Friday, 22 September 2017
Business | Radio Prague
Antimonopoly office cancels rail modernization tender

The Office for the Protection of Competition has canceled a tender for the modernization of part of railway infrastructure in Prague for CZK 3.5 billion on the grounds that the SŽDC, the body which oversees railway infrastructure, breached the law on public tenders.

Finance | Radio Prague
Czech foreign debt rises to CZK 4.5 trillion

The Czech Republic's total foreign debt rose by 47.4 billion crowns to nearly 4.5 trillion crowns in the second quarter of this year, accounting for 91.9 percent of gross domestic product, according to preliminary data released by the Czech National Bank on Wednesday. Year-on-year, the foreign debt was nearly 1.1 trillion crowns higher.

Business | Radio Prague
Sale of Fairtrade products rose sharply in 2016

The sale of Fairtrade products in the Czech Republic has been increasing, according to the head of Fairtrade Czech Republic and Slovakia Hana Chorváthová.

Business | CIA News
ČS opens tender for its headquarters in Prague-Smíchov

Czech bank Česká spořitelna (ČS) has partnered with studio MOBA to open an international architectonic tender for the new building of its headquarters.
Business | CIA News
Lidl launches e-shop for general public

Czech retail chain Lidl launched an e-shop for the Czech Republic on September 20, 2017. Goods will be delivered within three days from ordering. It is possible to pay with help of payment cards or cash on delivery.
Business | CIA News
FSČR: VAT income annual grows to CZK 243.1bn

The national VAT income in the Czech Republic totalled CZK 243.11bn as of September 15, 2017. The income totalled CZK 219.73bn as of the end of the same period of last year.
Finance | Radio Prague
Financial literacy important as early as elementary school

Teens in the Czech Republic get, on average, almost 700 crowns from their parents per month, according to a study focusing on financial literacy conducted by ČSOB bank. Financial literacy has been a compulsory subject in the classroom for four years.
Business | ČTK
HN: Czechs start approaching applied arts as investment chance

Czechs are starting to approach applied arts as an alternative investment opportunity, in addition to real estate, land, gold and plastic arts, daily Hospodarske noviny (HN) wrote on Tuesday.
Business | ČTK
LN: New Chinese-Czech cooperation centre starts operating

A new Chinese-Czech Centre for Cooperation was founded this year, but the representatives of the Czech state have provided almost no information about it so far, daily Lidove noviny (LN) wrote on Tuesday.
Business | CIA News
EPH acquires German power plant Mehrum

Energetický a průmyslový holding (EPH) has signed with Enercity and BS Energy a contract on the sale of shares in Kraftwerk Mehrum, the owner of the power plant Mehrum.
Business | CIA News
Škoda Auto will invest EUR 2bn in China

Chinese Minister of Industry and Information Technology Miao Wei has visited Mladá Boleslav-based automaker ŠKODA AUTO. The automaker intends to strengthen the position on its most important market in the framework of the Strategy 2025.
Business | CIA News
AutoSAP: Car production up to 945,780 vehicles

Motor vehicle production in the Czech Republic totalled 945,780 units in 8M 2017, up 5.7% y/y.
Business | Radio Free Europe/Radio Liberty
Kyrgyzstan scraps hydropower project deal with Czech company

Kyrgyz Prime Minister Sapar Isakov says his government has canceled an agreement with a Czech company to construct parts of Upper Naryn Cascade hydropower project and several other hydropower plants.
Finance | ČTK
Czech pensions to go up more than in previous years

Czech monthly pensions are to increase by CzK 475 on average next year, which is their highest rise since 2008, Labour and Social Affairs Minister Michaela Marksová said after a cabinet meeting on Monday.
Business | Radio Prague
Czech government clears consumer rights boost

The Czech Republic's national record on consumer protection has not been outstanding with scandals often erupting about sharp practices by salesmen and companies. But ministries on Monday won support for moves to clarify and strengthen consumer rights.