Business
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TPCA latest automaker to resume production in Czech Republic
After a shutdown lasting more than two months, carmaker Toyota Peugeot Citroën Automobile (TPCA) relaunched operations at its plant in the Central Bohemian town of Kolín…
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“Having 10 percent of guests does not even cover running costs” – Czech hotels face year of low…
Hotels in the Czech Republic are allowed to reopen this Monday as part of the final wave of easing of coronavirus lockdown measures on businesses. However, with travel…
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Foreign Minister Petříček aiming to resume trade missions as soon as possible
The coronavirus crisis will hit the global economy hard and the Czech Republic which is strongly dependent on export, fears repercussions from a drop in demand. At a…
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EC warns Czech Republic about growing regional disparities post-coronavirus
The EC has issued a set of country-specific recommendations for EU member states aimed at speeding up the recovery of the European economy and mitigating the impacts of…
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Prague City Tourism shifts the focus to domestic tourists
At the start of the year Prague was gearing up for another record tourist season, but as the coronavirus pandemic hit, the city’s tourist figures plummeted. Cancelled…
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State to help cover rents of companies hit by coronavirus crisis
The Czech government has this week approved a new scheme under which the state will help companies struggling due to the coronavirus crisis to pay their rent. The…
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Czech car production plunges by nearly 90 percent in April
Production of passenger cars in the Czech Republic dropped by a record 88.5 percent year-on-year in April to 14,589 units, the Czech Automobile Industry Association…
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State mulls Smartwings purchase but firm’s importance questioned
The state could buy the Czech airline Smartwings, the minister of industry and trade revealed at the weekend. However, the suggestion has raised eyebrows, with critics…
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Czech Mint printing Florence Nightingale coins as “thank you” gift for people on the frontlines of…
“An exceptional gift for exceptional people” –that is how Czech Mint describes a new issue of coins which are to serve as a thank-you gift to those who fought on the front…
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iRozhlas: Landlords abandoning Airbnb as service faces closer oversight
Many landlords in Prague have switched from offering Airbnb type services since the advent of the coronavirus crisis. At the same time, the state is planning to implement…
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Study: working from home has reduced employees’ productivity by 30 percent
The temporary shift to home office due to restrictions related to the coronavirus outbreak has significantly reduced employees’ productivity. A study carried out by the…
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Czech billionaire buys stake in iconic U.S. department store Macy’s
Czech billionaire Daniel Křetínský has bought a stake in Macy’s, one of the oldest U.S. department stores, taking advantage of a share price-drop spurred by uncertainty…
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