Business
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State to help cover rents of companies hit by coronavirus crisis
The Czech government has this week approved a new scheme under which the state will help companies struggling due to the coronavirus crisis to pay their rent. The…
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Czech car production plunges by nearly 90 percent in April
Production of passenger cars in the Czech Republic dropped by a record 88.5 percent year-on-year in April to 14,589 units, the Czech Automobile Industry Association…
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State mulls Smartwings purchase but firm’s importance questioned
The state could buy the Czech airline Smartwings, the minister of industry and trade revealed at the weekend. However, the suggestion has raised eyebrows, with critics…
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Czech Mint printing Florence Nightingale coins as “thank you” gift for people on the frontlines of…
“An exceptional gift for exceptional people” –that is how Czech Mint describes a new issue of coins which are to serve as a thank-you gift to those who fought on the front…
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iRozhlas: Landlords abandoning Airbnb as service faces closer oversight
Many landlords in Prague have switched from offering Airbnb type services since the advent of the coronavirus crisis. At the same time, the state is planning to implement…
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Study: working from home has reduced employees’ productivity by 30 percent
The temporary shift to home office due to restrictions related to the coronavirus outbreak has significantly reduced employees’ productivity. A study carried out by the…
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Czech billionaire buys stake in iconic U.S. department store Macy’s
Czech billionaire Daniel Křetínský has bought a stake in Macy’s, one of the oldest U.S. department stores, taking advantage of a share price-drop spurred by uncertainty…
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Czech tourism records major decline in first quarter
There was a marked fall-off in tourist numbers in the Czech Republic in the first quarter of 2020, according to official data released on Monday. Between the start of…
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Czech industrial production sees biggest fall since 2009 financial crisis
Industrial production in the Czech Republic saw its biggest fall since July 2009 in March, according to official figures released on Thursday. Working-day adjusted…
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Save the Beer initiative rescues hectolitres of craft beer from destruction
Microbreweries are among the businesses hardest hit by the coronavirus lockdown in the Czech Republic. Due to the closure of restaurants, demand for their beer dropped…
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Suspension of electronic cash register system to be extended till end of year
The government’s electronic cash register system is to be suspended until the end of this year in view of the coronavirus situation. The prime minister also says that he…
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Association: Coronavirus crisis unlikely to dent Czech property prices
The coronavirus crisis is not likely to cause a fall in property prices in the Czech Republic, the Association for the Development of the Property Market said this week…
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