Business
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Press: R2G buys five-star Hotel InterContinental Prague for CZK 5bn
The investment group R2G co-founded by Czech billionaire Oldřich Šlemr and the owners of the Avast software company has reportedly bought the luxury Hotel InterContinental…
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Czechs top toy exporters in Europe, thanks to LEGO
The Czech Republic is Europe’s top toy distributor, exporting more than 50 billion crowns now annually, according to a new study by UniCredit bank. LEGO, Playmobil and…
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Almost one-third of outdoor carp stands to face inspection
Inspectors from the State Veterinary Authority are planning to carry out checks on around 30 percent of stands stalls selling carp, the fish that most Czechs eat for…
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Record amount of timber felled in Šumava National Park this year
More than 250,000 cubic metres of timber was felled in the Šumava National Park in the south-west of the country this year, which is an increase by nearly 100 percent…
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Škoda Auto defends title of Czech Exporter of the Year
This year’s title Exporter of the Year award has again been claimed by the country’s largest automobile manufacturer Škoda Auto. The award for greatest export growth was…
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New metro line contracts under scrutiny as City Hall changes leadership
Plans for constructing a fourth metro line in the Czech capital are nearly as old as Prague’s first metro station. Yet they have proceeded at a snail’s pace, with multiple…
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Škoda Auto launches CZK 750 mn programme for betterment of Mladá Boleslav
Czech carmaker Škoda Auto has established a 30 million euro (750 million crown) endowment fund with the aim of making the seat of its corporate headquarters in central…
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All aboard! Rail operators struggling to fill train driver positions
Czech rail operators are struggling to find new train drivers. Many are nearing retirement age and not enough young people are entering the profession, the news site…
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Prague Airport clears record number of passengers
The number of passengers going through Prague’s Václav Havel Airport exceeded 16 million this year, setting a new record in the airport’s history. According to a press…
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How would a “hard” Brexit impact the Czech Republic?
As the deadline date for Brexit looms ever closer, Czechs are asking themselves what the economic impact of a “hard” Brexit would be. A report published by Česká…
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Upcoming film on Václav Havel receives CZK 14.5 million in state funding
The Czech Film Fund will spend CZK 64 million on supporting eight upcoming feature films. The largest amount, some CZK 14.5 million, will help fund an upcoming…
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Supermarket chains helping Czech food exports
Czech food export levels reached nearly CZK 18 billion last year, more than double the amount sold abroad in 2010. The steady growth is largely thanks to the international…
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