Business
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Can new Telecom owner halt decline in number of fixed line telephones?
Over the last half decade or so there has been a dramatic fall in the number of old-fashioned, fixed line telephones here in the Czech Republic. Telefonica O2 (formerly…
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Czech Republic loses appeal in 40 billion crown dispute over IPB
The Czech Republic suffered another loss on Monday in its highly-publicised dispute with the Japanese investment group Nomura. The group is suing the Czech state for…
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Business News
In Business News this week: the foreign trade gap in July is higher than analysts had expected; the Czech Republic falls eight places to 45th in the rankings in the annual…
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Quarrels over who should finance Prague's metro expansion
Those of you who are familiar with Prague know about one of its great perks: a transit system combining a metro, tram lines, and buses, all running according to an exact…
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Business News
In Business News: average monthly wages grow by 6.9 percent - 3.9 percent in real terms; the government approves a steep rise in excise duty on tobacco products; tens of…
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Business News
Komercni Banka clients hit by on-line thieves. Czech-Chinese business relations grow. Lithuanian-based bank opens office in Czech Republic. Mountfield records growing…
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Czech Airlines in trouble
State-run Czech Airlines posted a 773 million crown loss in the first half of the year, bringing its overall debt to half its basic capital. The company's management said…
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Business News
In Business News: the public finance gap will again exceed euro adoption criteria next year - the outgoing finance minister says that will not impact plans to adopt the…
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Business News
In Business News this week: the Czech crown reaches a record high against the Euro; the Euro is accepted by half the country's chain stores; RWE Transgas is hit by the…
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Czech economy booming despite growing oil prices
Figures just released by the Czech Statistical Office indicate that in spite of the country's drawn out political crisis and the growing price of oil on world markets the…
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Business News
In Business News: electricity prices are set to rise sharply in 2007, after an auction held by producer CEZ; Amnesty International criticises arms exports from the Czech…
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CEPS: Last week's power crisis caused by sequence of accidents throughout Europe
Last week the Czech Republic suffered its most serious power crisis in decades, which forced the Czech transmission grid operator to declare a state of emergency and…
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