Business
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Low unemployment rate boosting occupational labour mobility
Labour mobility has never been high in the Czech Republic, be it geographic or occupational. Most Czechs are unwilling to commute long distances or move house for a better…
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Market forces undermine Czech gas security goals
Security of supply of natural gas is one of the Czech Republic’s and EU’s main energy priorities. But a recent conference in Prague has shown up some worrying signals…
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Czech Airlines profit return seen in 2015
After seven years of posting losses, the Czech Republic’s national carrier Czech Airlines is likely to end in the black this year. The company is likely to post a profit…
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Czech meat industry denounces UN report on cancer risks
Czechs have a reputation as some of the biggest meat eaters in Europe but their carnivorous habits could be taking a hit after a United Nations agency suggested that…
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Second biggest Czech internet retailer to change hands in huge deal
The investment group Rockaway Capital has agreed to buy the second biggest internet retailer on the Czech market, Mall.cz, and the price comparison website, Heureka.cz…
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Business News
Business News this week: Record export growth expected in 2015; Czechs and Israelis well-situated to cooperate in technology and R&D suggest president and business…
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Potato producers will be eligible for subsidy if losses as result of long, hot summer exceed 30…
Summer may be long gone but it will be a while since this year’s – with a heatwave that lasted forever – is forgotten, not least by potato farmers. Taters wilted under the…
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New fixed system of grants for energy efficient homes to also boost solar
Between now and 2021 the state will make a total of CZK 27 billion available to Czechs wishing to make their homes more energy efficient. Presenting the New Green Savings…
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Czech Republic a step closer to seeing large stores close during major holidays
The Czech Republic is a step closer to seeing major stores close during a number of state holidays, among them Christmas Eve and Day, New Year’s and Easter. A Senate bill…
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Construction of new shopping and office complex in Prague 7 appears set to resume
Construction workers this week returned to a plot of land in Prague 7 where a new shopping mall and office complex could stand in as little as 18 months. The question is…
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Labour Ministry proposes measures to tackle long-term unemployment
Although the average unemployment rate in the Czech Republic has been on a steady decline, hitting six percent in September, there are still regions where finding work is…
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Czechs work half an hour to “buy Big Mac”
Swiss bank UBS Wealth Management has released the latest figures in its working-time based index revealing how long it takes Czechs, on average, enough to by a Big Mac…
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