Sunday, 23 September 2018
Business | Reuters
Czechs sign USD 494 million highway toll deal with consortium

The Czech transportation ministry signed a 10-year highway toll contract worth CZK 10.75 billion (USD 494.28 million) starting in 2020 with a consortium of CzechToll and SkyToll on Thursday, it said.
Finance | Radio Prague
Government agrees next year's budget

The 2019 draft budget is to focus on investment, increase of public sector salaries and the raising of pensioners' living standards, Finance Minister Alena Schillerová said after it won government approval on Wednesday. The budget proposal counts on a CZK 40 billion deficit; ten billion less than originally planned by the Ministry of Finance.
Business | Reuters
Czech investor tightens grip on Metro with additional stake

Czech investor Daniel Kretinsky is buying more shares in German retailer Metro from Ceconomy, the companies said on Thursday, likely stoking speculation of a full bid. Metro, whose shares are down a third so far this year, has been refocusing on its core cash-and-carry business, selling its Kaufhof department stores and splitting from electronics chain Ceconomy last year - which retained a 10 percent stake.
National | Business | Prague Daily Monitor
Zeman calls for Czechs to support Hungary

President Milos Zeman who is in the midst of a state visit to Germany, told Barrandov TV that the Czech Republic should support Hungary in its battle against the European Parliament, as it is in Czech interest to do so.
Finance | Politics | Prague | Prague Daily Monitor
Čižinský says there is corruption at Prague City Hall

Jan Čižinský the leader of the citizen's movement Praha sobe which is contesting the communal elections in Prague told DVTV on Thursday that there was a lot of corruption at city hall in Prague. He added that change would not be possible with the ODS and ANO, and Praha sobě would not form a coalition with them if it were given the option.
Finance | National | Prague Daily Monitor
Environment Minister says water will not be more expensive

Richard Brabec (ANO), Minister for the Environment told Pravo in an interview that the price of water would not rise, despite the drought-like situation in many parts of the country.
Business | The Guardian
If the Czech economy is thriving, why are we so poor?

The transition from state socialism to capitalism has created deep feelings of injustice among those in manual jobs.
Business | Prague Connect
Business Breakfast with Hynek Žikovský

Honorary Consul of ČR in Montreal and a partner of CMKZ law office in Montreal will present and discuss practical experiences and advices how to use benefits of CETA and expand your business to Canada.
Czech Republic and the EU | Business | Prague Daily Monitor
Babiš says EU must justify increase in Frontex

PM Andrej Babis told reporters gathered ahead of the informal EU summit in Salzburg, that the block must clearly justify increase in spending for Frontex and any increase in numbers. EU Heads of Government will debate President Jean Claude Juncker’s suggestion that Frontex numbers be increased to 10000 by 2020.
National | Business | Prague Daily Monitor
Zeman begins official visit to Germany

President Milos Zeman began a scheduled 3 day state visit to Germany on Wednesday. He began his visit by meeting with Guenter Verheugen, former European Commissioner for Enlargement and later for Enterprise and Industry. They discussed the future of the EU post-Brexit, amongst other matters.
Politics | Business | Prague Daily Monitor
TOP 09 fails with Syrian orphan resolution

TOP 09 failed in parliament on Wednesday to pass a resolution in the lower house requesting the government to accept 50 Syrian orphans.
Business | Real Estate | Radio Prague
Bureaucracy to blame for rise in Prague house prices

Czech economic research institute CETA published a study focused on the residential housing market in Prague on Friday, which claims that bureaucratic hurdles, coupled with high demand, are primarily responsible for the current low availability of housing in the capital. It also claims that Airbnb flats, which have been the centre of focus for many councillors, are not to blame.
Business | Real Estate | The Slovak Spectator
Blog: No bubble on Slovak or Czech residential real estate market

The current state of the Slovak and Czech residential real estate market - what are the risks?
Business | Prague Daily Monitor
Škoda Auto to invest EUR 2 billion in electric cars and emission limits

Hospodarske noviny reports that Skoda Auto intends to invest over EUR 2 billion over the next two years in the development of electric vehicles and automation. Without this investment, it does not believe it will be able to ensure its compliance with newer European emission standards in the future.
Politics | Business | Bitcoinist
Czech PM accuses Pirate Party of mining Bitcoin

Bitcoin mining became the subject of an unexpected political clash in the Czech Republic. The Prime Minister accused his opposition, the Czech Pirate Party, of doing nothing useful in the IT sector other than mining Bitcoin.