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11/26/2024
The US company Vista Outdoor will sell its sports equipment and weapons division Kinetic Group to Czechoslovak Group (CSG) of Czech entrepreneur Michal Strnad. The sale was approved by shareholders at Monday's general meeting, Vista said. According to earlier reports, the deal is worth $2.2 billion (roughly CZK 53 billion). Kinetic Group was formed in late 2023 by spinning off Vista Outdoor's Sporting Products division into a separate legal entity.
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11/26/2024
Wednesday should be cloudy to overcast with morning fog in places and daytime highs between 4 and 9 degrees Celsius.
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11/26/2024
A clean-up operation continues along a stretch of the Bílina River, where firefighting foam leaked into the water during a fire at the chemical plant in Litvínov on Saturday, killing dozens of fish. Water management said the contamination was not severe and measures are being taken to minimize the damage by increasing the flow rate of the river. No more dead fish have been recorded since the accident and signs of foam are seen only sporadically at weirs.
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11/26/2024
“Russia is escalating its offensive policy towards Ukraine and the Western world and building a coalition that includes Iran, China and North Korea,” Chief of the General Staff Karel Řehka said at the annual Commanders' Assembly on Tuesday. He said the war in Ukraine is a warning signal to all democratic nations to strengthen their defences and resilience. Řehka emphasized that the Czech army needs more professional soldiers and more active reserves, in order to better prepare for the new collective defence commitments. The army leadership is meeting to set the priorities for the development of the Czech army and the main tasks of the armed forces for the coming year.
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11/26/2024
The traditional Christmas tree lighting ceremony on Old Town Square will take place on Saturday evening, on the first weekend of Advent, Prague City Hall announced. The 20-metres tall spruce was erected on Monday night and will be decorated in yellow and red, the colours of Prague. A spokesperson for Prague City Hall said that, like last year, there will be a special light and audio show every half hour. The tree-lighting ceremony will also launch the city`s annual Christmas markets.
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11/26/2024
A bout of unseasonably warm weather broke temperature records in some part of the Czech Republic on Monday. Over a dozen monitoring stations of the Czech Hydrometeorological Institute registered new temperature records for November 25. The warmest was in Zlaté Hory in the Jesenice region, where the day’s high reached 18.6 degrees Celsius, meteorologists said on social media.
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11/26/2024
Patients with chronic pain will no longer have to rely solely on analgesics and opioids, they will be able to ask their GP to prescribe medicinal cannabis, the news site Novinky.cz reported citing sources at the Ministry of Health. In response to growing pressure from patients and doctors the ministry issued a decree, that will broaden the number of doctors who can prescribe cannabis so that it can reach more patients, the news site says. The new regulation should come into force on April 1, 2025. Petr Šonka, chairman of the Association of General Practitioners of the Czech Republic, has welcomed the move. He said that in view of the fact that GPs can prescribe opiates such as morphine, which is a much stronger pain killer, it makes no sense that they are not allowed to prescribe medical cannabis.
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11/25/2024
Mostly overcast and foggy, with clear skies in some eastern areas during the morning. Rain or showers expected across most regions from the west. High temperatures will range from 3°C to 8°C.
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11/25/2024
The New Green Savings (Nová zelená úsporám) program, aimed at improving building energy efficiency, will continue with a combination of advantageous loans and grants, Environment Minister Petr Hladík (Christian Democrats) announced. The approach mirrors the Oprav dům po babičce model, supporting renovations through subsidized loans and savings from reduced energy use.
Over its 15 years, the program has approved 412,000 applications worth over 91 billion CZK. Future updates will ensure accessibility for mid- and low-income households, allowing comprehensive renovations even without significant savings. Homeowners can receive grants covering up to 50% of costs, with bonuses for disadvantaged regions and energy-efficient new builds.
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11/25/2024
Improved economic confidence, highlighted in a survey by the Czech Statistical Office (ČSÚ), indicates a continued but moderate recovery in the Czech economy, analysts said. Confidence is at its highest level since mid-2022, though challenges persist in the industrial sector. Consumer confidence rose by 0.9 points to 101.6, reflecting cautious optimism despite inflation concerns. Business confidence increased by 1.3 points to 97.3, driven by growth in services but hindered by a 3.9-point decline in industrial confidence. Analysts warn that challenges in Czech industry are linked to Germany's struggles and potential trade barriers under the new U.S. administration. Annual GDP growth is forecast at 1%, below the economy’s potential.
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