Business
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New agriculture minister to curb promo discount sales at big retailers
The newly-appointed agriculture minister, Miroslav Toman, has said he will move to regulate the number of promotional campaigns in supermarket chains. The announcement…
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Poldi steelworks auctioned off for second time
The bankrupt Poldi Steelworks was auctioned off for a second time on Wednesday, to an anonymous bidder for 251 million crowns (nearly 10 million euros). The minimum bid…
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Developer UDI Group plans Prague Stock Exchange listing in October
UDI Group plans to list shares this autumn on the Prague Stock Exchange’s new Start market which aims to encourage investment in small and mid-sized companies. In October…
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ČEZ reshuffles supervisory board in political power play, pays out ‘disappointing’ dividend
The annual general meeting of state-controlled power producer ČEZ proved to be a contentious one, lasting a record 14 hours and into the wee hours of Saturday. In the end…
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Czech mushroom harvest worth 4.6 billion crowns in 2017
Czechs collected more than 6.6 billion crowns worth of mushrooms and fruits in the country’s forests in 2017. In all, people picked 41,300 tonnes, which is 1.5 billion…
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Retailers promise halt of caged hen eggs following shocking video
Major supermarket chains Lidl and Globus this week made a breakthrough announcement this week, pledging to gradually phase out the sale of eggs from caged hens in their…
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Škoda Transportation to provide 80 trams to Germany
Czech company Škoda Transporation has won a tender to supply 80 trams to the German public transport company Rhein-Necker-Verkehr (RNV), which operates public transport in…
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Mortgage rate stagnates as market cools
Average mortgage rates in the Czech Republic ceased climbing in May on the back of banks’ springtime campaigns to attract new clients. Meanwhile the overall number of…
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Czech company to produce biofuels from waste cooking oil
The Czech company Chemoprojekt, based in Ústí nad Labem in north Bohemia, is set to launch production of biodiesel made from waste frying oil, the daily Hospodářské noviny…
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New boss tasked with overhauling struggling Czech Post
Czech Post has a new director general. Freshly-installed chief Roman Knap has been tasked with cutting costs but also raising salaries at the beleaguered postal service…
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Prague Castle festival offers best of craft beer
Prague Castle is hosting a two-day festival of mini breweries. The annual event, which kicks off on Friday afternoon, will offer the cream-of-the-crop of Bohemian and…
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Petrof Piano maker records highest sales in nine years
The world-renowned Czech piano maker Petrof last year recorded a turnover to the tune of 245 million crowns, which is an increase by nine percent on the previous year.
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