Business
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Finance minister calls for measures to counter looming budget deficit
Bad news travels fast and Czechs found it splashed all over the front pages of Monday’s papers. The country’s finances are in a worse state than previously thought with…
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Business News
In this week’s Business News: signs of an industry upturn; survey pinpoints labour and learning gap; and both ČEZ and Czech Railways seek out new frontiers; and search…
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Cash-strapped Czech army freezes recruitment, plans mass redundancies
The Czech army has put a freeze on all recruitment in a bid to cut costs. On Wednesday, the last batch of new recruits for at least one year reported to the military…
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Bailiffs see rising business as economic crisis bites
Bailiffs are one group who look like they are prospering from the recession. Their business of reclaiming debts from those who can not pay is going from strength to…
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Business News
In this week’s Business News: the central bank says the worst is over; commercial banks drag their feet on rate cuts; a Prague court throws out an insider dealing charge…
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ČEZ calls for offers to expand Temelín nuclear power plant
Czech power giant ČEZ has launched a tender for two new nuclear reactors at its existing Temelín site in south Bohemia. The move aims at more than doubling output at the…
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Czech tuzemák rum goes on sale in Canada
Forget Becherovka or even slivovice, it’s Czech rum – tuzemák – which is the biggest selling spirit in this country. Despite its popularity here, however, the drink…
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Struggling Czech film industry seeks state backing
The 2006 James Bond remake Casino Royale is becoming an endangered species. The film was mainly shot at Prague’s famous Barrandov studios and used Prague and Karlovy Vary…
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Used car dealers feeling crunch – daily
The Czech daily Právo on Monday reported that used-car dealers have been feeling the crunch of the continuing economic crisis. Overall, sales of cars (both new and old) in…
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Business News
In this week’s Business News: the ad spending slide hits Nova profits; one sole order for Staropramen; bad loans provisions hit Česká Spořitelna; ČEZ powers up in Germany…
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Czechs see flat prices taking downward dive
After years of seeing their bricks and mortar assets rising in value, Czechs are now coming to terms with falling prices for flats and houses. But while gloom and doom…
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Czech language schools face downturn
Language teaching in the Czech Republic has been big business since the fall of Communism, with many hoping improving their language skills will increase their job…
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