Business
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Scheme to pay laid-off foreigners to leave sign of “panic”, says human rights lawyer
With unemployment rising fast in the Czech Republic, it is often guest workers from states like Vietnam and Mongolia who are the first to be laid off – with redundancy…
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Union leader warns revival of “Švarc system” would mean death of social state
One of the government’s suggestions for combating the economic crisis is to revive the so-called “Švarc system”. It’s named after Miroslav Švarc, a Czech building…
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Record number of jobs cut in January
A record number of jobs were lost around the Czech Republic in January, which saw the sharpest one-month rise in the unemployment rate in history. With 6.8 percent of the…
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Business News
In this week’s business news: the Czech central bank predicts a recession; the country’s trade surplus plunged by a quarter in 2008; government unveils plans to boost the…
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Recycling industry hit by global economic crisis
The global economic crisis is having a negative impact on recycling in countries including the Czech Republic, largely dependent on selling its recyclable materials abroad…
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Czech authorities considering scheme to pay laid-off immigrant workers to return home
Rising unemployment spells bad news for the hundreds of thousands of non-nationals working in the Czech Republic. Things are especially difficult for workers from outside…
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Business News
In Business News this week: the Czech Republic’s richest man Petr Kellner gains influence over the most valuable parts of Czech-Slovak group J&T; the Czech government sees…
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Government unveils plan to boost economy in light of slashed growth forecasts
The Czech government has been rethinking its finances for 2009, and is ready to almost double its budget deficit. With growth forecasts slashed from five to one percent…
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Business News
In this week's Business News: the Czech crown is continuing a remarkable slide; the Finance Ministry has confirmed that plans to sell off Ruzyňe Airport in Prague are…
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Government to sell off Czech Airlines by September 2009
The government approved a plan on Monday to sell its ninety-percent stake in the national carrier Czech Airlines by September 30. The cabinet said the buyer would be…
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Škoda’s Radek Špicar: financial crisis very serious but also positive challenge for car industry
Radek Špicar is director of external affairs at one of the Czech Republic’s biggest companies, the carmaker Škoda Auto. With car sales around the world drying up due to…
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Business News
In Business News this week: with Czech industrial output falling by 17.4 percent, the vice-governor of the central bank says growth this year could slow to as low as 0.5…
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