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Business News from Czech Republic by and several sources, collected all on one platform! Want to have your business news listed with us?  Contact us

Business News 21.10.2016

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. more >>

Prague is 20th most-visited city in the worldwide

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. more >>

Nový Bor – a town in the heart of the Bohemian glass industry

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, ... more >>

Czech spark plug producer in Russian expansion

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. more >>

Czech Republic sees new GE aircraft engine investment as signpost for future

US manufacturing giant General Electric has signed an agreement to design and build a new generation of turbojet aircraft engines in the Czech Republic. 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... more >>

Czech automobile industry rolls out one million cars in first nine months

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 last year. more >>

Central bank moves to tighten mortgage loans as real estate boom sends up housing prices

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 ... more >>

Ex-CNB official warns of speculation when weak crown policy ends

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 ... more >> Job Fair saw hundreds of job seekers

About 700 job seekers turned out Oct 15 for the 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). more >>

Business News 14.10.2016

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. more >>

Minister proposes legislation to help the bankrupt get out of debt

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 ... more >>

First train with Czech reserve fuel arrives from Bavaria

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 fuel,... more >>

Construction industry looking forward to 2017 after downturn this year

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, reported on Wednesday. However, building companies say they expect to see growth again in 2017, the ... more >>

Daily: Licence plate monopoly appears to be at an end

The days of one company producing licence plates for motorists in the Czech Republic are, in all likelihood, at and end, news site reported on Tuesday (the online version of Lidové noviny). Since the 1990s, the site reports, license plates (informally referred to as espézetky in Czech)... more >>

Low unemployment making it “tremendously difficult” for Czech employers to find staff

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 ... more >>

Business News 7.10.2016

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 ... more >>

Grandi Stazioni loses 30-year lease of Main Railway Station due to renovation delays

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 ... more >>

Czech pilots could be endangered species as they target jobs with foreign carriers

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 vacancies. more >>

Lasvit: transforming glass into a breath-taking light and design experience

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. ... more >>

All smiles for top-selling Czech toothbrush producer

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 reported, citing the Swiss producer’s website. Overall use of toothbrushes has increased as well, up by just a... more >>
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