Thursday, 2 April 2015
Business | Radio Prague

The Czech Republic's national carrier Czech Airlines is no longer a state-owned company. This week, its majority stake has moved into the hands of private companies. Travel Service company, a member of Unimex Group, announced on Tuesday that it has finalised a purchase of 34% of the Czech air carrier after action on the purchase option offered by Korean Air. It therefore becomes Czech Airline's second largest shareholder.

Business | RTT News

Czech manufacturing growth improved more-than-expected in March on stronger growth in new orders, purchasing activity and employment, extending the current upturn to nearly two years, survey data from Markit Economics revealed Wednesday.

Finance | Radio Prague

The state budget surplus more than halved to 19.9 billion crowns in January to March compared with the first quarter of 2014, the Ministry of Finance announced on Wednesday.

Business | CIA News

The value of real estate transactions concluded in the Czech Republic in Q1 2015 reached EUR 915m. Commercial properties worth ca. EUR 2bn swapped owners in 2014.

Business | CIA News

Developer ORCO PROPERTY GROUP recorded total revenues in the amount of EUR 19.32m in the Czech Republic in 2014.

Business | ČTK

The Czech company Nafigate Corporation gained the international prize Frost & Sullivan for having placed on the market an innovative biotechnology with which bioplastic can be produced from used frying oil, the company announced on Tuesday. The technology was patented at the Brno University of Technology (VUT).

Finance | Radio Prague

Queues have been forming at tax offices around the Czech Republic ahead of Wednesday's deadline for filing income tax returns. Those who submit their documentation after the last day of March may face fines.

Business | The Prague Post

The redesigned Škoda Fabia received the Red Dot Award for its outstanding product design. The Red Dot Award is presented annually by a top-level international panel of experts.

Business | The Prague Post

The amount of warehouse space leased by internet retailers tripled in the second half of 2014, with over 180,000 sq m of warehouse space being leased. This strong increase is driven by the market leaders (Amazon, Mall.cz and Alza.cz), with Amazon alone leasing over 130 000 sqm.

Business | Reuters

The Czech central bank sharply increased holdings of currencies other than the euro and U.S. dollar in its foreign exchange reserves last year, the bank's annual accounts showed on Tuesday.

Finance | Radio Prague

President Zeman wants to open a debate on a time frame for Czech adoption of the euro, the ctk news agency reports. According to the president's spokesman Mr. Zeman wants to meet with Prime Minister Sobotka next week to discuss a possible meeting on the euro at Lany Chateau in the coming months.

Business | CIA News

The gross domestic product of the Czech Republic adjusted from seasonal and price influences increased by 1.4% y/y in the fourth quarter of 2014.

Business | CIA News

The company ČEPRO has made public preliminary announcements of public tenders for general contracts on the provision of organic parts of fuel with help of pipelines and railway in the year 2016.

Business | Business Standard

As part of its restructuring plan, commercial vehicle major Ashok Leyland has divested its entire stake in company's Czech Republic subsidiary Avia Ashok Leyland. The company made a cash realisation of USD 10.96 million.

Business | Radio Prague

The Czech Republic's biggest tobacco company, employing around 1,000 at its main plant at Kutná Hora, upped its sales and profits for 2014. But its share on its Czech home market continued to slide under competition from cheap rivals and bootleg sales while it enjoyed greater success and a rising share of smokers in Slovakia.