Business
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Czech economic highlights of a probably overheated 2017
A booming economy on the back of higher wages, more people in jobs, and strong exports – fuelled largely by the auto sector - and hardly dimmed by the end of the low crown…
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Retailers gearing up for record sales
As Czechs hit the shops with a vengeance for the traditional post-Christmas and New Year sales, retailers are expecting record profits. But consumer protection experts…
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Fast payments promise from Czech banks
The Czech central bank and leading retail banks have agreed to introduce almost immediate inter-bank payments by the end of 2018. While many of the technical questions…
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Fresh move to overturn compulsory closure of large stores on holidays
A law passed last year forces large stores in the Czech Republic to shut their doors on seven state holidays every year, including at Christmas. However, the issue is now…
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First Czech flat bought for cryptocurrency
A Czech company has sold the first apartment in the Czech Republic using bitcoin currency, the daily Hospodářské noviny reported on Thursday. The apartment in Prague’s…
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Czech shopping spree hits peak with billion in sales in single day
The Christmas shopping spree in the Czech Republic hit its peak on Monday, December 11, with Czechs spending more than one billion crowns in e-shops in a single day, the…
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Lawmakers pass draft state budget for 2018
Lawmakers in the Chamber of Deputies passed the state budget for 2018 on Tuesday, approving last-minute additions including more funds for social services, farming and…
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PM unveils plans for new government quarter on outskirts of Prague
Prime Minister Andrej Babiš has unveiled plans for a new government quarter to be created on the outskirts of Prague which would bring together over eleven thousand public…
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No island of misfit toys: Czech Republic is EU’s top toy exporter to non-EU countries
According to the statistics office Eurostat, the Czech Republic is the biggest exporter of toys to non-EU states from the entire EU. In its report, Eurostat confirmed that…
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ČEZ cleared to sell Varna power plant in Bulgaria
The Bulgarian antitrust authority has allowed local transport company SIGDA to buy the Bulgarian black coal power plant in Varna from the Czech power company ČEZ.
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Eurostat: Czech Republic sixth among EU countries in ski and snowboard exports
Last year, more than 7.3 million pairs of skis and snowboards were exported by European Union member states, according to the EU’s statistical office, Eurostat. Some 60…
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Škoda Auto to import cars from Russia to meet demand in Europe
The carmaker Škoda Auto is continuing to set sales records and in order to meet high demand is planning to import some vehicles from Russia, Hospodářské noviny reported…
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