Business
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Outgoing coalition, opposition agree on stimulus package
One of Prime Minister Jan Fischer’s first tasks in his new job will be implementing a billion-crown stimulus package to kick-start the Czech economy. A final outline of…
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Business News
In Business News this week, Škoda Auto looks to Saturday working; foreign workers’ visa freeze; Prague airport privatisation problems; Czech agriculture’s new master…
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Volatility of crown problem for Czech firms, says Škoda executive as fall of government raises…
One consequence of the fall of the government last week is increased uncertainty over when the Czech Republic will adopt the common European currency. A target date for…
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Business News
In Business News this week: few get on board for the Czech Airlines sale; a cloudy future for key government measures; more developments around Orco; business index gives…
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Time Warner tunes into Czech television market
US film, television and print media giant Time Warner has bought itself a prime part in the Czech commercial television market. Time Warner has taken a 31 percent stake in…
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Business News
In Business News this week, the Finance Ministry cuts growth hopes; good news for new homebuyers; Orco takes a plunge; the inside dealer still on the outside; Moravia…
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Prague transport company seeks to bring back metro turnstiles
A welcome feature of the Prague metro system – its freedom from passenger turnstiles – is coming to the end of the line. The capital city’s transport authority says non…
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Farmers protest about EU agriculture subsidies in Prague
It wasn’t so much crying as sloganeering over spilt milk in Prague on Thursday, as thousands of farmers gathered to protest about the way the EU distributes farming…
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Business News
In Business News this week, more gloomy macro-economic figures and predictions of job losses; the Ministry of Finance’s menu for recovery; a powerful silver lining for ČEZ…
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EU ministers reach deal on lower VAT rate on certain goods & services
After years of wrangling on the issue, EU finance ministers on Tuesday agreed on a deal partly unifying VAT rates, allowing individual countries to reduce value-added…
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Czech unemployment rises sharply to 7.4 percent
The Czech Republic saw its unemployment rate jump to 7.4 percent in February, a continued rise which surpassed grim forecasts from a month ago by 0.6 percent. Some 429,000…
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President Klaus in US: global crisis “just price” for interfering with free market
President Václav Klaus concluded his tour of the United States on Monday during which the Czech head of state added another theme to his global agenda. Speaking at several…
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