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Plzeňský Prazdroj up for sale as price of InBev deal

Czech brewing jewel Plzeňský Prazdroj is going up for sale. That’s the result of the go ahead from the European Commission to the massive worldwide beer deal under which global market leader InBev acquires its nearest rival SABMiller. Plzeňský Prazdroj has been in the hands of South Africa’s SAB ... more >>

Visegrad Four defense minister propose contingent for Baltic states for 2017

The Visegrad Four (V4) group including the Czech Republic, Hungary, Poland and Slovakia wants to send a rotation military unit to the Baltic area in 2017, the V4 defence ministers agreed in Liblice yesterday, adding that the V4 will submit the offer to NATO in July. more >>

Chamber of Deputies rejects anti-smoking bill

The Czech Chamber of Deputies rejected the anti-smoking bill yesterday, although in an earlier partial vote it dismissed the proposed absolute smoking ban in restaurants. more >>

Babiš disgusted by developments in gov't coalition

Czech PM Bohuslav Sobotka's (Social Democrats, CSSD) statement that ANO is responsible for the rejection of the government anti-smoking bill in parliament yesterday is a lie, Deputy Prime Minister Andrej Babis (ANO) said and warned that the government coalition might end. more >>

Rusnok named new governor of Czech National Bank

Former interim prime minister Jiří Rusnok was named as new governor of the Czech National Bank on Wednesday at Prague Castle. Rusnok, an economist who also served as finance minister and minister of industry and trade and is a friend of President Miloš Zeman, will begin his six-year mandate ... more >>

Homeport to compete in Prague bike share tender

Czech company Homeport, which operates a bike sharing scheme in 18 countries in the world, is planning to launch its services in Prague, the daily Hospodářské noviny reported on Wednesday. more >>

Czech Green groups say lawmakers preparing to sacrifice arable land for development

In the words of Mark Twain, you should buy up land because they ain’t producing it any more. One might quibble with the accuracy of that statement then and now, because as the Dutch have amply proved land can be reclaimed. But the message, especially for the landlocked Czech Republic, holds good. more >>

Yes we can: Czech breweries turn to tinned sales

Czech beer consumers are growing increasingly fond of canned beer. While in 2015, canned beer sales went up by 16 percent on the previous year, last year the sales went up by no less than a quarter, the daily e15 reported this week, citing data from the Czech Beer and Malt Association. more >>

Slovak press: President Zeman likely to be re-elected

The "vulgar and xenophobic Milos Zeman" is likely to take up the Czech presidential post again in 2018 as he considers the execution of the presidential office election campaign now already, having gained Finance Minister Andrej Babis (ANO) as his vital ally, Slovak paper Sme writes yesterday. more >>

Czech system of health insurance for foreigners remains unchanged

The Czech government rejected the amendments to the foreigner law and the health insurance law at its meeting yesterday and it will not deal with the health insurance of foreigners in near future as no ministry was assigned the task, its spokesman Martin Ayrer told CTK. more >>

Czech reps hail Bellen's Austrian victory as defeat of populism

Czech politicians consider the Greens candidate Alexander Van der Bellen's victory in Austria's Sunday presidential election, in which he narrowly beat Norbert Hofer (Freedom Party, FPOe), as the defeat of populism, they told CTK after the disclosure of the election results yesterday. more >>

Convoluted laws seen as factor in high administrative burden on Czech firms

Business people in the Czech Republic have to deal with acres of red tape and spend far more time processing their tax returns and other paperwork than their peers in some other European states. Frequent legal changes are cited as a major part of the problem. more >>

Business News 20.5.2016

In Business News this week: Bulgarian competition watchdog accuses Energo Pro of abusing dominant position on market; Pig breeding in severe crisis; Minister for Foreign Affairs says staffing to be boosted to deal with Ukrainian job seekers; New World Resources fails to announce first ... more >>

Average age of Czech cars exceeds 15 years, used imports soar

The average age of the Czech Republic’s car fleet in the first quarter of 2016 increased to over 15 years, the Automotive Industry Association announced on Friday. That’s the highest figure since 1993. Last year, the average age of the country’s car fleet stood at 14.3 years. more >>

Pivο: Brewing it Czech style in divided Nicosia

Sunday’s parliamentary elections, ongoing negotiations over a reunification of the divided island – and maybe football: these are some of the main topics discussed in the garden of the Pivo "πίβο" Microbrewery, recently opened in the heart of Nicosia, the capital of Cyprus. Located on the Greek ... more >>

Self employed under the spotlight with view to increased tax payments

The Czech self employed are under the spotlight at the moment and it looks like they will be for some time to come. more >>

Czech Radio: Employers complain programme to attract Ukrainian labour is hardly fast-track

Czech firms are having trouble filling positions for manual labour or industrial work, Czech Radio reports. Half-a-year ago, the government launched a pilot programme to attract foreigners, primarily from Ukraine, to the Czech Republic, by speeding up the visa application process. The emphasis ... more >>

IMF cautions Czechs against lax fiscal discipline, mulls exit options from low crown

The Czech Republic has just been through its annual economic monitoring session with the International Monetary Fund (IMF). Basically, the international watchdog on economic good housekeeping and prudence, often accused of pushing an overly free market agenda, looks over the books and government ... more >>

Head of Exim Tours tells daily that Czechs are buying fewer package vacations abroad

The head of the largest Czech travel agency Exim Tours, Ferid Nasr, is predicting travel agencies in the country will take a hit this summer, as many Czechs are avoiding classic travel destinations as a result of the migrant crisis and local instability, writes Czech daily Lidové noviny. more >>

Czech ministry counts cost of China market economy status

One of the biggest trade issues to be addressed by the end of this year should be the status of China and whether it should be recognized as a full fledged functioning market economy. The Czech Republic appears to be taking a negative stance on the decision which needs to be taken along with ... more >>
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