Business
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Czech economy accelerates by 4.4 percent in second quarter
The Czech Republic has the fastest expanding economy in Europe, with a freshly issued first estimate putting year-on-year growth in the second quarter at 4.4 percent.
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Business News
In Business News This Week: Czech economy grew by 4.4 percent in the second quarter of 2015; number of payment cards issued in country reaches 11.135 million; grain…
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Luxury car maker drives hard bargain to head towards Slovakia
Slovakia appears to have won the beauty contest to be the site for a new factory for luxury car maker Jaguar Land Rover. Poland looks like it was in second place with the…
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Vítkovice engineering group lined up for major New Caledonia power plant contract
Czech engineering group Vítkovice has reportedly won a major order for building a new coal-fired power plant on the Pacific island of New Caledonia. The order could open…
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Finance minister flags up danger for 2016 budget deficit target
Finance minister Andrej Babiš is facing the begging bowl from government colleagues and other state authorities and has admitted for the first time that the agreed 70…
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New hybrid footwear gets toe-hold in market
Is it a sock or a shoe? The most accurate answer is probably a bit of both: new footwear called Skinners, developed by young law school graduate Petr Procházka. The design…
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Soft drink company Kofola opens first Prague restaurant
The soft drink company Kofola this week opened its first brand restaurant in the Czech capital, NaGrilu. As the name implies, the venues will offer dishes off the grill…
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Wage rises take central position on business, economic, and political stage
Wages are now a growing issue across the Czech Republic. The central bank sees wage rises as a tool in the next year or so which can push up inflation to desirable levels…
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Study: Two-thirds of Czechs take their work with them on vacation
Summer holidays when people were able to kick back without once thinking about work are increasingly becoming a thing of the past.
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Weak electricity prices continue to erode ČEZ profits
Half year profit at ČEZ lower as electricity prices continue to slide but forward sales see some firming. The Czech power company says it is looking intently at Vattenfall…
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Uranium Industry set to become major player in Mongolia
Czech company Uranium Industry is pushing to become a major player in uranium mining in Mongolia through its own research and mining projects and a pending US 200 million…
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Czech National Bank sees growth slowing but wages rising sharply
Moderate growth, falling unemployment, sharply rising wages in the private sector, and a recovery of inflation based largely on wage settlement are the picture for the…
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