The Moravia-Silesia Region made a mistake when permitting the construction of the second gearbox plant of the South Korean Hyundai car maker in Nosovice, the Supreme Administrative Court (NSS) ruled Thursday.

CzechInvest will be preparing strategies for priority foreign territories in the upcoming months. Within three years, the implementation of the new strategy should make the Czech Republic one of the 10 European countries most attractive for investors.

The Finance Ministry may remove the gambling licences granted to casinos if these licences go against new regulations issued by municipalities, the Supreme Administrative Court decided, rejecting a complaint by the Synot Tip betting company. "The Finance Ministry must not ignore bans on operating gambling rooms declared by municipalities on their territory," judge Tomáš Langášek said.

Developer Flow East released an environmental audit showing that their planned Flower Building has higher environmental standards than the existing occupant of the site at Václavské náměstí 47. But the planned building is not without controversy.

Big Brother, a Czech mock-award for a constant snooper that is annually presented by the Iuridicum Remedium NGO, goes to the Google company this year for its monitoring of people's e-mails and opaque snooping on users' privacy, the project's head Jan Voboril told journalists Wednesday.

Totally 62,000 new sole traders were registered in the Czech Republic in 2014, down 10% y/y. The no. of new sole traders was the lowest in 9 years.