Business
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Czechs increasingly dependent on vegetable imports
Vegetable imports to the Czech Republic continue to grow, the Czech News Agency reported this week. According to data from the Czech Statistics Office, the foreign…
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PM determined to keep lithium mining in state hands, as EMH starts exploratory drilling
The Australian-based mining company European Metals Holdings is continuing with preparations for lithium mining in the Czech Republic, despite the fact that the Czech…
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Housing in Czechia least affordable in Europe
The availability of housing in the Czech Republic is the worst in Europe, with a new flat amounting to 11.3 multiple of an average annual income, suggests a study carried…
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Czech Republic to apply “reverse charge” VAT mechanism as broadly as possible
The European Council on Tuesday approved a proposal that will allow EU member states that have a problem with carousel tax fraud to apply a generalized reversal of VAT…
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Škoda boss unveils new SUV – Kodiaq RS
Just before the start of the 2018 Paris Motor Show, Czech automobile manufacturer Škoda revealed its new SUV model - Škoda Kodiaq RS. Speaking at the preview event in…
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Chamber questions need for new debt relief proposals
Statistics show that close to one in ten adults face financial execution. Against this backdrop, MPs are set to debate amendments to the Insolvency Act which aim to make…
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Czech industrialists mapping out opportunities in UAE
As the United Arab Emirates continue to lower their country’s economic dependency on oil, new opportunities are on the rise. Czech companies, for whom the UAE are the…
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Czechs increasingly fond of foreign online-stores
Czech customers spent some 19.5 billion crowns on purchases from foreign e-shops and on online booking of air-tickets and accommodation in the first six months of 2018.
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Government pours more money into water-saving program
With the problem of persistent summer droughts gaining in intensity, the Environment Ministry has announced it will pour more money into a water tank rebates program…
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Illegal employment brokered via 'underground agencies' rising
The Czech economy is booming – and so is the informal, grey economy, with an estimated quarter of a million people working illegally, as employers turn to so-called “…
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Emperor Franz Josef still calling the shots at the Czech workplace
Czechs start work bright and early, more so than most other nations in Europe. According to a Microsoft survey just out, the majority of Czechs are at their workplace by 8…
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Government agrees next year’s budget
The 2019 draft budget is to focus on investment, increase of public sector salaries and the raising of pensioners’ living standards, Finance Minister Alena Schillerová…
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