Business
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Survey: Half of Czechs financially literate but over two-thirds financially responsible
The level of financial literacy of Czechs corresponds to the average of OECD countries and Czechs tend to be financially responsible, a study suggests.
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Despite crisis one in five Czech workers mull switching jobs
Despite the relative economic uncertainty sparked by the coronavirus crisis, Czechs are not necessarily holding on tooth and nail to their jobs, suggests a new study.
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Czechs growing increasingly fond of ‘panelak’ apartments
Czechs are growing increasingly fond of the Communist-era panelaky, or prefabricated panel houses, website Aktualne.cz reports.
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Many Czech breweries still struggling, despite popularity of golden brew
During the coronavirus crisis Czech breweries were forced to dispose of hundreds of thousands of hectolitres of unsold beer and even now the pace of recovery is slow.
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Hospodářské noviny: the surprisingly low unemployment rate may not last long
The decline in economic growth in the Czech Republic is accompanied by a surprising phenomenon – a low unemployment rate; however analysts predict it will not last long.
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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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