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Daily news summary
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When you can’t get the drugs
In developed countries, such as the Czech Republic, medicinal drugs are often taken for granted by the patients who need them. But those drugs are also a big money product…
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Škoda Auto offers new versions with SUV models on the horizon
Škoda Auto has shown off new versions of its Superb models in a bid to boost ebbing sales of the top of the range model. Overall sales are still strong but a drop off in…
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Immigrant crisis sparks some rifts within Czech political parties
While the immigrant crisis has opened up a wide rift between the Czech Republic and other Central European states on one side and the traditional EU agenda setters in…
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Zuno Bank reported to be heading into hands of Russian oligarch
According to some Czech reports, the deal selling small Czech and Slovak bank Zuno Bank to the second richest Russian oligarch just needs to be inked. Michail Fridman…
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Czech industry urged to prepare for fourth industrial revolution
The Czech Republic’s flagship Brno international engineering fair starts next Monday. And this year there is a special exhibition devoted to what many are describing as…
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Major Chinese player CEFC fills up basket in Czech Republic
The favourite destination for Chinese shoppers in Europe is usually Paris, but the private investment group CEFC has been on a veritable spending spree in Prague and the…
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China’s CEFC signals Czech expansion ambitions
One of China biggest private corporations, CEFC China Energy, has underlined its Czech ambitions with two major real estate deals and the planned acquisition of almost a…
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Can Czechs tap into Chinese market?
China, in the words of Napoleon, was a sleeping giant. But as the recent stock exchange crisis showed, the world’s second biggest economy can now make everyone wake up and…
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Plans to exploit Czech uranium mine slag heap sparks furore
Slag heaps of broken rocks and stone are the clearest legacy of the uranium mining boom in the Czech Republic. But one company’s plans to get rid of some of the unsightly…
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