Business
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PPF reportedly planning to split 02 into two companies
With 02’s revenues falling, its owner PPF is planning a surprise move – splitting the Czech Republic’s largest telecommunications company into two parts, Hospodářské…
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ČEZ’s income down by 40 percent in half year report
Czech energy giant ČEZ announced its operating revenues in the first half of 2014 year-on-year in an online press release earlier today. According to ČEZ, the group’s net…
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Finance Minister begins negotiations with fellow cabinet members on 2015 state budget
Officially, members of the cabinet began a two week summer vacation but behind the scenes no one is kicking back yet. On Monday, Finance Minister Andrej Babiš launched…
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Auditors question Agriculture Ministry’s 1.5 billion support for Czech food products
The Czech Ministry of Agriculture may have squandered up to 1.5 billion crowns on ambiguous promotion of Czech food and wine products over the past six years, according to…
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Russian food import ban worries Czech producers and farmers
Many Czech food producers have invested into the Russian market in past years, and their strategy seemed to be working. But the arrival of reciprocal sanctions between the…
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Business News
In Business News this week: Agriculture Ministry to help producers affected by Russian sanctions; Czech unemployment remains unchanged despite 11,000 new jobs; Czech crown…
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Failure to complete Main Train Station by 2016 could mean arrivederci for Italian developer
Much of Prague’s Main Train Station has been transformed in recent years, with the introduction of brightly-lit retail outlets turning parts of the interior into a modern…
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Czech Industry grew at a strong pace in June
Czech industrial production in June rose by 8.1 percent compared to the same period last year, particularly thanks to the continuing high output of the automobile industry…
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Czech-built brewery serves tourists in North Korea
Czechs boast a long and rich brewing tradition which they have often shared with the rest of the world. Czech-built breweries now exist in countries such as Georgia…
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Government prepares legislation to assist excluded social groups
The Czech government has formally begun preparing new legislation, which will assist socially disadvantaged groups in finding employment in Czech businesses and public…
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Czech Railways to buy new trains for 2.6 billion crowns
The state-owned Czech Railways has bought 14 new trains to run on longer domestic routes, the company announced on Tuesday in a press release. The contract for the new…
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Chinese and Koreans make up for declining numbers of Russian tourists
While in past years the surge of Russian tourists visiting the Czech Republic seemed to outpace all competition, this year has seen a 40% downfall in their numbers…
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