Business
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Business News
In today's Business News: The Czech National Bank cut interest rates by half a point to 2.25 percent this week; Prime Minister Mirek Topolánek has warned against excessive…
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Czech betting firms win permission to introduce on-line gambling
Czech betting firms are finally being allowed to get their hands on a slice of the huge on-line gambling pie. After years of lobbying, and promises to prevent minors from…
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To fight, or not to fight the economic slowdown?
The Czech economy is slowing down, though at present it has managed to stave off a recession. With the EU recently agreeing on a stimulus package, while many individual…
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Business News
In this week's Business News: Škoda cuts production as the economic slowdown bites; local police offer jobs to laid off Škoda employees; despite woes, confidence in Czech…
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“Unrealistic” state budget for 2009 approved by lower house
Despite its minority support in the lower house the centre-right governing coalition on Wednesday pushed through the state budget for 2009, securing the votes of all five…
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Czech economy begins to feel the pinch
Ever since the onset of the global economic crisis, the Czech Republic has been spared some of the stronger side-effects of the financial slowdown, particularly when…
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Business News
In Business News this week: Czechs are spending much less on their Christmas shopping this year than last; the US has put the Czech Republic on a pirate-goods blacklist…
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Energy firm offers consumers prize freeze for 2010
Consumers fearful of rising energy prices have now been offered a choice by the Czech energy giant ČEZ: the possibility of freezing electricity prices through 2010. Not…
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Business News
In Business News this week: the IMF says GDP growth in the Czech Republic is likely to fall below 2 percent next year; the Czech finance minister says if that happens the…
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Czech companies to cut thousands of jobs
The Czech Republic is now beginning to be more affected by the world financial crisis. After a number of industrial companies announced cutting thousands of jobs, the…
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Business News
In Business News this week: the EU has agreed on new agricultural policy, which Czechs do not support; Russian oil firm Lukoil wants to buy a stake in several Czech…
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Award for firm hoping to make banknote counterfeiting thing of past
Among the prize winners at Tuesday’s 2008 Česká hlava (Czech Head) science and technology awards was the company Optaglio, which has created a system aimed at ending the…
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