countries in the world, is planning to launch its services in Prague, the daily Hospodářské noviny…
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