Business
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Business News
In Business News this week: the economy slows down suggesting even bleaker outlooks; the Czech crown loses its lustre for investors; Czech banks lose billions in the Greek…
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Business News
In this week’s business news: lower house approves package of reform bills, coalition agrees to postpone tax reform until 2014, EC revises Czech growth forecast downward…
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Lawyer Edward Fagan: Czech authorities “sadly mistaken” about what they are facing
The high-profile US reparations lawyer Edward Fagan is waging a battle with the Czech authorities over bonds issued in 1924 by the town Karlovy Vary. Mr Fagan made his…
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Business News
The lower house passes the draft state budget for 2012 in a first reading; the 2011 Czech state budget deficit falls to 91.5 billion crowns in October; the Czech…
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Škoda plans to conquer city car market with new Citigo
The Czech carmaker Škoda has unveiled a new model for the much sought-after city car market – the Citigo. It’s closely modelled on Volkswagen’s Up – not surprisingly as…
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Finance ministry considers crisis measures after economic growth projected at just one percent
Gloomy growth predictions across Europe have led the Czech Finance Ministry to revise its growth forecast for 2012 downward to at best 1 percent – a dip that will leave…
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Business News
The prime minister wants a referendum if the euro is to be adopted; a new natural gas line opens to the north; passenger car production up; the government shells out 11.7…
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Karlovy Vary faces massive claim for bonds issued in 1924
The town of Karlovy Vary faces a massive claim for bonds issued in 1924. The controversial US lawyer Edward Fagan this week asked Karlovy Vary to pay off over 500 million…
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Government to scrap eco-tender as finance minister refuses to back lowest bid
Czech Prime Minister Petr Nečas has announced his government will not name a winner in a multi-billion public tender to clean up the country’s old environmental pollution…
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Business News
In Business News: A Russian consortium is reportedly the most likely to win an upcoming tender on the expansion of the Temelín nuclear power plant; sources report an…
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Jakub Mareš – pioneering the co-working centre concept in the Czech Republic
Jakub Mareš is one of the operators of the Hub, Prague’s biggest co-working centre. They are a new kind of shared working environment where people whose main tool is their…
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Pilot emission of government bonds sells like hot cakes
The government’s offer of state bonds, enabling citizens to invest in the national debt, has proved hugely successful. After registering orders for more than 16.5 billion…
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