Business
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Winemaker: Up to 30 percent of Czech wine market illegal
Between 20 and 30 percent of wine consumed in the Czech Republic comes from the black market, according to the leading winemaker Bohemia Sekt. The company says that in…
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Economic forecast for 2015: a year of fiscal and monetary expansion
Economists are forecasting a good year for the Czech economy in 2015 with a predicted growth of 2.5 percent as the economic recovery gains momentum. Supportive financial…
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Czech Christmas decorations face stiff competition from Chinese replicas
Supermarket chains selling cheap imported Christmas decorations are causing tough times for local producers. Traditional Czech hand-made decorations, such as ornamental…
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Christmas shopping frenzy on last weekend of Advent
Traditionally Czechs take the shops by storm on the last weekend of Advent and this year was no exception. Salespeople are reporting record sales particularly in the food…
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Brno issues blanket ban on gambling machines
The Brno city council has issued a blanket ban on gaming machines as of next year. Councillors on Friday approved a new regulation banning gambling outlets in all 29…
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Business News
In Business News this week: Czech agriculture shows record profit in 2014; state debt set to drop by 20 billion crowns; company owned by Finance Minister Babiš wins huge…
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McDonalds fast food chain making big changes to boost sales
When the McDonald fast food chain arrived in the Czech Republic twenty-two years ago it was a huge hit. In the years that followed the company posted sales figures of two…
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Ozdoba CZ – traditional Czech producer of Christmas baubles
With Christmas just around the corner, a search is underway in many households’ attics or basements for ornaments that will – in due time – decorate the Christmas tree. In…
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Report: Carmaker TPCA to let go some 500 employees
The Kolín-based automobile manufacturer TPCA (a joint-venture of Toyota, Peugeot, and Citroen) will lay-off some 500 agency-hired staff. The news was confirmed on…
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How could rouble’s troubles impact Czech economy?
With low oil prices and EU sanctions hitting the Russian economy hard, the country’s currency the rouble tumbled to a record low against the U.S. dollar on Tuesday…
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Economic growth spurs wage hikes
Nearly 50 percent of Czech companies are planning to raise their employees’ wages next year, according to a survey conducted by the Czech Chamber of Commerce in around 500…
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Czech government reaffirms support for EU sanctions
The Czech cabinet on Monday reaffirmed its full support for EU sanctions against Russia. A Foreign Ministry report concluded that the sanctions were having a tangible…
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