Business
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Czech accommodation facilities enjoyed record tourist numbers in 2017
Czech hotels, guesthouses and camp sites registered a record 20.1 million tourists last year, according to the Czech Statistics Office. The number of foreign visitors was…
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Healthy retail revenue rise seen in 2017 on back of consumer confidence
The Czech retail sector not including cars recorded a 5.6-percent year-on-year rise in revenues in 2017, according to official figures released this week. Internet and…
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Czech retail sector shops for new ideas
By some counts the Czech Republic has one of the highest proportions of supermarkets and superstore space per population in the whole of Europe. And while most of the…
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Record exports recorded for 2017 but imports grew faster
The Czech Republic registered a balance of trade surplus of CZK 152.6 billion last year, according to freshly released official data. While the figure was lower than that…
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Klára Skřivánková: In modern slavery the shackles are often in the mind
Klára Skřivánková is UK and Europe Programme Manager for Anti-Slavery International, which describes itself as the world’s oldest human rights organisation. Skřivánková is…
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Fathers now able to take one week of paid leave to be with their newborn
As of February 1, fathers in the Czech Republic can officially take a week of paid leave from work following the birth of their child. Until now, fathers had to take days…
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Czech central bank sees another rate rise amid strengthening crown
One rate rise down, probably one still to go this year. That is how Czech central bank governor Jiří Rusnok summed up the situation after the bank board took the largely…
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Press: CEZ execs favour splitting firm in two
Executives at the semi-state power giant CEZ want to divide the company in two, Hospodářské noviny reported on Thursday. The state would retain control over CEZ’s coal…
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Arguments re-erupt over Czech lithium reserves
Arguments about how to exploit a lucrative and strategic Czech raw material, lithium, have flared up again. Outgoing prime minister Andrej Babiš is demanding that a…
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New flat prices in Prague rise by almost 20 percent in 2017
The average price rise for new flat in the Czech capital Prague rose last year by around 19.1 percent to reach around 85,223 crowns per square metre, according to a group…
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Pink vs yellow: bike sharing firms gear up to battle for customers
Although winter months are still ahead, two bike sharing firms in the Czech capital are gearing up in the fight for customers. Home-grown firm Rekola, known for its pink…
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Road building slow with no acceleration likely, say Supreme Audit Office
Little headway has been made on road building in the Czech Republic in recent years and the situation is unlikely to improve soon, according to the Supreme Audit Office…
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