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The Supreme Audit Office has uncovered inaccuracies amounting to over CZK
100 billion in the accounts of the Ministry of Finance for 2015. Officials
say that shortcomings in the ministry’s accounts could impact the
state’s final account and financial statements – and that the ministry
even mixed ...
Nirvana Systems is a company based in Přerov, the Czech Republic, which
for years has been building paramotors and kits and other gear for the
sport of PPG – powered paragliding. The company was founded by successful
pilot Pavel Březina and recently was involved in a major project which
ANO leader Andrej Babiš, who is widely expected to be the country‘s next
prime minister, has said he is opposed to the Czech Republic adopting the
euro and is against any further integration with the EU. Speaking in a
debate at Charles University, Finance Minister Babiš said he would ...
The biggest digital laboratory in the Czech Republic has just opened its
doors at the Jihomoravské inovační centrum (South Moravian Innovation
Centre, JIC) in Brno. Entrepreneurs and members of the public can sign up
to use 3D printers and other cutting-edge technologies at Fab Lab Brno.
Prague Mayor Adriana Krnáčová (ANO) wants to regulate short term rentals using services like Airbnb. She claims the city should resolve problems related to the service. Airbnb is an internet-based service that allows people to rent out their flats or spare rooms to tourists, who use the flats ...
Increasing wages, Prime Minister Bohuslav Sobotka has made clear, will be a
key campaign theme for his Social Democrats in what is an election year; on
Tuesday, he suggested with the mandate the government has left he will
boost pressure on foreign owners of Czech firms to increase wages. ...
Nearly 15 percent of Czechs switched to a different bank last year to avoid
paying high fees, the daily Hospodářské noviny reported this week.
According to a new survey carried out by STEM/MARK agency for one of the
country’s smaller banks, Air Bank, every seventh client swapped their
bank last ...
The Czech tourism sector has something to celebrate following the
announcement last week of record incoming visitors for 2016. But all is not
rosy in the sector with some arguing that more could be done to promote
tourism and others saying that established businesses playing by the rules
Odometer fraud continues to be a major problem for buyers of second-hand
cars in the Czech Republic. Past studies suggested that as many as 42
percent of vehicles sold, including imported cars, had seen their
tampered with. Findings suggested that cars with more than 100,000
The Czech Republic saw a record number of foreign tourists in 2016, with no
fewer than 31.1 million entering the country. That number represented a
rise of almost 12 percent on 2015. However, around three-fifths of visitors
did not spend the night.
Under new legislation Czech entrepreneurs and firms suspected of not paying
their taxes are liable to find their names on a tax authority blacklist.
Those given the “unreliable person” label may find it harder to do
business, iHned.cz reported.
The clock’s ticking down on the current coalition government, so there
was something of a celebratory air when one of its milestone pieces of
promised legislation got through the lower house of parliament relatively
unscathed. The construction law amendment was promised as a fundamental
It’s been a bit of a bumpy ride, but Czech exports to far away Australia
are booming with total export turnover having almost tripled in five years.
Australia has not been one of the biggest exports for Czech firms in the
past. Distance and the lack of many solid cultural and historical ...
The third JobSpin.cz Multilingual Job Fair Powered by Prague.TV took place last Saturday at Anglo-American University Prague. More than 700 people showed up wanting to discuss job opportunities. The candidates got on-point career consultations at 19 companies and organizations.
Tomatoes from the Netherlands, garlic from China, lettuce from Spain, and
apples from Italy. These are all examples of what is wrong in the Czech
agricultural sector according to the government and many farmers’
leaders. A strategy aimed at boosting domestic production and exports has
been put ...
Czech MPs have just passed a bill aimed at tightening conditions for
foreigners and curbing economic migration. The government argues that the
new rules are necessary for security reasons. But employers are struggling
to fill positions and fear the legislation may make things worse.
One of the biggest retail outlets to open in Prague in recent years has
been Hamleys, the first Central European branch of the famous UK toy shop.
Hamleys was brought to the city by entrepreneur Pavel Čmelík, who had
previously introduced other British brands, such as shirt- and suit-maker
Václav Havel airport in Prague is set to see major investments over the
next decade to accommodate the increasing number of passengers. According
to the vision for the future presented this week on the occasion of the
airport’s 80th anniversary, it expects passenger numbers to double within
The Czech crown is no longer subject to the central bank’s low crown
regime, or specifically the currency interventions that kept it at or below
27 crowns to the euro. But that does not mean a complete ‘hands off’
from the central bank. So if it’s not deliberately low, where will the
crown now go?
The aviation industry is one where the Czech Republic boasts a proud
tradition but a reduced and sometimes problematic recent past. Now it
appears to be on the rebound and the government has high hopes that the
country’s biggest aviation company, Aero Vodochody, and one of its key
aircraft could ...