Business
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City of Prague plans to introduce annual transport pass on instalment basis
The City of Prague and the City’s Transport Authority are planning to introduce an annual pass that could be purchased on an instalment basis, in order to make it more…
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Study: No increase in Czech unemployment despite sharp rise in minimum wage
Raising the minimum wage tends to have a knock-on effect of higher unemployment. However, repeated increases in the minimum wage in the Czech Republic over the last few…
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Czechs dealing with unexpected fall-out of Russian crude oil supplies
The Czech Republic on Monday entered its fifth day without crude oil deliveries from Russia, suspended due to contamination. The oil-refinery in Litvínov which had…
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Czech bank to offer first-time buyers 90 percent mortgages
Česká spořitelna, the second biggest player on the Czech mortgage market, is planning to launch a special type of housing loan under which up to 90 percent of the value of…
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Dry weather boosts likelihood of more bark beetle devastation in 2019
The current dry weather in the Czech Republic is facilitating the reproduction of the bark beetle, which destroys spruce trees. Indeed, the voracious insect began swarming…
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Shoppers increasingly turning to organic foods
The Czech Ministry of Agriculture has just released data which shows the organic food market grew at an exceptionally high pace in 2017. However, the sector’s market size…
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Press: Government eyes far higher tax revenues from Google and Facebook
The Czech government aims to obtain much more revenue in taxation from the likes of Google and Facebook, Hospodářské noviny reported on Thursday. Under a planned new…
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Aktuálně: Bosses wary of firing intoxicated employees due to low unemployment levels
Historically low unemployment rates are having unusual side effects on the way companies treat their employees. News server Aktuálně reports that companies sometimes have…
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Record amount of Czech households increased their wealth, shows study
Nearly a third of Czech households saw their financial wealth grow last year, a study published by GfK reveals. The market researcher’s director, Tomáš Drtina, told…
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Funding for NGOs cut despite government’s declared fight against corruption
The Czech Ministry of the Interior has reduced by over one-quarter its funding for non-governmental organisations focused on preventing corruption. The money has been…
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Czech billionaire’s CPI sold CZK 14 bn in perpetual bonds a day before CZK 70 bn lawsuit filed in NY
Czech billionaire developer Radovan Vítek’s CPI Property Group completed the sale this week of 550 million euros (CZK 14 billion crowns) in 4.9% bonds, a day before a CZK…
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Highest year-on-year price growth since October 2012 recorded in March
Year-on-year growth in consumer prices accelerated to 3.0 percent in March, the Czech Statistics Office reported on Wednesday. It is the highest year-on-year price growth…
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