Business
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EPH set to sign mega deal to acquire Slovakia’s biggest electricity company
The deal that would put Czech company Energetický a Průmyslový Holding (EPH) in the big league of Central European and even European power companies appears on the verge…
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e-commerce giant Amazon considering new returned goods hall
The American e-commerce giant Amazon is aiming to build a new hall in Prague’s Horní Počernice which could be staffed by up to 3,000 employees. Around 1,000 of those…
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Government rejects another bailout package for OKD mining company
The Czech government on Monday rejected another bailout package for the ailing mining company OKD. Following talks with trade unions, the cabinet has said it will focus on…
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State lacks clear framework for managing publicly owned companies
The state spending watchdog, the Supreme Audit Office, has issued a report putting the spotlight on ongoing failures how ministries manage the wide variety of companies…
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Business News
In Busines News this week: The lower house approves 2016 budget; Inflation falls to 0.1 percent in November; Industrial production speeds up in October; October trade…
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Czech food giant Hamé target of 4.7 billion crown Norwegian buyout
The Czech Republic’s biggest food company has just been eaten up by a Norwegian based rival. The deal still has to be approved by competition offices but this does not…
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Government to discuss future of closure-threatened Paskov mine
The Czech government is debating the future of the Paskov mine, one of the last deep coal mines in the country, after its owner OKD announced its possible closure at the…
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Toy sellers expect record holiday sales
Toy sellers expect pre-Christmas sales to hit record numbers this year, reports news website iDnes. The Association for Toy and Play sales suggests sales could be the…
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Projected Russian gas pipeline opens rifts in Central Europe
The fate of a projected new gas pipeline link last week sparked a rift between the Czech Republic on one side and Slovakia and a series of Prague’s Central European…
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Czech unemployment rate flattens out in November
The Czech headline unemployment rate in November remained at the level of 5.9 percent, according to the figures released by the country’s Labour Office on Tuesday…
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Opposition ready to do battle over 2016 draft budget
The draft bill on the 2016 state budget is due to go into its third and final reading in the lower house on Wednesday. While the government is confident it has the votes…
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Business News
In Business News: The average monthly salary jumps by almost 950 crowns; police investigate solar power corruption; Czech lawmakers will challenge VAT proposal; Czech…
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