Business
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Czech mortgage market enjoys marked growth
The Czech mortgage market expanded by no less than 38 percent in 2020. Banks provided around CZK 250 billion in mortgage loans last year, which was a new record.
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Ikea records strong sales despite Covid-19 pandemic
Despite the Covid-19 pandemic, Czech sales of Swedish furniture giant Ikea have remained strong.
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Prague Metro marks 55 years since construction began
This week marks exactly 55 years since the construction of Prague’s Metro began, although at the time, the plan envisaged just building a tunnel for an underground tramway.
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Economist: despite record 2020 deficit, Czech outlook rosier than most in coming years
Prior to the Covid-19 pandemic, the Czech economy was almost enjoying greater economic growth than most of its EU peers. What is the outlook for 2021 and beyond?
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Czech firm first in world to sell medical devices containing CBD
Czech company CB21 Pharma has announced a major breakthrough. It is the first in the world to be able to produce and sell final medical devices containing CBD.
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Petřín cable car set for major overhaul
The cable car at Prague’s Petřín is set to get new wagons while its track will be completely replaced, officials said on Tuesday.
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Eurostat: Czech households spend record-high sums on alcohol
Czech households spent a record high sum on alcohol in 2019, over CZK 90 billion, suggest newly released data by the European statistical office, Eurostat.
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Czech art auction market scores record success despite Covid-19
Despite the disappointing figures from the spring auction season, the anti-coronavirus measures did not affect the Czech Republic’s art market as much as experts predicted.
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Number of Czechs watching TV on mobiles doubles
The number of Czechs watching TV shows on their mobile devices has doubled in the last year and today stands at around 6 percent.
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Alcohol sales in Czech Republic down 38 percent due to closures
The repeated closure of hotels and restaurants due to anti-coronavirus measures, along with the absence of foreign tourists, led to a steep drop in sales.
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Huge passenger falloff means major losses for Czech Railways
Czech Railways says its losses this year could reach CZK 5 billion. The estimated losses have been deepened by the second coronavirus wave in the second half of 2020.
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Pension reform envisages CZK 10,000 basic pension plus bonus for raising children
The Labour and Social Affairs Ministry has presented a pension reform proposal, which envisages a basic pension of CZK 10,000 for everyone who has worked for 25 years.
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