Business
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Czechs planning first high-speed rail line but will still lag behind
The Czech Republic is set to get its first high-speed rail line, iHned.cz reported on Thursday. Under a Ministry of Transport plan, work on the line between Brno and the…
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Social Democrats embarrassed in fuel tax vote
The senior coalition Social Democrats have suffered an embarrassing setback in the lower house after a group of their MPs on Wednesday joined the opposition to pass a bill…
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Chinese enterprise to buy controlling stake in Czech tram producer
The Chinese state-owned enterprise China Railway Signal & Communication Corporation has signed a deal to buy a majority stake of 51 percent in the Inekon Group from…
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Czech Airlines start to count cost as strategy switch unravels
Czech Airlines shifted its strategy to concentrate on flights to Russia and former Soviet states as the West European market turned sour. For several years the switch paid…
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Loans taken for package vacations should be properly calculated by borrowers, say analysts
According to the daily Právo, Czechs most often take loans to buy home appliances, renovate their apartment, pay off earlier debts, or buy a car. But every spring and…
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Business News
In Business News Friday: Czech billionaire Bakala to give up his 50 percent stake in BXR; car sales are up, despite rising prices; Czechs bet more than 120 billion crowns…
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Czech answer to Bitcoin launched
Czechs this week joined other central and eastern European countries in rolling out a new virtual currency called Czech Crown Coin (the CZC), a local alternative to other…
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Škoda unveils sketch of new-generation Fabia
The Czech-based carmaker Škoda Auto has unveiled a sketch of its third -generation Fabia model. The new hatchback will be wider and lower, with sharply styled panels…
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Czech finance minister makes about turn on nuclear expansion
Only three months after the Temelin nuclear tender was scrapped, chances that the Czech Republic will swiftly restart preparations to build new reactors have revived with…
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Chinese pharmaceuticals eye Czech Republic as base for EU operations
Several Chinese pharmaceutical firms have recently sent their envoys to Prague to test the ground for potential cooperation. One opportunity eyed by the Chinese firms is…
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Minister of Industry and Trade counts half year achievements
Czech Prime Minister Bohuslav Sobotka continued his ministry tour on Wednesday with a stop off at the Ministry of Industry and Trade, under the tutelage of fellow Social…
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Czech military signs long-awaited deal to offload surplus combat aircraft
A years-long effort by the Czech army to off-load some of its surplus L-159 planes has finally born fruit. On Monday Defence Minister Martin Stropnický and a…
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