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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

Major transport projects set for green light as EC agrees exemptions

The Czech Republic has negotiated a deal in Brussels that spells a green light for a number of major transport projects, the country’s prime minister announced on Wednesday. The projects will not now require fresh environmental impact assessments, meaning Prague should soon be able to access tens... more >>
 

Business leaders protest over law forcing large stores to close on state holidays

Large retail outlets in the Czech Republic will be forced to close their doors on seven state holidays every year after the Chamber of Deputies approved a Senate bill to that end in the face of stiff resistance from the Czech Chamber of Commerce, which says it is discriminatory. more >>
 

Czech competitiveness under the spotlight

Competitiveness is one of those vogue terms that appears to be employing a lot of grey matter around the world. And the Czech Republic is no exception with the government, business groups, and recently one lawmaker from the upper house of parliament, the Senate, looking over the entrails of ... more >>
 

Czech PM: Whole EU, EC functioning must be changed

It is necessary to change the functioning of the whole European Union and the European Commission and it would be unfortunate to start any personnel battles now, Czech PM Bohuslav Sobotka said after meeting European Council President Donald Tusk on Tuesday. more >>
 

Sobotka: Visegrad Four regrets Brexit

The Visegrad Group (V4) countries on Tuesday expressed a deep regret at Britain's decision to leave the EU, their prime ministers have said in a press release. more >>
 

Bitter harvest for Czech fruit growers

This year’s fruit harvest is expected to see a year-on-year drop by 28 percent, due to the late frosts which hit the Czech Republic at the end of April. The country’s Fruit Growers Union estimates losses of around 400 million crowns. more >>
 

The Dalai Lama to visit Prague for the Forum 2000 Conference

His Holiness Tändzin Gjamccho, the 14th Dalai Lama, is among the speakers coming to the 20th annual Forum 2000 Conference. The conference was founded by former Czech president Václav Havel, and will be held October 16-19, 2016 under the title Courage to Take Responsibility in Prague and Other ... more >>
 

PPF abandons Prague Eye project after hitting a wall with the authorities

The financial group owned by wealthiest Czech Petr Kellner has completed its retrenchment from extensive real estate projects in Prague. PPF has sold Prague Eye, a twin office towers project planned for Prague 11 which envisages the erection of the tallest buildings in the country. more >>
 

Brexit likely to delay Czech adoption of European currency, says Industry and Trade Minister

Prior to the Czech Republic’s joining the European Union in 2004, the country committed to adopting the European currency. But since, the timeframe has since been pushed back, with estimates suggesting the Czechs would not adopt the euro any time before 2020. The Brexit, Great Britain’s decision ... more >>
 

Business News 24.6.2016

Business round-up this Friday: Brexit will slow Czech economy says analysts; government commits to teacher pay rise; Country plans for more agricultural attachés; Fruit harvest expected to see 28 percent drop. more >>
 

Britain is fourth most important destination for Czech exporters

Britain’s decision to leave the EU has raised concerns among Czech companies with business interests in the country. Britain is the fourth most important destination for Czech exporters and the second counting re-exports. It is also one of the biggest foreign investors in the ... more >>
 

Czech arms producer Zbrojovka posts record sales for 2015

Czech arms and military equipment producer Česká Zbrojovka increased its sales by one percent last year to a record 3.41 billion crowns. The traditional arms manufacturer expects sales to reach 3.85 billion crowns this year. more >>
 

Government signals end of free plastic bags – but will move make much difference to customers?

The Czech government has just approved legislation that will make it illegal for shops to give customers free plastic bags from the year after next. Small clear bags to hold the likes of fruit or bread rolls will not be affected by the new EU-required norm. Will Czechs mind having to pay ... more >>
 

Czech Republic braces for impact of British “Brexit” vote

The British vote on whether to stay or leave the EU takes place Thursday with most recent polls suggesting a very close race indeed. And its no exaggeration to say that that the British vote is being followed with trepidation across the rest of Europe, including Prague, with the economic and ... more >>
 

Czech companies hit by proliferation of trade protection measures

Czech companies are increasingly being hit by anti-dumping measures, the business daily e15 reported on Wednesday. Most recently, such measures have hit the Arcelor Mittal Czech steel giant in Ostrava. Earlier this year, China imposed customs duty of 46.3 percent on flat roll electrical ... more >>
 

Poll: Three-fifths of Czechs hope Brits remain in EU

Sixty percent of Czechs do not wish Britain to leave the European Union and 22 percent hold the opposite opinion, according to a flash poll by the Median agency for public Czech Radio (CRo) which released it yesterday, two days before the Brexit referendum. more >>
 

HN: Babiš would not go into opposition after election

Andrej Babis, Czech deputy prime minister and finance minister, would completely leave politics if his ANO movement did not get into the government after the 2017 general election, this ensues from an interview he gave to yesterday's issue of daily Hospodarske noviny (HN). more >>
 

Czech Republic named sixth most peaceful country

The Czech Republic was among 81 countries that improved their standing in the 10th annual Global Peace Index put out by the Institute for Economics and Peace. The Czech Republic rose to sixth place out of 183 countries. It had been at 10 out of 162 countries in 2015. more >>
 

Coalition in police ‘shootout’

A tabled reorganisation of the police service’s structure is severely straining the government coalition. It envisages merging the Organised Crime Unit [ÚOOZ] and the Corruption and Financial Crimes Unit [ÚOKFK] into one centralised body. more >>
 

GE drone engines investment getting off the ground

The contours of one of the biggest foreign investments in the Czech Republic in a decade – the construction of a General Electric Aviation aircraft engine factory – are coming into sharper focus. Sources close to the government have told E15 that the process has moved to the point where a ... more >>
 
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