Business
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Czech Republic looking to boost trade ties with Iran
The Czech government is sending a business delegation to Iran, the first such visit ever to take place. The trip should pave the way for boosting trade and facilitate…
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Czech Railways will have to adapt as property sales wind down
Czech Railways has two years, writes daily Mladá fronta Dnes, to adapt long-term strategies to ensure continued profits and growth. Until now, the state-owned firm relied…
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Chinese and Korean firms eying future Temelín nuclear deal
Plans to expand the Czech nuclear power plant in Temelín have been put on hold, with a previous tender cancelled over the project’s dubious viability. A Russian-led bid…
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Gas connection to Ukraine could benefit Czech companies, relieve tensions
Commercial reverse flows of natural gas from Slovakia to Ukraine were officially launched on September 2 with Slovak prime minister Robert Fico and his Kiev counterpart…
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Czech Post seeks 1.7 billion in compensation for loss-making services
The state-owned postal firm Czech Post is seeking 1.7 billion crowns in state compensation for losses incurred through unprofitable services it is required to provide by…
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Business News
Business News: the Czech government debates measures to cushion the impact of the EU-Russian sanctions, Prague hosts a two-day Chinese Investment Forum, Škoda Auto aims to…
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Spirits producers slowly recovering from 2012 methanol scandal
Friday saw major producers of spirits in the Czech Republic announce their half year results. While for many sales and profits have gone up, the general echo of the…
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Vice-president of the Confederation of Industry: Russia will always be an important third market…
Intensive negotiations are underway to try to cushion the impact of the Ukrainian crisis on Czech exporters. The Agriculture Ministry has estimated this year’s loses at…
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Attendance of top Chinese official at Prague forum reflects reset in relations
Over a thousand delegates from China, the Czech Republic and other European states gathered at Prague Castle on Thursday for the start of a China Investment Forum, the…
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Export-focused textiles industry benefits from weakened crown
Czech textiles firms have benefited significantly from the Czech National Bank’s intervention to weaken the country’s currency the crown last November. According to a…
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Czech Aeroholding will use incentives in bid to establish direct flight from Prague to Shanghai
Up to 38 million crowns in incentives will be used in order to promote a direct air connection between Prague and China, Tomáš Neřold, spokesman for the Ministry of…
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Fairtrade mark popularity rises at a rapid pace in the Czech Republic
It has been ten years since products bearing the Fairtrade Certificate started being sold on the Czech market. The anniversary comes side by side news that 2013 was the…
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