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Business round-up this week: Central bank could maintain weak crown policy
longer; New record for Czech car industry with million output; Government
signs contract with GE; Lower house moves to extend diesel tax rebate.
Prague is the 20th most visited city in the world, according to the 2016 Global Destination Cities Index by Mastercard, falling one place from the previous index.
The history of Nový Bor in North Bohemia- is indelibly linked with the art
of glass-making. The tradition of glass making in the region goes back more
than seven hundred years. Thanks to abundant stocks of wood –used as both
fuel and raw material -and crushed quartz used in the melting of glass, ...
Investment in Russia by Czech spark plug producer Brisk Tábor has been
highlighted as one particular bright spot in problematic Czech-Russian
trade and investment relations.
US manufacturing giant General Electric has signed an agreement to design
and build a new generation of turbojet aircraft engines in the Czech
Apart from the 500 new jobs that are promised, Czech politicians have
highlighted the deal as an indicator of where the country wants to be with...
A new record has been set in the Czech car industry: one million vehicles
produced in the first nine months. It is the first time that the mark was
surpassed in Q3, a rise of 7.3 percent in production over the same period
Record low interest rates have led to a mortgage boom in the Czech Republic
that is driving up housing prices. According to the central bank housing
prices in Prague and other big cities are now five to ten percent inflated
and the rush to invest in property is leading people to borrow more ...
For almost three years the country’s central bank has been intervening on
the currency markets to keep the Czech crown weak. The Czech National Bank
has signalled that it will end that policy quite soon. But what will happen
next? One former deputy governor of the CNB believes the Czech ...
About 700 job seekers turned out Oct 15 for the Jobspin.cz Job Fair powered by Prague.TV to meet with more than a dozen potential employers looking for people with language skills. The next edition of the fair will be held in April 2017, again on the campus of Anglo-American University (AAU).
Business round-up this week: Government approves CETA agreement between EU
and Canada; Škoda records best ever monthly worldwide sales in September;
Solana Neratovice tops Czech polluters ranking; Budget Committee approves
state budget proposal.
The Czech minister of justice is putting forward a new amendment to the
bankruptcy law aimed at helping people to climb out of debt and make a
fresh start. The legislation would make it easier for them to enter the
debt relief process – and could mean they will be free of debt more
quickly than ...
The head of the state body tasked with keeping emergency reserves, the
Administration for State Reserves, confirmed on Thursday the first arrival
of a shipment of Czech fuel from Germany. Czech fuel had been kept at a
storage site owned by Viktoriagruppe which later declared insolvency. The
A fall in the number of public contracts is seen as the main reason for an
11 percent decline in revenues in the Czech construction industry in the
first eight months of this year, iHned.cz reported on Wednesday. However,
building companies say they expect to see growth again in 2017, the ...
The days of one company producing licence plates for motorists in the Czech
Republic are, in all likelihood, at and end, news site Lidovky.cz reported
on Tuesday (the online version of Lidové noviny). Since the 1990s, the
site reports, license plates (informally referred to as espézetky in
Unemployment in the Czech Republic has been falling more or less steadily
since January and reached a fresh low of 5.2 percent in September,
according to freshly released data from the Office of Labour. Meanwhile,
the figures for those out of work (almost 380,000) and for jobs offered
(just over ...
In Business News this week: Czech National Bank makes second highest
monthly forex intervention in August; Two ČEZ managers accused of
licensing fraud; Grandi Stazioni loses lease of Main Railway Station in
Prague; Transport of crude oil reserves from Germany may be at risk; Škoda
Auto to extend ...
The Italian company Grandi Stazioni has lost its 30-year lease of the Main
Railway Station in Prague, after failing to complete a renovation of the
historical part of the building by October 2016. Czech Railways
Administration says the deadline can no longer be extended, but the Italian
firm is ...
The Czech Republic is likely to face a shortage of pilots in the near
future, the daily Hospodářské noviny warned on Thursday. Dozens of
pilots have been switching to Arab and East Asian carriers, who pay them
more than local carriers, and there are no young pilots to fill the
In 2007 when businesses were closing down as a result of the global crisis,
Leon Jakimič founded his lighting installations and glass artworks company
Lasvit. Today it is one of the world leaders in its field, with offices in
New York, London, Paris, Milan, Dubai and many other cities. Mr. ...
Swiss-made Curaprox toothbrushes have acquired a cult status among Czech
consumers. The sales from the company’s Czech branch have more than
doubled since 2012, the news site Aktualne.cz reported, citing the Swiss
producer’s website. Overall use of toothbrushes has increased as well, up
by just a...