Business
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Czech engineering giant thrown lifeline by arms group founder
One of the Czech Republic’s biggest engineering groups appears to have been thrown a lifeline by one of the country’s main arms producers and sellers. Under the proposed…
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Uber agrees to operating licensed service in Czech Republic
The dispute between the app-based ride sharing service Uber and local taxi drivers may soon be over. Following a meeting with Uber representatives, Prime Minister Andrej…
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Czech average monthly wages pass 30,000 crown mark for first time
The average wage in the Czech Republic increased by 8.0 percent in the last quarter of 2017 compared to the same period in the previous year, according to the data…
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Thirty-six thousand e-shops: a little or a lot?
e-commerce has come a long way in the Czech Republic over the last decade and by estimates there are now some 36,000 online stores here. Over the years, services have…
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Škoda unions dismiss pay rise offer as derisive
Trade unions at the Czech Republic’s biggest exporter Škoda Auto have dismissed a pay rise offer put forward by management. Workers’ groups described the offer of a 4.3…
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Czech foreign owned companies take second biggest dividend yield in 2017:report
Foreign–based mother companies of some of the Czech Republic’s biggest firms last year claimed the second highest dividend yield from their local assets ever, according to…
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Controversial Russian gas pipeline makes Czech progress
One of the most controversial pieces of energy infrastructure in Europe, a new gas pipeline linking Russia and Germany, appears to be making progress in the Czech Republic…
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Czech Republic caught up in plastic waste disposal crisis in Europe
China’s ban on plastic waste imports has already impacted most European states and the Czech Republic is no exception. Plastic waste is ending up on waste dumps and an…
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Czech aerospace sector seeks take off in Canadian cooperation
Canada is a massive player on the world aviation and aerospace markets and a delegation made up of some of that country’s top company representatives are now in the Czech…
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Tesco to sell its Prague My store
The British supermarket chain Tesco is selling its department store My in the centre of Prague, the Czech News Agency reported this week. According to the consulting…
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Warsaw will not get Czech trams
Poland’s capital, Warsaw, will not get Czech trams as once expected. Originally, Škoda Transportation won a lucrative tender worth more than 16 billion crowns for some 213…
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Government moves to raise old age pensions
The government is delivering on its promise to raise pensions, approving a bill to the pensions’ law which would gradually increase all pensions, but would primarily help…
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