Companies in Czechia preparing for massive hiring spree this summer, survey shows
Interest in hiring new employees is at a record high according to a newly released survey conducted by HR company ManpowerGroup among hundreds of Czech businesses.
Prague Castle to host 10th edition of annual Minibrewery Festival this Friday
Beer and scenery lovers will surely appreciate the two-day-long Minibrewery Festival at Prague Castle, whose 10th edition is set to start this Friday.
Public Sector unions threaten to strike as inflation cuts into real wages across the board
Wages in the Czech Republic are growing, but not enough to cover for the rapid rise in inflation. The hardest hit are public sector employees.
Legendary TGV train arrives in Czechia to promote high-speed rail project
The legendary French high-speed TGV train has arrived in the Czech Republic within a PR campaign for the construction of a high-speed rail network in the country.
Prague City Hall to dim streetlights in some areas within cost-cutting measures
Prague City Hall has announced plans to reduce electricity costs by dimming streetlights in some parts of the capital.
Thirty years later, was voucher privatisation a good decision?
The government scheme made it possible for any Czech adult citizen to buy a “voucher book” that contained shares in a range of state enterprises. But was it fair?
Rising interest rates deterring Czechs from taking mortgages
Czech banks and building societies provided new mortgages to the tune of CZK 17.5 billion in April, a fall of 40 percent on March and of 60 percent on April 2021.
Ukrainian-Czech Chamber of Commerce head: Ukrainian economy must not go bankrupt
This week saw the creation of the Ukrainian-Czech Chamber of Commerce. It's president, Petr Krogman, says that it is vital for Europe to keep the Ukrainian economy afloat.
Czechia’s new central bank chief says it will take two years for inflation to return to normal
Aleš Michl was named the new head of the Czech National Bank by President Miloš Zeman on Wednesday.
Interest in gold shoots up in Czech Republic
Interest in gold has skyrocketed in the Czech Republic this year, the business daily Hospodářské noviny reported on Tuesday, saying this reflected a worldwide trend.
Fitch move sparks fears of painful cut in Czech credit rating
Credit rating agency Fitch has downgraded its outlook for the Czech economy from stable to negative. This has sparked fears it could also cut the country’s credit rating.
Economist: Domestic trends also to blame for Czechia’s high inflation rate
The Czech National Bank (ČNB) has chosen to raise interest rates by 0.75 percentage points to 5.75 percent, the highest rate since 1999.
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