Business
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Czechs increasingly fond of energy drinks
The sales of energy drinks in the Czech Republic have been booming in recent years. In 2018, the market with energy drinks increased by 2.4 billion crowns, the website…
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Czechs renting homes spend more than homeowners
Czechs living in rented homes spend more than homeowners, according to a study by the Partners consulting agency, presented on Wednesday. On average, Czechs renting a home…
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Plant-based “meat” going strong, but not everyone is cheering
Plant-based “meat” is gaining popularity the world over and it is not just vegetarians who are jumping on the bandwagon. Chicken strips, patties, burgers or sausages made…
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Number of projects negotiated by CzechInvest down by two fifths in 2018
The number of investments concluded by CzechInvest dropped significantly last year. The government agency for attracting investments helped to secure over 80 investment…
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CBA analysis: Czech housing prices may have peaked, but not in central Prague
A study published by the Czech Banking Association predicts housing prices will decrease slightly in the coming years, mainly in municipal districts where more apartment…
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Billion-dollar factory opens in Žatec as Nexen Tire launches production in Europe
Business and government representatives gathered near the western Bohemian town of Žatec on Wednesday to attend the official opening of a new Nexen Tire plant. The factory…
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Vast majority of Czech consumers want better quality food, survey shows
The vast majority of Czech consumers, some 97 percent, want tougher quality parameters on foodstuffs sold in the country, according to a June survey whose results were…
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Trust in Czech economy grew in August, survey shows
Trust in the Czech economy experienced a slight increase in August according to the results of a monthly survey conducted by the Czech Statistics Office released on Monday…
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Tatra trucks to supply Czech army with 71 vehicles in CZK 500 million deal
Vehicle manufacturer Tatra Truck has signed a CZK 557 million contract with the Czech Army, according to which it will supply 71 transport vehicles in the coming years…
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Czech government plans major revision of visa schemes, annual quotas for foreign workers
Faced by an acute labour shortage, the Czech government is looking to attract more foreign workers and streamline the processing of issuing work permits. In recent years…
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Czechs borrowing more, missing payments less
The total debt of Czech sat the end of June reached 2.38 trillion crowns, an increase of 6.7 percent in annual terms, according to the Banking and Non-Banking Client…
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Czech University of Life Sciences warns of dire economic costs of prolonged drought
Another long-term drought could cost the Czech economy up to 80 billion crowns, equivalent to a drop of 1.6 percentage points in GDP, according to a new study. Researchers…
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