Sunday, 25 October 2020
Business | Radio Prague
Second wave means worse economic outlook but restrictions seen less impactful than in spring

The crisis surrounding Covid-19 is likely to cause the Czech economy to contract by around 8.5 percent this year, according to economists cited by the Czech News Agency. Prior to the current, second wave of the virus, a fall in gross domestic product of 6.5 to 7 percent had been forecast.
National | Business | Brno Daily
14 people face criminal charges following Prague protests against government restrictions

Last Sunday, football and ice hockey ultras clashed with the police in Prague's Old Town Square, where a protest against government imposed restrictions turned violent. 14 people now face criminal charges. The protest was condemned by the Minister of the Interior and Health Minister Roman Prymula, one of the main targets of the protest.
Business | Tech.eu
Czech pricing platform Yieldigo raises EUR 2 million to expand in Europe

Yieldigo, a Czech startup founded by three mathematicians, has raised EUR 2 million in seed funding to expand its AI-based pricing platform. The Hungarian VC fund PortfoLion and Silicon Valley's Alchemist Accelerator participated in the round, alongside J&T Ventures.
Business | Radio Prague
Czech mountain resorts invest CZK 750 million ahead of winter season

Czech mountain resorts invested some 750 million crowns into their development this year, the Czech Association of Mountain Resorts said at a press conference on Wednesday. Originally, ski resort operators planned to invest a record one billion crowns, but some of the planned projects had to be postponed due to the coronavirus pandemic.
Business | Emerging Europe
Czech coal commission contemplates self-defeating coal phase out

The Czech government is in danger of looking out of touch among its EU counterparts, as its coal commission is homing in on a post-2030 phase out of lignite that would undermine the recent commitment of its prime minister, Andrej Babiš's, to increase the EU's climate target to 55 per cent by 2030. Like Germany, the Czech coal commission is exploring several coal phase out scenarios.
Business | Radio Prague
Over 60% of women admit to buying goods they don't need because of discounts

Shopping surveys indicate that the majority of Czechs are still heavily influenced by discounts in their choice of goods, and the coronavirus crisis and economic concerns have only strengthened this trend.
Prague | Business | Expats.cz
Prague Zoo named as one of four finalists for the 2020 WAZA Conservation Award

Prague Zoo has been named one of four finalists for the World Association of Zoos and Aquariums (WAZA) Conservation Award in 2020. The zoo was the only representative from Europe in the final four for the prestigious award, announced at the annual WAZA conference.
National | Business | Expats.cz
Why aren't you fluent yet? Foreign kids vs. Czech schools

Some Czech schools fail to integrate non-Czech-speaking kids; reporter Dinah Spritzer spoke with parents and an advocacy group to find out why.
Business | Prague Daily Monitor
Listen to your customers and other great lessons

Making sure that every aspect of your business is covered is something that will bring you one step closer to achieving your business goals. And for most business owners these are the success of the overall business. According to this, there are so many courses and professional training that you have to cover before you go on and make your business idea a reality. One of the greatest and probably the most important one is to listen to your customers. But, we will discuss this matter a little bit further down in this article.
Business | Reuters
Czech telecoms group CETIN chooses Ericsson for 5G network

Czech telecoms network operator CETIN will use technology from Swedish group Ericsson to build next-generation 5G networks, CETIN said on Monday. CETIN, part of investment group PPF, which also holds 81% in mobile operator O2 Czech Republic, is the first Czech network to signal its choice for building the new system.
Business | Prague Daily Monitor
Tourism industry will receive CZK 500 million in Covid funding

The government approved the new program in support of travel operators, travel agencies, and guides. It was stated by Klára Dostálová, the Minister for Regional Development. She added that CZK 500 million is prepared for these needs.
National | Business | Expats.cz
Government makes face masks mandatory at outdoor locations as of Wednesday

Amid a consistent rise in the daily number of COVID-19 cases, the Czech Republic will make the requirement to wear a face mask mandatory in outdoor locations where people are less than two meters apart as of Wednesday, October 21. Czech Health Minister Roman Prymula announced the new measure at a press conference following a government meeting yesterday.
Prague | Business | Expats.cz
Prague officials approve new plan to do tourism differently, focus on quality of life for residents

Businesses in Prague's city center that cater to foreign tourists have been significantly impacted by the coronavirus crisis, with tourism in the Czech capital down about 90% in the second quarter of 2020. But when things pick back up, those venues might want to expect a different kind of crowd: Prague city officials have just approved a comprehensive new plan for sustainable tourism that seeks to put the city first and achieve a balance with quality of life for residents.
Prague | Business | Expats.cz
High-speed mobile and data coverage extended to additional Prague metro stations

Passengers on Prague's metro system can now use mobile and data services in LTE quality in over half of the city's stations and adjacent tunnels. As of last week, coverage was extended to Chodov and Háje metro stations making the total count of underground stations covered by LTE signal 33 out of 61 total stations, Prague's transit authority said.
Finance | Radio Prague
HN: Crisis leads to more cash payments among small firms

The central bank says that the coronavirus crisis has caused Czechs to withdraw more cash from ATMs than usual, Hospodářské noviny reported Monday. However, this is not only to increase the ready money in their pockets – it is also because small firms have been making more cash payments at a time of uncertainty, the business daily said.