Business
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After strong 2008 shine fades from Czech crown
The Czech currency is losing its muster. The crown, one of the world’s fastest appreciating currencies in 2008, is now rapidly weakening. It has sunk to its lowest point…
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Will the government help out the country's embattled glassmakers?
Makers of glass, one of the Czech Republic’s best known exports, have been facing serious problems in recent months. One week ago, the biggest Czech glassmaker, Bohemia…
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Gas crisis underscores need for common energy policy in Europe
An agreement brokered by the Czech prime minister on the resumption of Russian natural gas supplies to Europe appears to be back on track, after an unexpected snag on…
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Business News
In this week’s Business News: The Czech Republic’s state debt currently stands at almost one trillion crowns, the prime minister unveils an economic council to help steer…
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Prime minister presents members of new body to combat effects of financial crisis
While we are still waiting for a long-promised cabinet reshuffle, the Czech prime minister, Mirek Topolánek, has delivered on his pledge to set up a National Economic…
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Russia cuts off gas supplies to Europe
Early on Wednesday, Russian supplies of natural gas to Europe were completely cut off as a pricing and debt row between Russia and Ukraine escalated. Several European…
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The Czech Republic experiences a 75% drop in gas supplies from Russia
Not for the first time, Russia and Ukraine are in dispute about gas supplies. But amidst clashes over unpaid bills, full market values and political enmities between the…
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Czech PM to announce euro adoption date November 1, 2009
Slovakia became the 16th country to join adopt the single European currency on January 1st, and there were great scenes of celebration across the country. Perhaps…
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Business News
In this week's Business News: despite economic woes, budget deficit lowest in 11 years; nuclear plant generated record power in 2008; Czechs lured by weak pound, London…
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Czechs' answer to bubbly - Bohemia Sekt
When it comes to New Year’s Eve, things have changed in the last 20 years. Now Czechs don’t just sit in front of their TVs on the last night of the year, noshing on…
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What is the future of Czech glassmaking?
Glassmaking - one of the trademarks of the Czech Republic – is going through hard times. This autumn, the biggest Czech glassmaker, Bohemia Crystalex trading, was forced…
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Payment cards increasingly popular with Czechs
It took a while for the trend to catch on but today Czechs are increasingly using payment or debit cards on a daily basis. According to data released by the Bank Card…
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