PragueConnect.cz - Business News in English

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

The Prague British School Celebrates its 25th Anniversary

With almost 1,000 children aged 3 – 18 and over 200 staff spread over two sites at the Prague British School it is quite an operation to get everyone together for a photo. But that is exactly what happened at PBS at the beginning of June and the result is a stunning picture of happy, smiling ... more >>
 

Prague Congress Center undergoes extensive changes

Prague Congress Centre is undergoing significant changes. The EPC (Energy Performance Contracting) project done by ENESA is followed by the interior renovation and modernization of the building with new AV technologies, advanced navigation system and full-area fast internet connection. more >>
 

Czech bilateral trade with Britain pushed to record levels

Diplomats pushing Czech economic interests across the world have been gathering in Prague in recent days to discuss latest developments and initiatives. Such diplomats, not just from the foreign ministry but from industry and trade, agriculture, and research have multiplied in the past years with... more >>
 

Czech beer habits evolving

For the first time in 10 years, sales of beer-on-tap in the Czech Republic stopped falling in 2016. Year-on-year, they increased by a little less than one percentage point, the daily Hospodářské noviny reported on Tuesday. At the same time, people still prefer consuming beer bought in ... more >>
 

Slovak Volkswagen strike settlement seen providing Czech inspiration

With wages set to a major issue in looming Czech parliamentary elections, a major strike by Volkswagen workers in neighbouring Slovakia has grabbed a lot of attention. Car production is the leading manufacturing sector in both countries with the German auto producer also the parent company ... more >>
 

Czech petrol prices forecast to continue downward trend

Prices for petrol and diesel are expected to continue to fall in the Czech Republic by as much as 50 halers per litre over the next few weeks, writes Hospodářské noviny. An overall global supply surplus, combined with a strengthening crown, are cited as key factors for the trend. more >>
 

Czech Republic becoming a world leader in contactless payment for public transportation

The Czech Republic is undergoing a revolution in the way passengers pay for public transportation services, writes news site idnes.cz. Around 2,000 bus and tram services now enable ticket payments to be made using a contactless card. And that number is set to continue to grow, says Petr Zlámalík,... more >>
 

Employers must provide water during heat waves

Employers are required to provide workers with water in heat waves, according to the Czech Labor Code and the government's health regulations. Employers who don't comply face possible fines. Employers can also shorten or stagger work hours. Harder work can be move to later hours, and more ... more >>
 

Křetínsky’s EPH to buy two gas fired power plants in Great Britain

Energetický a průmyslový holding, or EPH, is gearing up to buy two gas fired power plants in Great Britain through daughter company EP UK Investments, the Czech News Agency reports. The price tag is expected to be in almost 10 billion crowns. more >>
 

Rekola five years on: Bold pink bikes in the public space capture imagination of cyclists from Prague to Brno

What began as Rekola, the NGO, is now an NGO-slash-successful socially-conscious business. If you need to get quickly from A to B in Prague or a number of other Czech cities, pinpointing the nearest Rekola bike through an online app is simple, and the bikes are easy to spot because they are… ... more >>
 

Lots of unfilled jobs at the start of the Summer

Labor Offices in Prague and Central Bohemia are looking for a high number of people this year to fill jobs. Builders and cooks in particular are in demand. In Prague, there are some 33,699 job openings. Central Bohemia has a bit fewer, at 22,238 in May, according to Labor Offices. more >>
 

Siemens outlines massive investment plans for Czech Republic

The Czech Republic is the target for a massive expansion by one of Germany’s flagship firms, technology and engineering company Siemens. The type of investment is exactly what the Czech Republic is looking for as the country tries to secure skilled jobs with research and development tagged on. more >>
 

Government pushing for agreement with car makers which would boost sales of electric cars

Following a promo campaign in its Holešovice showroom the biggest Czech e-shop Alza.cz has just launched the sale of electric cars. The company says it firmly believes that the Czech Republic will soon follow the example of Germany, Austria and Norway in gradually increasing the number of ... more >>
 

Modern technologies predicted to cost around half of current Czech jobs

Digitilisation and the increased use of robots in industry could lead to the loss of more than half of all the jobs in the Czech Republic, according to former prime minister Vladimír Špidla. Even in the next 20 years one 10th of today’s jobs could go, suggests a new study. more >>
 

Financial daily: Czech trade unions plan to sell Prague HQ

Czech trade unions are planning to sell their headquarters in the Czech capital, a building from the 1930s in the Prague-Žižkov neighbourhood, the price of which is estimated at 300 million crowns (around 11.5 million euros), financial daily Hospodářské noviny reported on Thursday. more >>
 

Metrostav builds up foreign market

The Czech Republic’s biggest construction firm Metrostav has been expanding abroad to compensate for the lack of contracts at home, the daily Hospodářské noviny reported on Thursday. While 10 years ago, foreign commissions accounted to just about three percent of the Czech unit’s business, last ... more >>
 

Czech towns and cities go with the flow and look to buy out foreign water companies

In the late 1990s and following decade there was a sort of gold rush in the Czech Republic. But what the foreign prospectors were panning for was not gold but water itself. Clearly though they believed that water could be turned into gold. more >>
 

Construction companies look forward to 2.7 percent growth this year

Construction companies are often regarded as a litmus test of the local economy. But in the Czech case the test comes up somewhat short. While many sectors, especially manufacturing, have been booming, the construction sector has struggled to equal or even get close to the halcyon days of ... more >>
 

Tram stops to offer free WiFi

Checking your smartphone while waiting for the next tram has become pretty much the thing to do. Prague in cooperation with advertising firm JCDecaux is making it easier by putting free WiFi at 300 tram stops. The signal should extend 50 meters from the stop. This follows after a pilot project ... more >>
 

Major Czech operators end roaming surcharges as EU deadline draws near

The Czech mobile phone operators T-Mobile and Vodafone have just introduced roaming services that cost the same as domestic usage within the European Union. The country’s third major operator, O2, is set to follow suit before an EU directive banning roaming surcharges takes effect later this week. more >>
 
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