Business
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ČEZ tries to see bright side as profits tumble for fifth year in row
ČEZ’s annual profits continued their recent slide for 2014 with a further drop expected for this year as well. The upturn is hard to see amid continued weak power prices.
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Minister to cut VAT rate in bid to mollify restaurateurs over electronic cash registers
The minister of finance, Andrej Babiš, plans to reduce the value added tax charged in Czech restaurants to 15 percent as part of an amendment introducing the compulsory…
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Business to business loans matchmaker makes Czech debut
A new concept in the banking and loans market is starting to make an impact in the Czech Republic – business to business loans which largely sideline the traditional banks…
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Škoda Transportation wins billion crown tender to modernize carriages for Czech Railways
The company Škoda Transportation has won a billion crown tender to modernize 93 rail carriages for the state-owned Czech Railways. The upgraded trains are to be used on…
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Restaurants with outdoor seating face tough new regulations
With the first warm weather restaurants, pubs and coffee houses in Prague immediately set up outdoor eating spaces – from their own walled-in gardens that offer privacy to…
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Business News
In this week's Business News: Fewer companies announce mass layoffs in January than the previous year; in a working paper, the EC says the state of public finances has…
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New small power plant up & running on Labe River
A new small automated hydroelectric facility starts up on the Labe River.
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Czech Republic and South Korea sign strategic partnership agreement
The Czech Republic and South Korea on Thursday upgraded their business ties, signing a strategic partnership agreement. In the course of his working visit to the country…
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Czech firm aims to go global with water saving device
A Brno-based firm believes that a simple device they have designed could conserve major amounts of drinking water. The company, aptly named Watersavers, produces a faucet…
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Inspectors to carry out checks on thousands of Czech eateries this year
Inspectors are planning to carry out checks on up to 13,000 restaurants in the Czech Republic this year. Hundreds of controls have already been conducted since the start…
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Czechs spend an hour of their work day on social networks
Although work ethics in the Czech Republic has improved in recent years, a survey just out indicates that employees spend an hour a day –on average – on social networks…
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Government approves debt brake
The Czech government has approved a constitutional amendment to prevent it and future cabinets from borrowing and spending beyond their means, setting a limit on state…
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