Business
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A focus on Czechia
Travelling around Czechia
Czechia has several highways, some of which are unfortunately not always in very good shape.
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German authorities criticise Czech Railways’ system following deadly train accident
The charge comes following Wednesday’s train accident in western Bohemia, in which an express train from Munich collided with a passenger train, leaving three people dead.
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Škoda Auto significantly boosts operating profit, revenue in first half of 2021
Škoda Auto increased its year-on-year sales revenue by 35.2 percent in the first half of 2021, reaching EUR 10.2 billion.
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Prague metro reports sharp drop in passenger numbers for 2020
Prague metro transported a total of 251,423 passengers last year, more than 40 percent fewer than in 2019, suggests the Technical Road Administration annual report.
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A focus on Czechia
The jobs market
Czechia boasts a very low unemployment rate, although the coronavirus crisis has led to rising joblessness.
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Record growth in second quarter but economists disappointed
The Czech economy expanded by 7.8 percent year-on-year in the second quarter of 2021. Though this is a record, economists expected better.
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Prague City Hall fights to preserve “unique” villa from demolition
Prague City Hall is currently fighting to preserve a rare villa built in the English style of the late nineteenth century.
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iHned: Easing of restrictions means saving no longer priority for many
Czechs have in recent months shown an increased willingness to draw on the money they saved up during the Covid crisis, with banks reporting relatively high spending.
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Czechs back in spending mood, but many pubs and restaurants still struggling to make comeback
The warm weather and the easing of coronavirus restrictions have put Czechs back in a spending mood, but many pubs and restaurants are still not back in business.
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Holiday home prices in Czechia rise by a third as Czechs seek to escape quarantine risk
Holiday home prices have risen by a third over the past year. Realtors think this is partly due to people looking for a country retreat amid fears of return to quarantine.
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New website lets people know if they have unclaimed money from voucher privatisation era
A new website called Zapomenuté miliardy (Forgotten billions) offers Czechs the chance to find out if they own unclaimed shares distributed during the privatisation era.
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Prague hotels fight for clients as room prices fall up to 50 percent of pre-pandemic value
State coronavirus subsidies for businesses have now been cut, but the Czech hospitality sector is still struggling.
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