Business
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IMF endorses Czech economic policies but sees some room for improvements
The latest ongoing report by the International Monetary Fund (IMF) should be music the to ears of the Czech government, Ministry of Finance, and Czech National Bank. It…
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Business News
In this week’s Business News: Polish oil company tightens grip on Czech oil sector; Home Credit targets take off in China while suffers Russian setback; minority…
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Czech government announces infusion for film rebate fund
The Czech government approved proposals on Wednesday to top-up a depleted fund designed to offer rebates of up to twenty percent to productions filming in the country. An…
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Corporate supervision Czech-style fails to tackle real issues
For the most part being a supervisory board member on a Czech state company looks like a highly paid form of pre-retirement pension for politicians who’ve past the sell-by…
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Czech firm aims to go global with water saving device
A Brno-based firm believes that a simple device they have designed could conserve major amounts of drinking water. The company, aptly named Watersavers, produces a faucet…
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NWR raises possibility of OKD sell-off
Mining company New World Resources (NRW) is preparing for the possible sale of daughter companies, including the Ostrava-based coal producer OKD, it was reported on…
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Czech economy records fastest growth since 2008
The Czech economy performed beyond expectations at the start of the year. Revised figures by the Czech Statistics Office show that in the first three months of 2014, gross…
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Slow phase out of anonymous corporate ownership likely with new law
The abolition of anonymous shares in companies, and as a result the ending of firms with no clear ownership, came into force at the end of June with thousands of such…
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Prague transport system celebrates a hundred years of fines on ticketless passengers
Prague’s much envied public tram, metro, and bus network is marking a special day this Tuesday with the 100th anniversary of the debut of punitive fines being imposed by…
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Babiš’ intervention in ČEZ upsets coalition parties
An intervention by Finance Minister Andrej Babiš in the Czech state-run energy giant ČEZ has annoyed his party’s coalition partners. Mr Babiš’s ministry has replaced seven…
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Central bank: Czech households deeper in debt
Czech households’ debt increased in May by over 43 billion crowns annually, amounting now to over 1.2 trillion crowns, according to figures released by the Czech National…
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Tensions fail to topple Russia from position as top export target
Russia tops the list of countries where Czech exporters would like to boost their sales according to an evaluation drawing on approaches for help to Czech institutions…
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