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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

Czech entrepreneur tastes sweet success with marmalade mix

Did you know that some of the best marmalades are produced in the Czech Republic? At least according to a prestigious British competition called World’s Original Marmalade Awards 2017, which recently took place in Britain’s Cumbria. Marmalades produced by Jozefína Růžičková from South Bohemia won... more >>
 

High-speed rail network plan spells enormous investment for Prague

Plans to build a high-speed rail network in the Czech Republic will greatly impact Prague, which will alone require investment of at least CZK 80 billion, iHned.cz reported. Among expected projects are tunnels and an underground extension of the city’s Main Station. more >>
 

Battle breaks out over Czech frequency reallocation

An angry war of words has broken out over government plans to pave the way for a new frequency for terrestrial tv broadcasters as part of moves to free up space for mobile data to be transmitted around the world. Satellite companies say the government move is a massive multi-billion crown ... more >>
 

Quarter of the country’s fruit production damaged by severe frost

Czech fruit growers are assessing the damage from severe frosts that occurred in country in late April and early May. Initial estimates say the frost has damaged around one quarter of the country’s fruit production, with losses amounting to over 470 million crowns. Czech farmers were hit by frost... more >>
 

ČEZ bosses rebuffed over sale of biggest coal fired plant

The supervisory board of the Czech Republic’s biggest power company, ČEZ, flexed its muscles Thursday and rejected a proposal back by management and three independent advisors to sell the company’s biggest coal-fired power plant. more >>
 

Prague company seeks to land more orders for amphibious vans

Observers may have been surprised when they saw a Mercedes mini-van drive into the Vltava river a few miles outside Prague. A GPS gone wrong? A suicide attempt? Or a not very ecological driver trying to dump the van and cover up his tracks? more >>
 

Survey shows many school-leavers unable to apply their skills in practice

Meeting supply and demand on the job market is not always easy and something that the Education Ministry has struggled to address in recent years. While there is a lack of skilled workers in certain spheres, roughly a third of Czechs between the age of 20 and 34 are not able to apply their skills... more >>
 

Prague on 11th Position Among the World Congress Destinations

International Congress and Convention Asociation ICCA has released a list of the best congress and convention destinations in the world. Prague retains the excellent 11 th position and Prague Congress Centre has contributed the success. more >>
 

Prague-based Avast leads defence against global ransomware attack

A massive worldwide attack on computer systems and networks across the world by the so-called WanaCry ransomware made headlines over the weekend. And for one of the biggest antivirus companies in the world, Prague-based Avast, this is both a wake- up call and a warning to users. more >>
 

Top business leaders accompany president on China trip in hopes of deepening commercial ties

Czech President Miloš Zeman’s trip to China appeared at risk with the ongoing government crisis; nevertheless, the head of state departed Thursday with a delegation of more than 80 business leaders and officials such as the head of the Škoda Auto and the governor of the Czech National Bank. The ... more >>
 

Caritas holds conference on how families with dependent children need to be helped to escape crippling debt

Every fifth family with dependent children in the Czech Republic is financially poorly off, according to a new survey conducted for the Christian charity Caritas Czech Republic and the Catholic Church by the IBRS Agency. That means more than 230,000 families in all. more >>
 

Austrian ambassador proud of Mozart's Czech appeal

The monthly meeting of the Prague branch of tourism association Skål International took place at the Panorama hotel, with Austrian Ambassador to the Czech Republic Dr.Alexander Grubmayr (picture one the right) as the guest of honor. more >>
 

CEZ reports profits of almost CZK 9 billion in first quarter

The Czech state-owned energy giant CEZ has reported a net profit of CZK 8.7 billion for the first quarter of this year. This represented a 13 percent decline year-on-year. However, it was 15 percent higher than in 2015, the company said at a news conference on Tuesday. more >>
 

Tractor manufacturer reportedly eyeing ‘fertile ground’

The Brno-based tractor manufacturer Zetor Tractors is looking to tackle markets in Africa and the Middle East, according to the news site iDnes. The site reported on Wednesday that the idea had been floated, for example, in the region of Kurdistan in Iraq and that the company also had interest of... more >>
 

Wine, cars, and..machine tools… Moldova seeks stepped up Czech cooperation to develop economy

Czechs are doing their bit to support economic and political development in the small and relatively poor Republic of Moldova, sandwiched between Romania and Ukraine. The Czech Republic is already among Moldova’s top 10 European Union trade partners and is supporting the country with development ... more >>
 

Škoda Auto seeks to launch vehicles with India’s Tata Motors

Škoda Auto is planning to make a comeback on India’s compact vehicle market. The Czech car maker is considering launching a mini-SUV and an entry level sedan in 2019, in cooperation with India’s Tata Motors, the Times of India reported on Tuesday. According to the daily, the vehicles may hit the ... more >>
 

Interchange plays a major role in the foundation of the ‚Association of Currency Exchange Companies‘

The International Interchange Group (‘Interchange’), one of the leading foreign exchange providers in the world, and in the Czech Republic with 40 local branches, is pleased to announce its involvement in the foundation of the ‘Association of Currency Exchange Companies’ which was established ... more >>
 

Central bank keeps interest rates on hold with rise seen later in year

The Czech National Bank said on Thursday that it would keep interest rates on hold at their current record low level of 0.05 percent. Officials also revised their outlook for Czech economic growth this year to 2.9 percent, up from the 2.8 percent estimate issued in February. more >>
 

Energo-Pro embarks on biggest hydro power project in Turkey

Czech power distributor Energo-Pro is set to complete the construction of the biggest private-owned hydro power plant in Turkey. The plant, situated in the south eastern part of the country, should be completed and launched in three years’ time, the daily Hospodářské noviny wrote on Thursday. The... more >>
 

Airports to get more police

Safety at Czech airports will be secured by 221 new police officers. The Czech Ministry of Foreign Affairs announced on its website that the proposal had been approved by the government. The increase in officers is in response to the security situation in Europe and to new safety requirements ... more >>
 
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