Business
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Tax bill to impact budgets of public broadcasters
A government VAT bill will lead to Czech Television and Czech Radio losing a significant chunk of their annual budgets. However, the Ministry of Finance says the amendment…
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Czech restaurants and pubs facing serious shortage of workers
Czech restaurant and hotel owners are struggling with a major shortage of skilled workers, the daily Hospodářské noviny reported on Wednesday. With the tight labour market…
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Czech Consulate in Lvov improves visa system after allegations of corruption
In response to numerous complaints with regard to abuse of the Czech visa system in Ukraine, the Czech consulate in Lvov has moved to simplify and speed up the process…
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Czech central bank to set stricter conditions for extending mortgages
The Czech National Bank is due on Tuesday to recommend stricter lending conditions over rising concerns that a potential shock to the economy could lead to widespread…
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Authorities shut “mothership” of shady Prague exchange offices
A downtown Prague exchange office that offered very low rates to visitors has just been shut down and ordered to pay a stiff fine. While some will welcome the closure of…
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Internet banking in Czech Republic on the rise
The number of Czechs using internet banking has steeply increased over the past ten years. While in 2008, only about 12 percent of Czechs made their payments via the…
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Over one million tourists used Airbnb to visit Czechia in 2017
More than one million tourists who visited the Czech Republic last year were accommodated via Airbnb, which is an increase by over 50 percent on the previous year. The…
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Ministry aggro over Kaufland’s 1-crown milk offer sparks pricing investigation
The Ministry of Agriculture is taking unprecedented action against a supermarket chain over a promotional campaign. The ministry objects to German retailer Kaufland having…
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Czech bank governor talks up earlier interest rate rises
Czech central bank governor Jiří Rusnok has hinted that an interest rate rise could be coming sooner than expected amid an unexpectedly feeble crown and soaring local…
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Leading business daily: Mortgages likely to become less accessible
According to the news site ihned.cz, the Czech National Bank is about to tighten lending policies on mortgages. According to the news site, a number of Czech banks…
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Czech government seeks power to set quotas for foreign workers by decree
The Czech government wants to gain full control over the number of work permits issued to foreigners. At its regular meeting on Wednesday, the cabinet is expected to…
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Czech Kiwi widens travel offer with airport connections
Czech flight search company Kiwi, one of the biggest air-ticket sellers on the European market, is broadening its business model, the daily e15 reported on Friday. From…
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