Business
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Czechs start shopping for Christmas amid fears of rising prices and shortage of goods
Fears of rising prices and a shortage of goods caused by the global shipping crisis have prompted some Czechs to start shopping for Christmas earlier than usual.
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Winter is coming. With energy prices soaring, Czech regulators want proof suppliers are ready
Following the sudden collapse of the biggest Czech alternative energy supplier, the national Energy Regulatory Office is seeking assurances others can meet peoples’ needs.
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Bohemia Energy is bankrupt. Czechs needn’t worry about supplies, just soaring prices
Until it went bust, Bohemia Energy was the largest alternative energy supplier in Czechia, with nearly 1 million customers. “Suppliers of last resort” now must step up.
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Over 2,000 Czech children face property seizure over unpaid debts
More than 2,000 children in the Czech Republic are still threatened with a distraint order over unpaid debts.
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Prague starts free bike rental for prepaid transit card holders
Prague has launched a pilot project which enables residents to use shared bikes for free. All they need is an electronic prepaid fare for the Prague public transport.
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Czechia experiencing sharp rise in inflation, prices of food expected to rise
Inflation grew by 4.9 percent in September. Some foodstuff producers are now considering raising their prices by up to a tenth, the Czech News Agency reports.
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Experts warn long-government negotiations could impact Czech economy
With long and complicated post-election talks a possibility after the Czech elections, economists are warning this may cause problems for the country’s economic stability.
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Beer cans lead the way as breweries in Czechia announce good summer
According to numbers published by the Czech Breweries Association, this summer saw beer breweries fair well after low sales registered in the initial quarter of 2021.
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Prague issues first fine against Airbnb operator since court’s “accommodation services” ruling
This summer, Prague's municipal court ruled that short-term rentals via platforms like Airbnb and Booking.com must be registered and taxed as are “accommodation services” .
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Others set to follow as two Czech banks raise mortgage rates
Czech banks Česká spořitelna and ČSOB this week raised their mortgage rates and others look set to follow suit.
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Czech interest rate hike, biggest in 24 years, aims to tackle rising inflation
The Czech central bank has raised the key interest rate by 0.75 percentage points – the highest one-off rate huke since 1997. Inflation is now twice its target level.
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Czechia lacks around 14,000 IT specialists
The Czech Republic is currently lacking approximately 14,000 IT professionals, suggests a new survey, conducted by Coding Bootcamp Prague and Techloop.
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