Business
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Czech furniture makers sitting comfortably after strong growth in revenues last year
Furniture makers in the Czech Republic have reasons to be cheerful. According to figures just released by the Czech Statistics Office and quoted by the business daily E15…
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Competition office offered boosted powers to tackle retailers
The Czech Cabinet has moved to clamp down on retailers’ abuse of their power against suppliers with the competition office being offered a more meaningful and workable set…
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Business News
In Business News this week: the current account of Czech Republic’s balance of payments shows the first surplus ever recorded; Czech household debt reached 1.7 billion…
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Vítkovice Steel future threatened says government representative
The government’s special representative for Moravia-Silesia says there is a real threat that steelmaker Vítkovice Steel could close and operations could shift to Russia…
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Kellner’s Home Credit records losses as Russian economy tanks
Home Credit BV, a consumer-loan and banking unit of Czech billionaire Petr Kellner’s PPF Group, last year saw a marked decline in its fortunes stemming from an economic…
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Czech crown weakens to near 11 year low against US dollar
The Czech crown has slumped to more than 10 year lows against the US dollar and the impact could go a lot wider than just two way trade with the world’s biggest economy…
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Czech arms industry fired up on growing export sales
Czech arms companies have been in the news a lot recently with accusations that some have been exporting equipment to war torn Ukraine. That is a claim that is largely…
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Blanka Tunnel could have already “saved” billions had it opened on time, writes financial news…
The opening of Prague’s controversial Blanka Tunnel complex was recently postponed indefinitely by Prague City Hall after it emerged that hundreds of kilometres of…
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Czech unemployment figures fall in February
The Czech unemployment rate fell in February from 7.7 percent a month earlier to 7.5, with those out of work numbering a little under 550,000, roughly 8,000 fewer than in…
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Czech Republic makes modest progress towards digital future
The Czech Republic has been given a modest rating for its progress paving the way and putting the country on the digital superhighway. Countries, like Singapore and Hong…
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Czech construction sector sees solid growth in 2015
The Czech construction sector, one of the biggest victims of the economic downturn, is now showing solid prospects of growth for this year with the across the board…
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Business News
In this week’s Business News: Tesco rings up Czech losses; massive nuclear contract for Czech engineering firm; national bank governor says no bonus from euro entry; PPP…
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