Saturday, 21 January 2017
Business | Real Estate | Prague TV

Business conglomerate Penta Investments bought the site of a former brewery in Prague's Nusle neighborhood, and they plan to build a CZK 2 billion project with some 450 flats. A historical property on the site will be preserved and likely have shops and offices as well as some flats.

Business | Radio Prague

The Czech Republic's second city, Brno, has signed a memorandum with the company behind a revolutionary transport concept, the hyperloop.

Business | Reuters

After struggling one night to get chains on his tyres on a snowy mountain, Czech businessman Petr Gross decided he needed to come up with something that did the job better.

Business | NASDAQ

The Czech telecoms regulator CTU is pushing O2 Czech Republic and Vodafone to cut wholesale prices for mobile internet services (LTE) charged to virtual operators, warning they could lose frequencies won in a past auction.

Finance | Reuters

The Czech central bank could remove its cap on the crown in the second half of 2017 not mid-2017 as has repeatedly been identified as the most likely time, Vice-Governor Mojmir Hampl was quoted as saying on Thursday.

Business | CIA News

The software company Oracle announced the signing of a contract on acquisition of Apiary on January 19, 2017.

Business | CIA News

Totally 43,000 taxpayers have so far participated in the electronic revenue registration (EET) system and sent totally 119 million bills.

Business | ČTK

The Slovaks who live in the Czech Republic have on average almost one-third higher salaries, 33,226 crowns a month, than Czechs who are paid 27,520 crowns, daily Lidove noviny wrote on Wednesday, quoting the figures for 2015 released by the Czech Statistical Office.

Business | Radio Prague

Companies in the Czech Republic are among the highest European users of the Internet to sell their goods and services, according to the industry association SPIR.

Business | Prague Connect/Leaders Magazine

With regards to the Czech political scene, I do not see many leaders who could be true leaders, i.e. credible moral authorities, not only pragmatic power managers. I know many people who could grow to become leaders among young people, especially among those who studied and gained experience in the West. The challenge is that many capable individuals studying abroad at top universities do not wish to return home.

Business |

Czech group CPI Property Group will acquire 11 shopping centers in the region, including the Felicia mall located in Iasi, Romania, from two funds managed by CBRE Global Investors.

Business | ČTK

Some 25 foreign firms with websites in Czech provided unlawful online services, enabling clients to open a web account and deposit money in it at the beginning of the year, Transparency International (TI) Czech branch head David Ondracka told reporters on Wednesday.

Business | Radio Prague

The Czech labour authorities caught more foreigners than Czechs working illegally for the first time ever last year, reported on Wednesday. While 1,338 non-nationals were uncovered working off the books in 2016, the number of Czechs was 758.

Business | CIA News

The European Investment Fund (EIF) and the group UniCredit will provide EUR 160m to innovative small and medium-sized enterprises (SME) in eight countries.

Business | CIA News

Group Accolade invested CZK 1.7bn in three buildings located in the Panattoni Park in Cheb in 2016. The company will likely complete a hall for Tchibo there in the first quarter of 2017.