Business
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Agriculture Ministry: Czech exporters may lose hundreds of millions of crowns due to Russian food…
Czech food exporters are bracing for the impact of Russia’s sweeping ban on food imports introduced in response to EU sanctions over Ukraine. In terms of agricultural…
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President Zeman says weak crown could be national bank move to delay the euro
President Miloš Zeman suggested during a press conference following a meeting with representatives of Czech and Moravian Trade Unions Confederation (ČMKOS) on Thursday…
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Business News
In Business News this week: Mining group NWR comes up with better than expected results but crunch meeting over restructuring still looms; tax offices are getting tough…
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Export insurer EGAP says willing to raise cover to cushion blow of trade sanctions
State export insurer EGAP has been given a main role in helping diversify Czech exports. That task has just got a lot more challenging with trade sanctions between the EU…
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TATRA TRUCKS exceeds 2014 sales target thanks to new strategy
TATRA TRUCKS rise from the ashes following its predecessor’s bankruptcy seems to be continuing at a steady pace. The company already announced at the beginning of August…
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Car-hail service Uber fears no backlash from Prague launch
Prague has recently become the latest city where the smart-phone based car-hailing service Uber has become available. Since its launch in San Francisco in 2009, the app…
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Further round of Russian sanctions could hit Czech car producers
Speculation has been raised in the Russian media that Moscow’s next retaliatory sanctions against the European Union and West could cover car imports. If that were the…
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Government group calls for jobs saving framework for crisis hit companies
The government working group tasked with cushioning the impact of the Ukraine crisis and escalating sanctions on Czech companies has proposed state help for firms putting…
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Marked rise in spending on public construction contracts in first half of year
Construction firms won almost 40 percent more in public contracts in the first half of 2014 compared to the same period last year, according to a study quoted by the Czech…
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Largest Czech bank goes against trend to raise service fees
Česká spořitelna, the largest and oldest savings bank in the Czech Republic, has begun raising fees for many of its services including postage, text messages and cash…
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Zeman comes out against sanctions on Russia
The West’s tough sanctions on Russia have come in for criticism from the Czech president, Miloš Zeman, who argues that such measures do more harm than good. Mr. Zeman also…
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Will Uber’s arrival shake up Prague’s taxi market?
Prague has become the first city in central and eastern Europe where the Uber car hire service is available. With only a few drivers recruited so far, the mobile-app based…
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