Business
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PM Sobotka and President Zeman meet with construction industry chiefs
On Thursday, Czech Prime Minister Bohuslav Sobotka and President Miloš Zeman attended a major one-day meeting of construction firm heads held at the Czech National Bank in…
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1.5 million Czechs threatened by poverty
A survey released by the Czech Statistics Office released this week has shown that the standard of living in the Czech Republic continues to lag behind western…
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Squad tasked with tax evasion clampdown up and running
It is one of the flagship measures of finance minister Andrej Babiš aimed at stamping out the country’s rampant tax evasion and filling the state coffers. And even before…
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Lobkowicz beer joins Prague Stock Exchange
Pivovary Lobkowicz, parent company to a number of Czech beer brewers including Platan, Lobkowicz and Černá Hora, has become the first such company to join the Prague Stock…
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Rollout of new models helps revive fortunes at TPCA
Long an engine of the economy, car production decreased slightly in the Czech Republic in 2013 when 1.13 million vehicles rolled off the production line. But this year the…
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Czech export promotion to Russia could rise but Ukraine support still stalled
Mixed signals have been sent by the West to Russia and Ukraine during the recent crisis and no more so over trade and business relations. Strangely enough, crucial Czech…
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Family firms show solidity in recession but handover headache beckons for many
Family firms have a strong tradition but troubled history with many falling victim to the tides of twentieth century Czech history. A new wave of firms have been created…
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Stranded costs and capacity payments key concepts for embattled power markets
A conference in Prague this week reviewed the exit possibilities from the current energy crisis in Europe. The conclusions were not very positive with major power…
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Business News
In this week’s Business News: car production remains in fast lane; Leo Express looks to new investors, airport owner gets positive credit evaluation; new chief for…
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Tatra Trucks seeks to develop foothold in Saudi Arabian market
Czech defense companies are looking at an upturn in business after a period of flat demand. And Tatra Trucks is one company that has survived difficult times and is now…
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Suppliers: Regardless of Ukraine situation Czech Republic has sufficient gas reserves
Whatever happens in Ukraine, the Czech Republic has sufficient natural gas reserves. That is the message from local gas suppliers, which say the country has enough natural…
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Czech e-book publishers still see bright prospects in spite of local market difficulties
E-books have been slow to take off in the Czech Republic with taxes, a local penchant for piracy, and caution from some of the traditional print publishers some of the…
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