Saturday, 24 February 2018
Business | Radio Prague

Karlovy Vary based Czech mineral and bottled waters giant Karlovarské Minerální Vody(KMV) recorded a turnover of 8.3 billion crowns (3.3 billion euros) in 2017, which is an increase by 12 percent on the previous year, the Czech News Agency reported on Thursday.

Business | Reuters

Czech energy investor Pavel Tykac has set up Seven Energy holding company to invest more than 1 billion euros mainly in European power plants fired by fossil fuels, even as many utilities shift their focus to renewables.

Finance | ČTK

The Czech Social Security Administration (CSSZ) disbursed pensions totalling 404 billion crowns in 2017, which was about ten billion crowns more year-on-year, CSSZ spokeswoman Jana Buranova told CTK on Thursday.

Business | Radio Prague

A fundamental shake-up of two pillars of Czech state export support is supported by the Ministry of Industry and Trade, according to the news agency ČTK. Under the plans the Czech Export Bank, which gives soft loans to help exports in risky countries, would become a daughter company of the state export insurer, EGAP.

Business | Real Estate | Prague Connect

Ian Bryan Architects (IBA), one of the Czech Republic's leading international architectural practices marks its 20th anniversary this year. The firm is headed up by the architects Ian Bryan and Eduard Trembulak.

Business | Prague Connect

Karel Krejci is the CEO of Krejci Working Capital Solutions and he will be talking about the world of 'fintech' (IT solutions for the finance sector) during the Feb. 28 Master Speaker event at Prague College.

Business | Radio Prague

Czech moves to construct new nuclear reactors by addressing the crucial question of who and how they will be funded looks like it could be finally addressed.

Business | Radio Prague

The German-based discount chain Lidl, has announced plans to significantly increase starting salaries of its employees in the Czech Republic. As of March, the average starting wage for cashiers in Lidl supermarkets will increase by nearly a quarter to CZK 28,000.

Business | Radio Prague

Large breweries will mainly invest this year into export and canned beer, the daily Hospodářské noviny reported on Tuesday. Consumption of canned beer saw a sharp increase last year and the Czech Beer and Malt Association says this trend to continue.

Business | Real Estate | Prague Connect

A rally in investment flows in the fourth quarter of over €1 billion meant the Czech Republic saw total investment volume of €3.73 billion in 2017. This made it the second strongest year in the market's history, according to the latest research from global property advisers Colliers International.

Finance | ČTK

The change in the composition of pensions, drafted by Prime Minister Andrej Babis's government in resignation, will rise low pensions, but slow down the increase in roughly one-half of all pensions, Labour and Social Affairs Minister Jaroslava Nemcova (ANO) told journalists on Tuesday.

Business | Radio Prague

Carmaker Škoda Auto has offered its workers a 15-percent pay rise over a period of 27 months, the Czech News Agency reported. Pay talks between management and union leaders have been going on since the start of the year at the Mladá Boleslav plant.

Business | Balkan Insight

Sweden-based entertainment conglomerate Modern Times Group, MTG, announced on Monday that it is to sell 95 % of the shares in Bulgaria's Nova Broadcasting to PFF, a firm owned by Czech billionaire Petr Kellner, for 185 million euros. Nova Broadcasting is Bulgaria's largest commercial media group and comprises seven TV channels and 19 websites, including the leading Nova TV channel, Kino Nova, Nova Sport, Diema and Diema Sport amongst others.

Business | Prague Connect

There are many positives to being an expat in the Czech Republic, but also some difficulties. Let's take a brief look at an expat's life, using the Czech based company JetBrains as an example.

Business | Radio Prague

Czech companies notched up record export success in 2017. But building on that performance this year is likely to be a major challenge with companies probably needing to break into new markets.