Business
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Czech Airlines announces massive layoffs
The Czech Republic’s national carrier Czech Airlines has announced layoffs in an effort to keep the troubled company afloat. The airline will let go around one third of…
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Draft budget for 2015 criticized as unambitious
The draft budget for next year, approved this week by the Czech government, projects a deficit of some 2.3 percent of the country’s GDP. Government officials say the…
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Finance Ministry aims to curb widespread gambling
The Czech Republic has been long regarded as Europe’s gambling heaven, but that may soon change. While Czech municipalities were recently given greater powers in…
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Czech government approves 2015 budget draft
Prime Minister Bohuslav Sobotka’s centre-left cabinet on Monday unanimously approved the draft of the 2015 state budget. The proposal envisages a deficit of 100 billion…
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New legislation to define Czech food products
The Czech Agriculture Ministry has announced plans to introduce new legislation which should determine what food products can be labelled as Czech. The ministry believes…
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How the Velvet Revolution overturned the literary landscape
Writers were at the forefront of the Velvet Revolution. But when the dust settled on the political changes they found a fast changing publishing revolution underway that…
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Business News
In Business News this week: Czech central bank predicts labour market improvement; Czech Republic increasingly attractive for international manufacturers; car production…
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Rohlík.cz aiming to make ground on Tesco on Czech online food market
The market in home deliveries of foodstuffs – at present dominated by UK retailer Tesco – looks set to hot up, with relative newcomer Rohlík.cz preparing to expand beyond…
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Czech companies upbeat about business prospects in Iran
A Czech business delegation has visited Iran on a fact-finding mission, the first of its kind in recent decades. Some 20 Czech firms, from machinery companies to…
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Czechs seek action over food waste
Every year, some 700 tonnes of food in the Czech Republic end up in waste bins, which means that every single Czech annually wastes around 70 kilograms of food. The Food…
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Scotland looks to lessons of short-lived Czech-Slovak monetary union
The short lived Czech and Slovak monetary union has been in the spotlight again as the referendum vote on Scottish independence looms on Thursday. A similar currency union…
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Czech Energy Regulatory Office seeks to toughen gas reserve demands in case of crisis
In the wake of reduced deliveries of Russian gas to Poland, Slovakia and Austria in recent weeks - the EU’s dependence on Russian gas and finding alternative supplies to…
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