Business
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Czechs smoked less during Covid-19 outbreak but paid more due to tax hike
Cigarette consumption in the Czech Republic dropped by more than 60 million over the past year. The biggest drop in consumption was recorded during the state of emergency.
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Czech minister calls for strict enforcement of existing laws on Airbnb style short-term rentals
The Czech Minister for Regional Development says it is better to ensure strict enforcement of current laws related to short-term accommodation rather than issue new rules.
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Car manufacturers saw record revenues last year, but expect 20 percent production fall in 2020
Car and associated component manufacturers in the Czech Republic saw record revenues last year, but car production is expected to fall.
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Coronavirus fuels Czechs' interest in recreational homes
Interest in purchasing summer homes and cottages is far higher this year while the number of such recreational homes on sale has dropped, the website Aktuálně reports.
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Coronavirus underscores advantages, disadvantages of Czech economy being most industrial in Europe
MPs have approved a rise in the 2020 central state budget deficit to a record 500 billion crowns, or around 9 percent of GDP. Will it be sufficient to shore up the economy?
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Czech video game industry sees strong growth for third year in succession
The Czech video game industry grew by 20 percent last year, with a total turnover of CZK 4.54 billion. The sector has doubled in size in the past three years alone.
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Czech economy will fall by up to 8 percent, former Central Crisis Staff advisor says
The downfall in the Czech economy will be higher than generally expected, contracting by 7.5 to 8 percent of GDP, says leading Czech economist Jan Švejnar.
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HN: Promised hotel support scheme now only applies to spas
The minister of regional development, Klára Dostálová, has not delivered on pledges to Czech hotels and clients hoping for state help following the coronavirus crisis.
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Company’s success story: From PC war games to combat simulators for the military
Bohemia Interactive Simulations started out producing PC war games and now supplies British or American soldiers with combat simulators.
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Survey: one third of Czech households experience drop in income due to Covid-19
One third of Czech households have experienced a drop in income due to the restrictions related to the Covid-19 outbreak, according to the results of a poll by CVVM.
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Czech Republic ranked 33rd in World Competitiveness Ranking, highest among V4
Czechia has for a second consecutive year ranked 33rd in Swiss research group IMD’s World Competitiveness Ranking. The country again ranked highest among the V4 countries.
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Qualified Worker Programme for non-EU foreigners partly restored
A green light has been given for workers from some non-EU states to apply for work in the Czech Republic.
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