Business
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Foreign direct investment more than doubles in two years
New figures released by the EU statistics office Eurostat this week show that the Czech Republic attracted 8.8 billion euros in foreign direct investment (FDI) last year…
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Distilleries busy with exceptional plum harvest
Distilleries around the country are exceptionally busy these days as farmers are bringing in their plum crops which are unusually plentiful this year. It is a tradition in…
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Business News
Prague court dismisses CSOB's complaint against Japanese bank Nomura. Wireless internet in Prague awaits EU decision. Komercni banka's owner to expand into Slovakia. Czech…
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Loophole allows illegal billions to be stashed away in bank accounts
The country's leading financial daily Hospodarske noviny reported on Monday on a legal loophole which police believe is allowing people to deposit billions of crowns in…
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Business News
Skoda Joyster makes its first appearance. High-end hotel business booms in Czech Republic. Orco buys office block in Prague. Telefonica O2 complaint rejected by Brno court…
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Business News
In business news this week: prime minister Mirek Topolanek rules out euro adoption by 2010, plans to sell off Prague Airport, the interior ministry says it wants a…
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Topolanek hammers nail in coffin of 2010 euro adoption
For some time successive Social Democrat governments have spoken of the Czech Republic joining the eurozone by the end of the decade - January 1st, 2010 being the date…
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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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