Business
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Popular Prague department store bought by former banker
Real estate magnate and former banker Václav Skala has bought Kotva, an icon among Prague department stores which first opened some 36 years ago when then-Czechoslovakia…
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Alternative fuel cars gain in popularity among Czech motorists
More and more Czech motorists are turning to alternative fuel vehicles, from plug-in electric cars to hybrids to compressed natural gas. Over the last two years alone, an…
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Czech exports reach all-time high
Czech exports reached a record 3.9 trillion crowns in 2015, an increase of 7.2 percent year on year. Although exports to Russia dropped by over 30 percent higher exports…
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Flawed safety checks at Czech nuclear plants lasted for around a decade
For the last half year the Czech Republic’s dominant electricity company and nuclear power plant operator ČEZ has been plagued by flawed safety checks at both of its…
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Business News
Business round-up: Czech Republic reaches 21st spot on Economic Freedom Index; European Commission sees Czech growth at 2.3 percent; Municipal court rejects legal…
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Prague transit company looking for feedback on new EVO1
The Prague Public Transport Authority has begun ‘field testing’ a new tram, the low-floor EVO1. As of Monday this week, commuters on the No. 6 line were able to travel on…
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Czech steelmakers fear flood of Chinese imports
China’s relative economic downturn means that a lot of its low cost steel is being exported around the world with Europe one of the main target markets. And already…
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Retailers cash in on feel good factor and low fuel prices
Retail sales in the Czech Republic climbed by 5.9 percent in 2015 compared to the previous year, the Czech Statistical Office has announced. That was the strongest sales…
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Young workers a rarity on Czech labour market
The number of young working Czechs has been decreasing since the early 1990s. The employment rate of people between the ages of 15 to 24 in the Czech Republic is the…
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Czech euro enthusiasts fear delay will make adoption a lot more difficult
Czech Secretary of State for European Affairs Tomáš Prouza kicked off an all day conference last week about the benefits and risks of adopting the single currency euro. He…
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Tsunami of VAT proposals flood Czech political scene
For governments, Value Added Tax is usually one of the favourite instruments for relieving citizens of their earnings and emptying their pockets. It’s fairly easy to…
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Czech town bikes gear up after first wave of success
Officials in Brussels will soon be riding the streets of the European capital on Czech bikes. The Prague-based company Citybikes has recently won a tender to provide their…
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