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Interview with Monika Hilm, director of Parkhotel Praha: The dimension of hotel business

Parkhotel was created in the 1960s. It was the first prestigious hotel in Prague. Recently, it has returned to its grounds by being newly renovated for international ... more >>

Business News 28.8.2015

In Business News this week: government to spend seven billion crowns on boosting Czechs’ digital literacy; Fortuna’s net profit drops by 47 percent; Czech fruit and ... more >>

Czech Republic is European ‘tiger’ economy with 4.4 percent growth

The Czech Republic has the fastest growing economy in Europe, according to revised growth estimates from the Czech Statistical office released on Friday. The revised ... more >>

LN: State fighting for CZK 240 billion in courts

The Czech state has been fighting for 240 billion crowns in over 8100 court disputes, daily Lidove noviny (LN) writes Thursday, citing the Office for Government ... more >>

Police launch pre-trial proceedings in Czech Post case

The police organised crime squad (UOOZ) launched Thursday the pre-trial proceedings in the case of the Ceska posta (CP) Czech state postal service provider, attorney... more >>

CRIF: Total value of loans up to CZK 1.75 trillion

The total value of loans registered by the Banking and Non-Banking Credit Register grew to CZK 1.75 trillion as of the end of Q2 2015. Out of the total, long-term ... more >>

Fortuna’s accepted bets up to EUR 411.9m in H1 2015

Fortuna Entertainment Group reported accepted bets totalling EUR 411.9m in H1 2015, up 23.6% y/y. Gross prizes grew 1.9% to EUR 67.1m. EBITDA decreased by 39.1% to ... more >>

Deal to keep last mine in Ostrava running until 2017 likely to expire soon

The Czech government and owners New World Resources are likely to have to renegotiate state support aimed at extending the life of the Paskov mine, one of the biggest ... more >>

KOH-I-NOOR HARDTMUTH to move production from China back to Czech Republic

The company KOH-I-NOOR HARDTMUTH leaves a production plant in Nanjing, China after 11 years and returns to the Czech Republic. The measure is caused by growing wage ... more >>

SFDI may be used for the financing of multiple projects

Czech government approved the proposed amendment to the act on the State Transport Infrastructure Fund (SFDI) on August 26, 2015. Minister of Transport Dan ok (ANO)... more >>

EPH takes big step forward in bid to become dominant Slovak electricity player

Czech privately held company Energetický a Průmyslový Holding (EPH) has become the favourite to become the biggest player in Slovakia’s electricity market after ... more >>

Czech companies make slow progress taking on board LGBT diversity

Business through diversity was the theme of a day long seminar accompanying the recent Prague Pride events. Basically, speakers argued that companies and institutions ... more >>