Business
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Bureaucracy to blame for rise in Prague house prices, claims study
Czech economic research institute CETA (Centrum ekonomických a tržních analýz) published a study focused on the residential housing market in Prague on Friday, which…
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Czech app matches repairmen with customers – and seeks to boost durability
Opravárna is a new Czech app, which matches handymen to repair requests sent from across the country. The app has been quick to catch on and currently has nearly a…
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Czech National Bank holds countercyclical buffer rate at 1.5 pct
The Czech National Bank (ČNB) said on Friday it had maintained its extra countercyclical capital buffer for banks at 1.50 percent following a series of increases aimed at…
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Online grocer Rohlik pledges to cut down single use plastics by end of year
Czech online grocer Rohlik.cz has made a pledge to get rid of all single-use plastics by the end of the year. The shop has also introduced a filter option which allows its…
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Rusnok: Interest rates could go up before the end of 2018
The Czech National Bank could raise its interest rates twice by the end of the year, said the bank’s governor, Jiří Rusnok, in an interview with Reuters. The bank’s…
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Price of beer to go up
Czechs will soon have to fork out more for the nation’s most popular alcoholic beverage. Large breweries have announces a rise in beer prices as of October and others are…
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Czech health unions insist on 10-percent blanket pay rise
The Czech Republic’s trade unions in health care are set to hold talks with the health minister this week. They have rejected his offer of a five-percent pay rise and…
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Thomas Archer Bata: My childhood holidays were to shoe factories
Thomas Archer Bata is in charge of global marketing for the Bata shoe company, which has more than 5,000 stores in over 70 countries all around the globe. He is the only…
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Study: state pays for people with ‘unfinished’ education
Secondary-school graduates in the Czech Republic earn about one third more during their lifetimes than do graduates of vocational schools and about 60 percent more than…
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Average Czech monthly wage up by 8.6 percent in second quarter
Average monthly salaries in the Czech Republic grew by 8.6 percent year-on-year in the second quarter of this year, according to figures released this week by the Czech…
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Prague 1 fights back against Airbnb-type services
Prague is one of the most popular tourist destinations in Europe. However, though visitor numbers are rising, the occupancy rate of the city’s hotels in July fell by over…
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Around 1,000 Czech bridges to undergo safety inspections
All Czech road and rail bridges dating from the 1960s to the 1980s are to undergo safety checks. Around 1,000 bridges are set for inspection by the relevant authorities…
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