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In Business News this week: Change of hands looms for Prague’s tallest
office bloc; Dubai company launches arbitration over payments for Prague
plots; Czech total of unpumped EU funds shrinks to 6.8 billion crowns;
Czech Republic ranks 26th on BDO’s investment potential list; ČEZ
applies for EIA ...
The state-owned Budějovický Budvar brewery in South Bohemia sold a record
amount of beer last year, in fact, the largest amount in its history. At
the same time, the brewery reached its production and logistics limit.
The small town of Studénka is just about to mark the first anniversary of
its second rail tragedy in a decade. There are plans to do away with the
level crossing where three people died when a high-speed train collided
with a truck there last year. Meanwhile, two dozen rail crossings around
Average mortgage rates in the Czech Republic reached a record low in June
and analysts are already predicting an all-time low rate for the whole of
2016. Average monthly repayments have also hit a fresh minimum, falling
below CZK 5,000 for the first time.
A recent survey conducted by CDK Global (NASDAQ: CDK), the largest global provider of integrated information technology and digital marketing solutions to the automotive retail industry, and Ipsos found that 60% of Czechs view the opportunity to work abroad favorably when considering a job or ...
Nearly 70 percent of Czechs consider it normal to have a loan, according to
a survey conducted by the market research firm GfK. According to the
survey, carried out among 900 respondents, some 35 percent of Czechs have
some kind of ongoing loan and 31 percent of those asked said they ...
A new battle over drugs and health spending appears to be brewing with the
Ministry of Health pushing for a lower limit to the ceiling that
should pay for prescription medicines. And there is some backing for a
limit also to be put on the drugs bills for families with children.
Czechs are increasingly interested in buying a chata or a chalupa, a cabin
or a cottage, in the countryside. According to the daily Lidové Noviny,
the sale of summer houses has increased on average by 40 percent this year
compared to the previous year.
In this week’s Business News: Brexit is Czech business opportunity says
top government official; foreign workers on the rise; ČEZ starts fresh
arbitration proceedings in Balkans; inflation remains at low levels; and
single payment site costs billions without result.
Nuclear power means nuclear waste and the Czech Republic, like many other
European countries, is faced with the headache of where to store the waste
long term. A shortlist of seven locations for geological tests for suitable
deep storage resulted in howls of protest from most of the citizens ...
The Czech Ministry of Agriculture has highlighted the plight of Czech egg
producers faced with increased imports of cheap foreign imports with the
importers accused of sometime breaking the rules.
In what looks like one of the biggest deals of the year, two originally
Czech computer antivirus security companies have announced they are getting
together with the likelihood of putting Prague and the Czech Republic
permanently on the map as the home of one of the world’s leaders in the
Filmmakers are expected to pump around CZK 5 billion into the Czech economy
this year. A large share of that sum will be spent by the makers of epic
historical serials, while stars such as Robert De Niro, Al Pacino and Shia
LaBeouf are also slated to shoot here during 2016, the daily ...
The introduction of a new regulation last year, which approved the return
of motor vessels to most of the country’s rivers and reservoirs,
considerably increased water traffic and boosted tourism along the Czech
Republic’s rivers and dams. But the death of an 18-year-old girl, who was
The Czech government on Monday approved the prolongation of a contract with
the Austrian company Kapsch to operate a controversial nationwide truck
tolling system for another three years. The transport ministry’s failure
to select a new operator and the ministry’s intention to prolong ...
The Ministry of Environment has launched a new programme to deal with
drought, which threatens to become a more regular feature in the future. On
Tuesday, Environment Minister Richard Brabec promised to earmark 300
million crowns in subsidies to help municipalities find new sources of
Královské (Royal) Cookie is a shop on Prague’s Vinohradská St. with a
number of regal connections. The district has traditionally been known as
Royal Vinohrady and, says UK-born co-owner Steve Gray, there is also a link
between the business and the Queen of England. Gray runs Královské Cookie
Women make up 44 percent of the country’s workforce but the vast majority
still earn significantly less than men holding similar positions. Surveys
indicate that the wage gap is seven thousand crowns a month on average in
the private sector and five thousand in the public sphere. The Ministry ...
Despite swallowing up an enormous sum, an ambitious project to create a
unified system for collecting taxes and other state contributions has never
been anywhere near completion, according to the Supreme Audit Office.
Politicians have been blaming one another for the failure.
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