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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

Business News 22.7.2016

In Business News this week: Change of hands looms for Prague’s tallest office bloc; Dubai company launches arbitration over payments for Prague plots; Czech total of unpumped EU funds shrinks to 6.8 billion crowns; Czech Republic ranks 26th on BDO’s investment potential list; ČEZ applies for EIA ... more >>
 

Budějovický Budvar hits record output, plans investments to boost capacity

The state-owned Budějovický Budvar brewery in South Bohemia sold a record amount of beer last year, in fact, the largest amount in its history. At the same time, the brewery reached its production and logistics limit. more >>
 

Rail crossings set for repair as anniversary of Studénka tragedy approaches

The small town of Studénka is just about to mark the first anniversary of its second rail tragedy in a decade. There are plans to do away with the level crossing where three people died when a high-speed train collided with a truck there last year. Meanwhile, two dozen rail crossings around the ... more >>
 

Czech mortgage rates hit new record low in June

Average mortgage rates in the Czech Republic reached a record low in June and analysts are already predicting an all-time low rate for the whole of 2016. Average monthly repayments have also hit a fresh minimum, falling below CZK 5,000 for the first time. more >>
 

60% of Czechs Say They Would Like to Work Abroad

A recent survey conducted by CDK Global (NASDAQ: CDK), the largest global provider of integrated information technology and digital marketing solutions to the automotive retail industry, and Ipsos found that 60% of Czechs view the opportunity to work abroad favorably when considering a job or ... more >>
 

Life on loan is normal for most Czechs

Nearly 70 percent of Czechs consider it normal to have a loan, according to a survey conducted by the market research firm GfK. According to the survey, carried out among 900 respondents, some 35 percent of Czechs have some kind of ongoing loan and 31 percent of those asked said they ... more >>
 

Battle brews over drugs spending ceilings for elderly and children

A new battle over drugs and health spending appears to be brewing with the Ministry of Health pushing for a lower limit to the ceiling that pensioners should pay for prescription medicines. And there is some backing for a limit also to be put on the drugs bills for families with children. more >>
 

Czechs increasingly seek escape to country homes

Czechs are increasingly interested in buying a chata or a chalupa, a cabin or a cottage, in the countryside. According to the daily Lidové Noviny, the sale of summer houses has increased on average by 40 percent this year compared to the previous year. more >>
 

Business News 15.7.2016

In this week’s Business News: Brexit is Czech business opportunity says top government official; foreign workers on the rise; ČEZ starts fresh arbitration proceedings in Balkans; inflation remains at low levels; and single payment site costs billions without result. more >>
 

Czech nuclear waste deep storage will only be sited where there is local support says ministry

Nuclear power means nuclear waste and the Czech Republic, like many other European countries, is faced with the headache of where to store the waste long term. A shortlist of seven locations for geological tests for suitable deep storage resulted in howls of protest from most of the citizens ... more >>
 

Underpriced and over here: Czech egg producers complain about imports

The Czech Ministry of Agriculture has highlighted the plight of Czech egg producers faced with increased imports of cheap foreign imports with the importers accused of sometime breaking the rules. more >>
 

Avast purchase of AVG set to secure Prague as global computer antivirus hub

In what looks like one of the biggest deals of the year, two originally Czech computer antivirus security companies have announced they are getting together with the likelihood of putting Prague and the Czech Republic permanently on the map as the home of one of the world’s leaders in the sector. more >>
 

HN: Filmmakers expected to spend CZK 5 billion in CR this year

Filmmakers are expected to pump around CZK 5 billion into the Czech economy this year. A large share of that sum will be spent by the makers of epic historical serials, while stars such as Robert De Niro, Al Pacino and Shia LaBeouf are also slated to shoot here during 2016, the daily ... more >>
 

New waterway rules make waves

The introduction of a new regulation last year, which approved the return of motor vessels to most of the country’s rivers and reservoirs, considerably increased water traffic and boosted tourism along the Czech Republic’s rivers and dams. But the death of an 18-year-old girl, who was killed this... more >>
 

Controversial truck tolling system likely to remain in place until 2019

The Czech government on Monday approved the prolongation of a contract with the Austrian company Kapsch to operate a controversial nationwide truck tolling system for another three years. The transport ministry’s failure to select a new operator and the ministry’s intention to prolong ... more >>
 

Environment Ministry approves plan against drought

The Ministry of Environment has launched a new programme to deal with drought, which threatens to become a more regular feature in the future. On Tuesday, Environment Minister Richard Brabec promised to earmark 300 million crowns in subsidies to help municipalities find new sources of drinking ... more >>
 

Steve Gray on a Prague cookie business with royal connections

Královské (Royal) Cookie is a shop on Prague’s Vinohradská St. with a number of regal connections. The district has traditionally been known as Royal Vinohrady and, says UK-born co-owner Steve Gray, there is also a link between the business and the Queen of England. Gray runs Královské Cookie – ... more >>
 

Labour Ministry unveils plan to promote gender equality in salaries

Women make up 44 percent of the country’s workforce but the vast majority still earn significantly less than men holding similar positions. Surveys indicate that the wage gap is seven thousand crowns a month on average in the private sector and five thousand in the public sphere. The Ministry ... more >>
 

Spending watchdog: Failed collection system cost billions

Despite swallowing up an enormous sum, an ambitious project to create a unified system for collecting taxes and other state contributions has never been anywhere near completion, according to the Supreme Audit Office. Politicians have been blaming one another for the failure. more >>
 

Win Free tickets to La Locas next Rooftop Special Edition Mix @ Six

Prague.TV & La Loca Music Club have 3 FREE tickets for the next Rooftop Mix @ Six Special Edition on July 25 for you! Free entrance, a free welcome drink and a lot of nice people … more >>
 
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