Business
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Property restitution will give us independence, says Mons. Tomáš Holub of Czech Bishops’ Conference
Given the recent developments on the Czech political scene, the country’s churches and religious groups might have to wait longer for the return of their property…
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Galileo central navigation centre to open in Prague
This week will see the official launch of the central satellite navigation centre for the Galileo global navigation system in Prague. Originally eleven countries vied for…
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Rising consumer goods prices bring down real wages
Although the most recent figures from the Czech Statistical Office gave a slightly optimistic view of rising wages in the second quarter of this year, a report in the…
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Business News
This week in business news: the government’s economic advisory council says state institutions are not being frugal enough; fuel prices are breaking high records for the…
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Czech distillers expect lower sales due to changing lifestyle, weak economy and taxation
The changing lifestyle of the Czechs, combined with a protracted economic recession and increased taxation, has led to a significant drop in the sales of spirits on the…
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Urban cycling accelerates in Prague, with some speed bumps
The past few years have seen a rapid increase in the number of cyclists in Prague. As Praguers become more concerned with healthy living and the environment, more and more…
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Business News
This week in business news: fuel prices skyrocket across the Czech Republic; the Czech government will launch a new scheme to help local business in trouble; the new…
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Tatra CEO arrest raises questions about his accuser
An unprecedented number of high-level corruption cases have been uncovered in the past months in the Czech Republic. Police and state attorneys appear to be investigating…
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Business News
In this week’s Business News: the Czech recession lingers; government receipts fall as the economy bites; the NGO Social Watch issues a damning report of government…
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Senate rejects further tax hikes
The Senate on Thursday rejected one of the most controversial components of the government's fiscal consolidation package - a hike in value-added and income taxes aimed at…
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Farmer shops become part of city dwellers’ lifestyle
The hype over Western supermarkets of the 1990s started fading for Czechs sometime in the early noughties. As healthy eating became more of a priority for some Czech city…
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Czech economy contracts for third consecutive quarter
The Czech economy remains in recession. According to preliminary figures released by the Czech Statistical Office on Tuesday, the gross domestic product fell by 0.2…
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