Business
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Czech Republic seeking to attract more tourists from China
Chinese tourists are spending big money on their foreign travels and countries with tourist industries are vying to attract their attention. The Czech Republic, which…
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Rise in Asian visitors helps compensate for drop in Russian tourists
Around eight million foreign tourists came to the Czech Republic last year, 3.5 percent more than in 2013, according to freshly released figures from the Czech Statistics…
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Czech companies seek benefits of tax havens and foreign locations
Tax havens and tax avoidance are a big issue at European level with rarely a week going by without some scandal about a big business earner paying a pittance in taxes with…
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Cross border medical care beginning to thrive in border regions
People living in the Czech border regions have gradually got used to the concept of cross-border medical care within the EU. For many locals, clinics in neighbouring…
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Škoda Auto seals agreement for Czech expansion
The government has signed a three way agreement which paves the way for the biggest Czech car maker to expand its local production.
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Karel Komárek’s business empire loses some of its shine
The diversified business empire of Karel Komárek is having its fair share of problems from being frozen of the Russian oil business to failing to make the hoped for impact…
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Business News
In Business News this week: Czech National Bank announces prolonged forex intervention until second half of 2016; Czech firm Excalibur Army to provide tanks for Iraq…
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Ministry proposal looks like sure bet for gaming industry groans
A balancing act between social and revenue goals has been trod by the Ministry of Finance in putting together a proposal for how to tax the multifaceted gaming sector. Not…
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Buy to rent: an investment option with social downsides
Property as an investment not as a place to live: the phenomenon of buy to rent, and other variations along the same theme, has long been a facet of richer, more developed…
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“Unjustified” closing of large retailers on holidays could cost jobs, says Chamber boss
The Czech Chamber of Commerce has come out strongly against a plan to force large retailers to shut their doors on state holidays. The Senate proposal is aimed at…
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Škoda Transportation wins major foothold in German market with multi-billion crown rail order
Škoda Transportation has secured its second major contract in Germany, a deal providing 38 electric single-floor trains for Nuremberg. The deal is worth 10 billion crowns…
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Finance minister‘s business empire Agrofert flourishing
The Agrofert Group, a Czech food, agriculture, chemistry and media conglomerate, owned by Czech Finance Minister Andrej Babiš is flourishing. Its unconsolidated revenues…
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