Business
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Business News
In Business News: the IMF has advised the Czech government against making further budget cuts in view of the country’s worse-than-expected economic development; Finance…
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Brewery sues consumer magazine over mycotoxin tests
A Czech brewery is taking the country’s leading consumer magazine to court over tests which detected high levels of mould in one of its brews. The Svijany brewery…
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Despite depressed economy, international franchisers expand on Czech market
The Czech franchise market registered a massive growth last year, with more international brands looking to expand in the region in the coming months. At a time of…
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Police uncover almost one million litres of illegal alcohol
After last year’s methanol affair in the Czech Republic, the police redoubled efforts in uncovering bootleg liquor. A week ago, it was confirmed Tuesday, they found three…
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Business News
Business news: the Czech economy is in record-long recession, the government pledges to help farmers, ČEZ launches arbitration proceedings against Albania and Freedom Tax…
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Planned university reform seeks to improve cooperation with industry
Czech universities are set for the biggest change in years. After several failed attempts in the past, the Education Ministry is finalizing reform legislation that should…
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Czech towns increasingly banning door-to-door sales
Given the growing number of salesmen who abuse the trust of elderly people in their own homes and force them into highly disadvantageous contracts, many Czech towns and…
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Swiss court begins hearing major Czech privatization case
A Swiss court on Monday began hearing a major Czech privatization case. Six former managers of the Czech coal company MUS face accusations of money laundering and other…
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Corruption universal but corruption tourism unique to Prague, says tour boss Petr Šourek
One of the more colourful news stories out of the Czech Republic last year concerned Corrupt Tour, which started running excursions – in Czech, English and German – to…
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Business News
In this week’s Business News: The grey economy in the Czech Republic is estimated to be 16% of the GDP; Average fuel prices have gone done for the fifth week in a row; The…
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End in sight for ‘bearer shares’ – common currency for corrupt businessmen, officials
The Czech Republic has been heavily criticised in recent years for allowing corruption to flourish – particularly for refusing to abolish anonymous stock certificates…
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Czechs and Poles to boost food safety links
In a meeting in Prague on Monday, the Czech and Polish agriculture ministers addressed a long-running dispute over the quality of Polish food imports to the Czech Republic…
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