Business
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Rise in unemployment especially problematic for graduates and unemployed persons over 50
More than 500,000 Czechs are currently out of work, with the rate of unemployment growing from 8 percent in November of last year to 8.6 percent in December. While a jump…
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Business News
In this week’s business news: An increase of the lower category VAT has gone into effect, Czech online discount sites see steep increases in sales, hard liquor consumption…
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Business News
In Business news this week: Czech crown falls to its lowest to the dollar since July 2010; Česká spořitelna withdraws from legal battle over bankrupt lottery firm Sazka…
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How the Velvet Revolution overturned the literary landscape
Writers were at the forefront of the Velvet Revolution. But when the dust settled on the political changes they found a fast changing publishing revolution underway that…
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Bureaucratic goof could cost country billions of crowns
What appears to be gross bureaucratic incompetence may cost the Czech Republic billions of crowns. The country’s belated bid to become a party in the ongoing criminal case…
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Business News
In Business News this week: a poll suggests that a majority of Czech business leaders oppose contributing to the EU’s efforts to save the euro; Central Bank governor says…
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Parliament approves 2012 budget conceding revision likely in the spring
The 2012 state budget on Wednesday sailed thought the lower house of Parliament despite heated protests from the opposition who labeled it “misleading” and “unrealistic”…
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Survey suggests a fifth of Czech companies will introduce layoffs in 2012
For many people 2012 promises to be a tough year or at least one of big changes: a new survey by the Czech Chamber of Commerce has suggested that every fifth company in…
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Business News
Economy grows by 1.2% in 3Q; criminal liability for companies passes parliament; fifty billion crowns in deals for Czech and Russian businesses; inflation accelerates to 2…
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Struggling Czech Airlines to dismiss one-third of pilots
The struggling state-owned carrier Czech Airlines announced on Monday it will a dismiss a third of its pilots as part of restructuring plans, with some receiving their…
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Business News
In Business News this week: the Czech Finance Minister warns of disastrous consequences the fall of the euro would have for Czech economy; Czech banks pass new stress…
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Business News
In business news today: household energy prices to grow in coming months; Slevomat.cz buys share in Hungary’s Bónus Brigád; Czech Post expects rise in profit compared to…
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