Business
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EU ministers agree on steps to reassure savings account owners
EU ministers meeting in emergency talks in Luxembourg on Tuesday agreed on steps to stabilise the situation for European banks, hit or under threat by the global financial…
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Czech Airlines flying high after eighty-five years
The Czech national airline ČSA is celebrating its 85th birthday this Monday. Today, the carrier flies to destinations spanning from Athens to Zagreb, and ranks amongst the…
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Czech Republic far from immune to the global financial crisis
EU leaders met late last week to develop a European strategy to combat the global financial crisis, and the Czech Republic too is set to tighten its belt in many key areas…
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Business News
In the week’s business news: the Czech government goes out of its way to reassure the public that the Czech economy will not be directly threatened by the global economic…
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Rising energy prices see slump in usage.
Gas prices went up Wednesday by an average of 10.4%, with ordinary Czechs expected to pay as much as a thousand crowns extra on energy annually. The main reason given for…
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Czech banks sheltered from financial crisis, says central bank
Many in the Czech Republic have watched the turmoil on the global financial markets with unease, especially as the crisis spread to affect a number of yEuropean banks. But…
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Major glass producer axes two of its plants to stay afloat
A long tradition of Bohemian glass making almost came to an end on Monday when Bohemia Crystalex Trading, the Czech Republic’s largest producer of glass, was left little…
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Business News
In this week's Business News: The Czech government has announced a tender for software worth 1.5 billion crowns; safety inspectors are to begin checking Asian restaurants…
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Czech arms exporters to sue Germany over transit licences
Czech arms exporters are preparing a lawsuit against the German government over transit licence permits required by the German authorities for all arms shipments through…
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Business News
In this week's Business News: The global financial squeeze affects the Czech Republic; businesses also feel the effects; a Czech language version of Youtube is to be…
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Global financial turmoil to slow down Czech economy
The global financial crisis, fuelled by the recent fall of Wall Street’s number four investment bank Lehman Brothers, has already hit markets in Central and Eastern Europe…
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Czech government still making no plans for euro-adoption
Despite its fast-paced economic growth and strong currency the Czech Republic will most likely be one of the last countries in central Europe to join the eurozone. If…
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