Friday, 31 October 2014
Business | Radio Prague

The west Bohemian spa town of Karlovy Vary is looking to save money on heating bills by using the town's own natural resources – its hot thermal springs. The idea is for the town to gradually introduce this form of heating in all its public buildings.

Business | Reuters

Czech billionaire investor Petr Kellner, owner of the PPF group, raised his stake in 02 Czech Republic phone operator to 83.15 percent of voting rights, a central bank filing showed on Thursday.

Business | Trend.az

The Czech Republic's biggest builder PSJ will take part in construction of a city on artificial islands near the coast of the Caspian Sea in Azerbaijan, the Czech News Agency wrote citing Hospodářské noviny.

Business | Radio Prague

Compared to last year, prices of package vacations are up, between seven and 10 percent. According to Czech Radio, the weakened crown, the cancelation of charter flights to Thailand, and even fears over Ebola, have all played a role.

Business | Radio Prague

Jan Roháč and Martin Jůza are the co-founders of Ironing Ladies, a project launched over year ago employing women part-time who (for health reasons or the care of disabled family members) otherwise find it impossible to hold down a regular job.

Business | Radio Prague

More than half of the Czech Republic's industrial sector is controlled by foreign companies, according to the Czech Statistics Office. In 2012, the revenues of foreign-owned Czech-based industrial companies reached over three trillion crowns which represented nearly 59% of all industrial companies. Added value, created by these firms, reached CZK 501 billion, which was half of the total value. Most Czech-based industrial companies are controlled by owners from other EU countries followed by the US.

Business | Radio Prague

The Czech machinery firm PBS has landed a contract to develop a micro turbine for a new Chinese jetliner. The deal with the Hongdu Aviation Industry Group was sealed during the visit of Czech President Miloš Zeman to China.

Business | Radio Prague

Foreign companies interested in building or leasing warehouses, logistic parks, and production and assembly halls in the Czech Republic are discouraged by excessive bureaucracy, suggests a new study carried out by CEEC Research and KPMG Czech Republic.

Business | Radio Prague

The national air carrier ČSA which earlier announced plans to lay-off a third of its staff started handing out notices on Thursday.

Business | Radio Prague

The Senate on Wednesday approved a draft bill which would introduce a third Value Added Tax rate.

Business | Radio Prague

Czech Airlines has a received a commitment for financial support from its biggest shareholder Korean Air to boost its efforts to stabilize the loss-making company.

Business | Reuters

Czech artificial textile maker Pegas Nonwovens has received regulator approval for the issue of up to CZK 2.5 billion (USD 114.11 million) in bonds maturing in 2018, the company said on Thursday.

Business | Radio Prague

The lower house of Parliament has approved legislation that allows the exchange of information about banking accounts with other countries.

Business | Reuters

Czech downstream oil group Unipetrol will likely post similar results in the fourth quarter as in the third when it reported a large jump in profit, Chief Financial Officer Miroslaw Kastelik said on Wednesday.

Business | Radio Prague

Car production in the Czech Republic looks set to reach a record 1.2 million in 2014 the president of the country's Automotive Industry Association, Martin Jahn, said at a regional gathering of carmakers on Tuesday.