Business
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More contactless, less cash on delivery: Crisis impacting Czech payment methods, report shows
Czechs’ payments methods have been affected by the coronavirus crisis, with people increasingly preferring to use bank cards when making online purchases, rather than…
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Czech state to provide loan for nuclear unit due to launch in 2037
The Czech state will provide a loan to CEZ to build a new unit at the Dukovany nuclear power station, government leaders have announced. The state should contribute around…
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Finance Ministry plans to hike cigarette taxes, revamp popular meal vouchers (stravenky) benefit…
The excise tax on tobacco and cigarettes should grow by about 5 percent a year between 2021 and 2023. At the same time, a so-called meal voucher package will be introduced…
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Various initiatives seek to support Czech book market recovering from coronavirus lockdown
A variety of public and private projects have sprung up in order to help the Czech book market, heavily impacted by the coronavirus pandemic, get back on its feet. Among…
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Jan Švejnar: Big question is can government deliver smart quarantine if new wave of pandemic hits
The Czech government’s willingness to tackle the economic impacts of the coronavirus crisis is impressive, but it must do far better when it comes to actually delivering…
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TPCA latest automaker to resume production in Czech Republic
After a shutdown lasting more than two months, carmaker Toyota Peugeot Citroën Automobile (TPCA) relaunched operations at its plant in the Central Bohemian town of Kolín…
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“Having 10 percent of guests does not even cover running costs” – Czech hotels face year of low…
Hotels in the Czech Republic are allowed to reopen this Monday as part of the final wave of easing of coronavirus lockdown measures on businesses. However, with travel…
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Foreign Minister Petříček aiming to resume trade missions as soon as possible
The coronavirus crisis will hit the global economy hard and the Czech Republic which is strongly dependent on export, fears repercussions from a drop in demand. At a…
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EC warns Czech Republic about growing regional disparities post-coronavirus
The EC has issued a set of country-specific recommendations for EU member states aimed at speeding up the recovery of the European economy and mitigating the impacts of…
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Prague City Tourism shifts the focus to domestic tourists
At the start of the year Prague was gearing up for another record tourist season, but as the coronavirus pandemic hit, the city’s tourist figures plummeted. Cancelled…
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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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