Business
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Minister says ruling on late train delivery could lead to ticket price hike
If an appeal against an arbitration ruling under which Czech Railways must pay CZK 1.2 billion to Škoda Transportation proves unsuccessful the price of train tickets in…
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New stretch of Prague metro’s A line to get mobile phone signal
People travelling along the new stretch of Prague metro’s A line will no longer have to restrict their phone conversations to individual stations. Three mobile phone…
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National bank governor says earliest date for adoption of European currency is 2020
For the first time ever, the value of Czech crowns in circulation has exceeded 500 billion crowns. The figure was reached on Friday, the Czech National Bank revealed. The…
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Business News
Business round-up this week: Government agrees on early retirement package for miners; Health minister declares new victory in Diag Human arbitration battle; Finance…
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Lower house passes bill raising taxes on gambling
The lower house of Parliament has agreed to raise taxes on gambling from the current 20 percent to 28 percent. According to news website iDnes, among the most affected…
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Babiš making huge investments in Polish food sector
The Czech magnate and finance minister Andrej Babiš is set to invest around CZK 1 billion in food companies in Poland, despite the fact that he has had bad experiences…
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Czechs make progress in curtailing shadow economy
At one time it’s estimated that post Velvet Revolution Czechs had at least two jobs and probably declared only a small fraction of their earnings to the tax man. Times…
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Czech energy regulator reportedly at risk in spat over renewables support
Relations at the top of the Czech administration dealing with energy policy appear to have gone into meltdown. The situation is so bad that the Minister of Industry and…
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Construction companies face exemplary fines for long running cartel
The Czech competition watchdog, the Office for Protection of Competition (ÚOHS), in a three line statement on November 6 announced that it had taken initial steps to…
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Foreign visitors flock to Czech Republic
The Czech Republic saw a record number of foreign visitors this year. According to the data released by the state-run tourist authority, CzechTourism, a record 21.1…
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ČEZ maintains 2015 profit target in spite of reverses
A continued squeeze on electricity prices and problems with its Dukovany and Temelín nuclear power plants have hit the Czech Republic’s biggest electricity company.
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Italian Ambassador Aldo Amati: I am bewitched by Prague
The Italian ambassador to the Czech Republic, Mr. Aldo Amati, took office in October of last year, having previously served in diplomatic posts in Moscow, London…
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