Business
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Czech authorities move to simplify work permits for non-EU supra-national corporation employees
Following persistent complaints regarding the length of time it takes for foreign investors to bring highly qualified staff to run their businesses in the Czech Republic…
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New regulatory rules for banks could make lending less accessible
Basel III rules aimed at encouraging banks to steer clear of bad risks and making sure they have the wherewithal to cope if they hit a financial crisis are already…
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Business News
In this week’s Business News: weak crown could be prolonged amid deflation fears; beer lovers encouraged to buy brewery stake; Vietnamese banking giant targets Czech…
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Czech delegation to Vietnam seeks to rebalance trade relations
Vietnam is one of the main Czech targets for boosting exports outside of Europe. And while current trade flows are overwhelming in favour of the South-East Asian country…
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South Korean Nexen tyre plant investment virtually sealed following land deal
Representatives of the Ústí region have signed off on a land deal crucial to persuading South Korean based global tyre manufacturer Nexen to set up a new plant in the…
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Parliamentary support for European fiscal pact could come at a high price
The fiscal pact is one of the talismans of the coalition government’s new pro-European stance. But it’s not a done deal that it will get the votes needed in parliament to…
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ČEZ first quarter results increase questions over company strategy
One result does not make a summer, or a winter, but it can easily dent fragile optimism. And ČEZ’s first quarter results released Tuesday probably achieved that as well as…
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Czech defense company Era wins NATO order against tough competition
The equipment on the face of it looks very unimpressive, but Czech defense company Era has achieved a notable success with its start of the art detection system winning a…
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Labour ministry unveils poverty reduction plan
Approximately 1.5 million Czechs are living below the national poverty line. In line with their election promises, the Social Democrats have now unveiled a long-term…
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Poll suggests Czechs save most on food & clothes
A new poll released by the Czech discount retail website Skrz.cz, which offers the use of a search engine to trawl for the best deals – has suggested that Czechs trying to…
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Business News
In this week’s Business News: first finance ministry fine for foreign bet; building sector to get substantial boost; water companies angered at regulation move; gold…
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Czech ministry says detailed analysis of trade patterns shows higher penetration of non-European…
Sourcing supplies and manufacturing has got a lot more complicated and fragmented with globalization. In many cases, countries are just partial providers or stops for…
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