Business
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Czechs increasingly charitable despite economic woes
Over the past two decades, philanthropy has become an important part of Czech society, with many people being increasing generous in giving to charity. Radio Prague looks…
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Constitutional Court issues precedent ruling on bank fees
Czech banking institutions, most of whom still observe the unpopular practice of charging fees for managing loan and mortgage accounts, can breathe a sigh of relief. In a…
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Hefty fines for some of Prague’s notorious tourist traps
Several restaurants in central Prague were among two dozen eateries fined last year for severe breaches of consumer legislation. The Czech Trade Inspection Authority found…
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Political and economic factors bury Temelín tender for now
Czech state owned power giant ČEZ’s move to scrap its tender for expanding the Temelín nuclear power plant has been in the rear view mirror for some time. The company is…
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Business News
In this week’s Business News: Czech Republic is export giant for ITC equipment; exports fill in for shrinking domestic beer market; Škoda Auto sets sales records…
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ČEZ cancels Temelín tender after government says no to guarantees
The Czech energy giant ČEZ announced on Thursday it was cancelling a tender on two new nuclear reactors at the Temelín nuclear power plant. The deal - estimated as worth…
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Budget battle starts with mean opening bid by finance minister
The annual budget ritual has started with a mean looking opening bid by the Ministry of Finance together with expected savings in spending. That bid will be fought over…
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Polish refinery giant seeks to reshape Czech sector
Confirmation has come of top level talks between the Czech government and representatives of Polish oil refining and petro-chem giant PKN Orlen. The scenario that the…
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CzechInvest boss: Brno’s opposition to Amazon sign of Czechs’ distrust in politics
The Czech Republic has benefitted in the recent years from being the biggest “pull” for foreign investors in Central Europe. But the city of Brno’s rejection of 2.7…
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Breakthrough for sales of L-159 to Iraq in sight
A breakthrough in foreign sales for the Czech Republic’s biggest aviation company is again being promised. But after hopes being dashed so many times before, Aero…
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Czech industrial output surges with recovery sucking in imports
Czech industrial production is going from strength to strength and there are now clear signs that bosses are recruiting seriously to cover their ever expanding order books.
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Business News
Business News this Friday: Finance Ministry shuffles explosives firm over to Ministry of Industry & Trade; low-cost carrier Ryanair returns to Czech skies; Russian group…
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