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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

Tatra turns corner and seeks expansion on civil trucks market

Vehicle producer Tatra is an iconic name in the Czech Republic and indeed in the world of car and truck production. The Czech company claims to be the second oldest car manufacturer in the world with its first model, the Präsident, being rolled out in 1897. The first truck followed a year ... more >>
 

Social Democrats weigh progressive tax options

Prime Minister Bohuslav Sobotka has made clear that his party, the Social Democrats (leading the current coalition government) would like to raise taxes on employees earning more than 40,000 crowns per month, and lower the burden for those earning less than 30,000 (the equivalent of around ... more >>
 

Speculation over crown mounts but switch to euro still distant according to bank governor

Speculation is rising about the when and wherefore of the Czech crown’s exit from the low crown regime. But even amidst this uncertainty, according to central bank governor there is still no likelihood in the short term that the crown will be ditched for the single currency euro. more >>
 

Czech government and Škoda Auto outline electric dreams

Czech car companies and the government have not hitherto been in the forefront of moves to promote electric cars but now both appear to have changed directions. The government is now looking to back their roll out and the biggest car maker, Škoda Auto, says a quarter of its production could be ... more >>
 

Czech energy regulator takes parting shot as changes loom

The unmistakable and controversial head of the Czech energy regulatory office (ERÚ), Alena Vitásková has taken what could well be a last parting shot at one of her main opponents of the last few years, the Ministry and Industry and Trade and its current head, minister Jan Mládek. more >>
 

Prague ranks among best student cities

Prague tied for 26th place on a 2017 ranking of best student cities by UK-based education analyst QS Quacquarelli Symonds. Some 100 cities were ranked, so Prague just missed the top quarter. Montreal came in first, bringing an end to Paris' reign at the top. London came in third. more >>
 

Moser Glassworks celebrates 160th anniversary with special collection

160 years ago Ludwig Moser opened a glass-workshop and store in the West Bohemian town of Karlovy Vary. Today the Moser Glassworks is a world leader in glass making, selling its products around the globe and getting commissions for special pieces for royal palaces and five-star hotels. It is ... more >>
 

Škoda and ČEZ working on electric cars

The two largest Czech companies, carmaker Škoda Auto and energy giant ČEZ, plan to work together to develop electric cars and infrastructure. Škoda will make electric cars while ČEZ will develop and build charging stations. more >>
 

Cool reception for Social Democrats’ bank tax proposal

The Social Democrats will campaign for October’s general election on a pledge to introduce a special tax on banks. Party leader Bohuslav Sobotka says the new taxes would help fund schools and infrastructure and stop profits leaving the country. But critics say the move could lead to ... more >>
 

Facing long-term staff shortages, carmakers push for education changes

The Czech Republic’s auto producers and spare parts makers are currently lacking several thousand workers and expect to face the same problem for the rest of the decade, if not longer. To combat the problem they are advocating for changes in the country’s education system. more >>
 

CzechTrade as Meeting Point matchmaker for exporters worldwide

CzechTrade, the government agency tasked with boosting Czech exports, has just gathered most of its around 50 top representatives from outposts all around the world together in Prague. The purpose was to give bosses from Czech companies the chance to be briefed about export opportunities ... more >>
 

Czech economy slows despite increase in consumer spending

The Czech economy slowed last year despite an increase in consumer spending, Czech Radio reported on Tuesday citing new preliminary figures released by the Czech Statistical Office. According to the bureau, economic growth slowed to 2.3 percent of GDP; a year earlier it was double that amount, ... more >>
 

Czech PM pledges shake up in mobile data market

A shake-up of the Czech mobile phone scene in which callers will no longer be held ransom for high prices by a threesome of big telecom operators. That is what the leaders of the biggest Czech political parties are now promising with changes in the law being promised that would pave the way for ... more >>
 

Czech internet turns 25

The internet arrived in then-Czechoslovakia on Feb. 13, 1992, with Czech Technical University in Prague (ČVUT) having the first connection. From that humble start it has spread to where it is now an essential part of almost every business and home. more >>
 

Consumer price inflation exceeds central bank’s target rate

Czech consumer price inflation accelerated unexpectedly at the start of the year, coming in above market projections and the Czech National Bank’s target rate. The 2.2 percent year-on-year growth in consumer prices registered in January was reportedly driven by growth in the prices of fuel, food,... more >>
 

W Hotels to make Prague debut with Art Nouveau makeover

W Hotels Worldwide, part of US hoteliers Marriot International, announced on Thursday it will open its first hotel in Prague. W Prague accommodation offer will be located in the renovated nouveau Grand Europa Hotel on Prague’s Wenceslas Square, and will be the brand’s debut in the Czech Republic. more >>
 

Tourist numbers rose in 2016

Tourism was up in 2016 for both Prague and the Czech Republic as a whole, as measured by both the number of visitors and by overnight stays. Numbers for visitors from China were up sharply. Figures for Russians are still down but starting to recover. more >>
 

New bill could lead to lower data prices for mobile users

The Czech Republic’s law on electronic communications looks set for an overhaul that should benefit ordinary mobile phone users and boost the powers of regulator the Czech Telecommunications Office (CTO). Prime Minister Bohuslav Sobotka says he aims to rush through an amendment to that end ... more >>
 

Czech PM champions high speed rail developments

High speed rail routes are a popular hobby horse for Czech politicians. ANO leader and finance minister Andrej Babiš has already got on board complaining of the Czech lack of such routes compared with France. And Czech prime minister Bohuslav Sobotka has now boarded the train as well. more >>
 

Czech students, workers seize last chance in UK before Brexit

Besides beer and cars, one of the biggest Czech exports to Britain over recent years has been students. But Brexit has cast something of a shadow over what is a booming business for the British education sector. As a result, Czechs are making what could be a last ditch bid to sign up for British ... more >>
 
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