Business
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PPF Group posts 10 billion crown profit despite Russia’s economic woes
The PPF Group owned by Czech billionaire Petr Kellner posted a profit of 10 billion crowns last year (the equivalent of around 372 million euros), financial daily…
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IMD Business School report confirms Czech competitiveness improving
An annual competitiveness report compiled by the IMD Business School in Lausanne, Switzerland, puts the Czech Republic 29th on a ladder of sixty-one countries. Its present…
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Czech European exports rise in spite of push to diversify markets
Minister of Industry and Trade Jan Mládek came into his current post just over 15 months ago with a mission to change the country’s trade and investment policy. He…
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Speculative interest in Czech crown growing
As the end of the Czech National Bank’s low crown policy draws nearer, the Czech currency is likely to be the target for considerable speculative interest with no common…
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Pneumatic Tube Transport makes comeback at Czech hospitals
Pneumatic Tube Transport or potrubní pošta as it is known in Czech is making a comeback at hospitals in Prague and also other parts of the Czech Republic. Facilities are…
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President calls meeting at Lány to spur discussion on euro adoption
This Sunday, President Milos Zeman has called a meeting at Lany Chateau with the country’s prime minister, finance minister and central bank governor to discuss plans for…
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Škoda Transportation sees sales, profit surge in 2014
The Plzeň-based transport group Škoda Transportation described 2013 as a transition year. The follow-up in 2014 turned out to be a record breaking one for production and…
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Business News
In Business News: Czech national bank puts pressure on domestic banks to curb long-term mortgages; steel industry rebounds; the cheque is not in the mail, at least…
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Jaguar Land Rover seen parking new manufacturing plant in Central Europe
Rumours are circulating that a major car manufacturer is eyeing up locations in Central Europe for a new plant. And top of the range producer Jaguar Land Rover, owned by…
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Seznam tops billion crown profit for first time in 2014
Czech search engine Seznam has shown in its 2014 results that it has fine-tuned the formula for extracting earnings from its core Internet activity and web servers. But…
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Czech economic policy mix gets IMF seal of approval
‘IMF approved’ is probably a badge that the Czech government ministers, finance ministry officials, and central bank policy setters could wear with pride after the latest…
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Farm ministers set store by EU measures against abusive retailers
The agriculture ministers of the Visegrad countries, along with Bulgaria, Romania and Slovenia, agreed on Tuesday on a joint statement in which they are calling on the…
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