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

Where’s the beef? Agriculture minister wants higher percentage of Czech-produced meat in stores

According to Agriculture Minister Marian Jurečka, less than 50 percent of red meat in domestic supermarkets is of Czech origin. In the future, he made has clear, he will be aiming for the numbers to improve. One good sign? Chains based in the Czech Republic are not against taking more from local ... more >>
 

Cycling in Czech Republic viewed as sport rather than means of transport, says Homeport founder

The Prague-based company Homeport, which is operating successful bike sharing schemes all around the world, including Great Britain, France or Saudi Arabia, is planning to launch its services in Prague. The company wants to take part in a public tender for bike sharing operators, which should be ... more >>
 

New ‘blue zones’ spell end of free parking in parts of Prague 5 & 6

Motorists who commute to Prague have long gotten used to being able to park for free in parts of Prague 5 and 6 nearest the city centre. As of this Wednesday, that has changed. Blue zones prepared months ago have now come into effect – reserving parking largely for paying residents. more >>
 

German financial services company OVB trying to crush Czech student's documentary

OVB Financial services company (OVB Allfinanz a.s., Czech Republic) trying to proceed by a lawyer against a student who tried to shed some light on dubious recruitment & sales practices ... here the documentry (unfortunately only in Czech) more >>
 

Consortium of firms, headed by Czech company VHS, to repair section of highway near Jihlava

A consortium of firms, headed by Czech company VHS (Vodohospodářské stavby), has won the contract to repair and broaden a roughly seven kilometre stretch of the country’s most frequented highway, the D1 between Prague and Brno. The section of road is near Jihlava and Velký Beranov. more >>
 

Support for paternity leave bill looks set to tip scales in its favour

The concept of a short paternity leave, which has been debated on the Czech political scene since 2010, looks close to being realized. The proposal, approved by the government in May of this year, has divided the Cabinet and united old-time rivals. more >>
 

Vítkovice Power Engineering files for “reorganization” bankruptcy in the hope of retaining control over insolvency proceedings

Vítkovice Power Engineering, one of the key daughter companies of the engineering conglomerate Vítkovice, has filed for “reorganization“ bankruptcy. The company reportedly owes close to two billion crowns to over 700 creditors. The regional court in Ostrava, which was due to deal with a proposal ... more >>
 

Moravian Bzenec chateaux claims Czech Winegrower of the Year crown

The 14th annual Czech Winegrower of the Year competition culminated in a gala ceremony held in Prague’s Žofín on Thursday evening. A jury of international wine experts evaluated a set of six wines from dozens of winemakers, the aim being to recognize all-round wine-making capabilities. 604 ... more >>
 

Business News 19.8.2016

Business roundup: The average price of Prague flats has continued to go up; the military is assessing offers of mobile radars; an extra billion crowns from budget will go toward university teachers' pay; the Regiojet rail company posts numbers in the black. more >>
 

Dubai attempts to attract more Czech tourists

Dubai wants to attract more tourists from the Czech Republic. The country’s Department of Tourism and Commerce Marketing is set to open a subsidiary in Prague. Some 45,000 Czechs visited the Emirates last year. more >>
 

Study presents breakdown of Czech recipients of EU funding

The vast majority of the European Union funds drawn by the Czech Republic have gone to state projects in areas such as transport, education and science. Of private companies, steel producer Třinecké železárny has benefited the most, says financial daily Hospodářské noviny in the first report of ... more >>
 

Inhabitants of Uhříněves protest against marked increase in traffic

Inhabitants of the Prague suburb of Uhříněves are fast growing tired of increased traffic along one of the district’s major roads. Transport trucks heading in the direction of Hradec Kralové have taken to using the route as a short-cut. On Monday several dozen people gathered to demonstrate ... more >>
 

Municipalities up in arms over prospect of costlier ground water

Outside of periods of drought, water conservation is not something Czechs consider a pressing issue. However the prospect of a threefold increase in the price of ground water by 2022 has divided the cabinet and elicited loud protests from municipalities around the country. more >>
 

Czech households spend most of their income on living expenses

Czech households spend the biggest share of their income on living expenses, according to the results of a study by the Czech Statistics Office comparing household spending in the years 1995 to 2015. more >>
 

News site: Transfer of ownership of train stations to put focus on outlets’ contracts

Following the transfer of around 1,500 train stations around the Czech Republic to a new owner later this month, the focus won’t just be on the state of the buildings themselves: Contracts with newsagents, bakeries and other outlets are also set to come up for review. more >>
 

Czech and Polish tour operator marriage promises major changes on local market

The marriage of Czech and Polish tour operators Čedok and Itaka looks like creating a formidable negotiating force on the regional market faced with airline operators and hotel companies. more >>
 

Business News 12.8.2016

In this week’s Business News: mining company OKD heads for restructuring; hop crop seen rebounding; unemployment back on the up; Cobra delivers on tax evasion clampdown; more and older cars on road; and local wines make mark. more >>
 

Czech Marks & Spencer stores to open food only outlets, go back to basics

British based retailer Marks & Spencer announced this week that it will open food-only outlets in the Czech Republic. more >>
 

Sifting of OKD creditors’ claims sets stage for key decisions about mining firm

The battle over the future of hard coal mining company OKD has just got a lot more complicated and bitter. more >>
 

Jablonec still jewel in Czech crown for glass and jewellery production

The Czech jewellery and glass industry is still inextricably linked with the north Bohemian city of Jablonec nad Nisou although the business has gone through a tough couple of decades with the workforce in the sector shrinking to around a third of what is was 20 years ago. It now shows confident ... more >>
 
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