Friday, 24 October 2014
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.

Business | Radio Prague

Trade between the Czech Republic and Belarus has been steadily growing over the past decade, with Czech exports to that country having risen by more 250 percent over the last five years.

Business | Prague Daily Monitor

"The human mind treats a new idea the same way the body treats a strange protein; it rejects it." P.B. Medawar

Business | Business Week/Bloomberg

Building a new reactor at the Dukovany nuclear power station is a “logical step” in the Czech Republic’s energy strategy, Christian Democratic Party Chairman Pavel Belobradek said.

Business | Radio Prague

The Czech Finance Ministry is working on a draft law which would give the tax authorities more powers in investigating the source of undeclared property exceeding CZK 10 million.

Business | Radio Prague

A new campaign to support Czech-made food products will be launched this month.

Business | Radio Prague

A new poll conducted by the ČSOB bank for the Czech News Agency suggests that a majority of Czech companies – just under 70% – consider sanctions against Russia by the European Union and the US the right course of action. In mid-September ČSOB questioned more than 500 domestic companies. The same percentage, as it happens, agreed that losses as a result of Russian repercussions were not drastic.

Business | Fresh Plaza

Czech apple prices have dropped by 20 to 30%, mainly due to the Russian ban on imports and to this year's bumper harvest. Growers fear they risk falling short in funds for investment and operations, as stated by the president of the Fruit Union of the Czech Republic, Martin Ludvík.

Finance | Radio Prague

The number of Czech dollar millionaires in the Czech Republic increased by nearly eight percent in 2013 to reach a record 19,400 people, according to the firm Capgemini and RBC Wealth management.