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The Czech rail market is set to open up further to competition after the
government’s approval of liberalisation plans on Wednesday, the Czech
News Agency reported. According to information posted on the Office of the
Government’s website, tender processes for the right to run services on
Škoda Auto has just enjoyed the most successful year in its history. The
Czech-based carmaker saw its profits climb by just over a third in 2016 to
reach CZK 25.7 billion. It was the third year in succession that Škoda,
the country’s biggest exporter, made a new record profit.
Prague has just hosted a hackathon with global participation with the
target to brainstorm and come up with solutions for cities like the Czech
capital where getting from A to B can be a stressful and time consuming
The Czech Republic’s biggest electricity producer, almost 70 percent
state owned ČEZ, delivered its 2016 results on March 21 with the outcome
largely disappointing analysts.
A taste of the West was the slogan used by another very different company,
though in this case it was perhaps more appropriate. And the interest was
huge when the first McDonald’s hamburger restaurant opened its doors 25
years ago in what was still Czechoslovakia on March 20, 1992.
An electric-powered plane of the future will be one of the highlights at
the Czech pavilion at Expo 2017, which opens later this year in Astana,
Kazakhstan. The news was announced this week by one of the joint-CEOs of
Arteo, the company in charge of putting together the Czech exhibit.
A Czech company is using 3D laser technology to offer more accurate road
repairs and resurfacing and is targeting a worldwide market that could
result from the know-how.
Prague City Hall is planning to build hundreds of council houses within the
next few years, the daily Hospodářské noviny wrote on Thursday. The
first apartments are set to be built at the Černý Most housing estate
within the next two years. According to the daily, City Hall plans to
select more ...
Privacy will increase substantially as companies and other entities operating in the Czech Republic will be facing stricter rules on the protection of personal data. Leaks of personal data will face higher fines than currently apply. Companies will be forbidden from using personal data to ...
Low cost airline Ryanair has a basic but successful business model: it cuts
costs to the bone and often operates out of out of centre airports which,
to put it bluntly, are begging for the business.
The Czech Republic is basking in the fact that it has the lowest
unemployment rate in the European Union, 3.4 percent according to the
Eurostat January figure. The Czech national figures are a bit higher, but
the basic message is the same. And the good news from the latest forward
looking survey ...
A police raid on the country’s second biggest online grocer, which
resulted in the detention of 85 foreign nationals on suspicion of working
illegally in the country, has thrown light on a much bigger problem. The
record low unemployment rate and the restrictions on the number of
With the arrival of spring road maintenance crews are assessing the damage
to roads caused by the harsh winter and the news is not good. According to
preliminary estimates the costs could be 50 to 60 percent higher than in
The second largest online grocer on the Czech market – Rohlik.cz had to
suspend operation on Thursday following a raid by the foreign police on the
company’s Prague warehouse. It was the second police inspection in the
past seven months at the e-shop which is trying to increase its share on
Czech inflation accelerated in February to 2.5 percent year-on-year from
January’s 2.2 percent, the Czech Statistics Office announced on Thursday.
Compared to the previous month, consumer prices went up by 0.4 percent.
Inflation growth was the fastest since November 2012.
Documents released by Wikileaks show that the US Central Intelligence Agency targeted Prague-based Avast and Brno-based AVG among other internet security firms. The CIA has been developing methods to bypass computer security so it can spy on computers and mobile devices, according to the leaked...
The Czech Republic appears it will support new European Commission rules on
the taxation of large multinational corporations (under the EC’s Anti Tax
Avoidance Package), writes financial daily Hospodářské noviny. The
package is conceived to promote greater tax transparency and, the EC
writes, to ...
Czechs markedly ran up new debts last year, the daily Hospodářské noviny
reported on Tuesday. The overall debt burden in 2016 amounted to nearly two
trillion crowns. During the first three months of 2016 alone, Czechs took
loans amounting to 150 billion crowns. According to the daily, the ...
Prague College, one of the Czech Republic's leading private universities, announces the start of its Spring semester, with students from all over the world having enrolled on new programmes in Accounting, Business, Fine Art, Graphic Design. IT, Computing, and Communications.
Prague and Brno city administrations are working together on how to deal with the ride sharing service Uber. Prague Mayor Adriana Krnáčová (ANO) has started negotiations with the Brno Mayor Peter Vokřál (ANO) on changes in the framework for dealing with the drivers. She also wants to meet with ...