Business
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Will “Made in Czechoslovakia” make a comeback?
Although the idea was rejected by new Slovák President Andrej Kiska on his visit to Prague in June, the export banks of both countries have not given up plans to revive…
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Business News
In Business News this Friday: Industry & Trade Minister warns up to 1,000 could be lost due to EU sanctions; Ahold gets ready to transform former Interspar supermarkets…
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Czech business awaits Russian retaliation against latest EU sanctions
Although Czech politicians have made soothing sounds about the impact of stricter EU sanctions on Czech business, the risk of counter measure from Moscow are a source of…
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South Koreans step up investments in Czech Republic
The Czech Republic has secured another major foreign investment with the South Korean car parts maker Hyundai Mobis signing a deal to build a factory outside Ostrava. It’s…
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Tough new sanctions against Russia likely to also negatively impact Czech firms
The European Union on Tuesday agreed on the toughest new sanctions so far against Russia. The move comes after the country was charged it had supplied heavy weapons to…
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Breweries banking on branded hostelries as pub sales of beer decline
While Czechs are among Europe’s most prodigious consumers of beer, the percentage sold in the country’s pubs has fallen to a historic low. This has led breweries to push…
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Part of Václav Havel International Airport to undergo renovation to accommodate giant A380s
Prague’s Václav Havel International Airport will undergo a makeover of one of its key areas and terminals to be able to accommodate giant Airbus A380s. In the past the…
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Czech and Slovak banks to support joint business ventures on foreign markets
The Czech Republic’s Export Bank and Slovakia’s Eximbank on Tuesday signed an agreement on cooperation in supporting joint Czech and Slovak business ventures abroad. The…
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Tourism stagnates despite massive state spending
While the Czech Republic has made an enormous investment in tourism in recent years, the injection of funds has failed to yield positive results, according to a new report.
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Prague developer turns tour guide as Wenceslas Square planning battle heats up
Amid the tourist bustle of central Prague this week a tour with a difference was taking place. Czechs turned up in their droves when development company Flow East opened…
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Business News
In this week’s Business News: package for South Korean Mobis cleared; company creation heading back to pre-crisis rates; gas pipeline company under spotlight for financial…
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Polish owner of Czech oil refinery assets boosts volume in spite of low margins
Stepping up refinery activity after just taking a massive hit from the struggling sector might at first glance seem a puzzling strategy. But the Polish overlords of most…
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