Tuesday, 16 July 2019
Business | Expats.cz

Roadside advertisements have become illegal across the Czech Republic, but artistic installation are not specifically banned. Rather than take their distinctive eagle-shaped signs down, Karlovarské minerální vody (KMV), the maker of Mattoni bottled water, has been covering them over with concept art.

Business | Radio Prague

The present level of digitization in public administration will be woefully inadequate in three to five years according to a survey among its employees conducted by CEEC Research. They are calling for faster progress in the field, with greater coordination and interconnectedness of the system.

Finance | Yahoo Finance

The Czech Republic is projected to spend USD 17.7 billion on its armed forces over the next five years. The country enjoys a relatively stable security environment due to its strong counter terrorism capabilities, membership of NATO, and comparatively low international profile.

Business | Emerging Europe

Real estate developer RC Europe, founded by Czech investors Miroslav Hartman and Jan Prokop – two former directors of German retailer Lidl – has completed the purchase of a land plot in Miercurea Ciuc, in central Romania, from Israeli company Plaza Centers, Profit.ro has reported.

Business | Prague Leadership Institute

"There's no education in the second kick of a mule." Having been raised in the farm country of the Midwestern United States and having been kicked by a mule as a kid, this quote has a special meaning for me.

Business | Forbes

On the rooftop terrace of the five-star Hotel U Prince, Pavel Baudis surveys the city he's lived in for most of his 59 years. Baudis' baby is Avast, the anti-virus software that sits on more than 400 million computers and smartphones around the world.

Business | Expats.cz

Despite tough new laws, many exchange offices in Prague are continuing their old deceptive practices. The Czech National Bank (ČNB) has already fined several exchanges for violations, but this has not discouraged them.

Business | Expats.cz

The Czech Republic has been rated among the world's top ten most developed countries according to the 2019 Sustainable Development Report, a UN initiative now in its fourth year produced by the Bertelsmann Stiftung and the Sustainable Development Solutions Network (SDSN) to identify where the world's countries are at in long-term goals for sustainable development (SDGs).

Business | Real Estate | Brno Daily

According to the newest Eurostat data regarding the first quarter of 2019, Czech Republic has the second fastest growing property prices after Hungary. Last year, property prices in Czechia were ranked seventh in terms of fastest growth, at 7.5%.

Business | Radio Prague

Biotech companies within the PPF Group, controlled by Czech billionaire Petr Kellner, are reporting advances in efforts to extend the lives of cancer patients. The companies Sotio and Cytune Pharma announced on Thursday that they had started the first trial dosing of cancer patients with SO-C101, a superagonist fusion protein of interleukin IL-15. The first human patient began undergoing treatment at the Gustave Roussy Institute in Paris.

National | Business | Brno Daily

The survey conducted at the end of 2018 by Brno Expat Centre shows insight about the foreign residents of the city of Brno. The city seems to attract young professionals, with half of the respondents being between the ages of 26 to 35 years old, and 90% of them having university degrees.

National | Business | The Violin Channel

The Czech Philharmonic has this week announced that Concertmaster Josef Špaček will step down from the role – effective from the end of the 2019-2020 season. Josef, who was appointed to the Concertmaster position in 2011, aged just 24, has indicated he will leave the ensemble to focus on his solo career.

Business | ING Think

After higher than expected inflation in May, which reached 2.9 % in YoY terms, price growth slowed to 2.7% in June due to slightly weaker growth in prices of alcoholic beverages, fuel and electricity for households.

National | Business | BBC News

Seven people, including two Czechs, have been killed in a violent storm that swept across a region of northern Greece on Wednesday night. Gale-force winds, heavy rain and hailstorms lashed Halkidiki, near the city of Thessaloniki.

Business | The Slovak Spectator

Czech billionaire Petr Kellner is close to taking control over private broadcaster TV Markíza. The information was brought by the Denník N daily, which referred to five sources from the media environment. The negotiations are said to be in quite an advanced stage, and the owner may change soon. Kellner's PPF Group reportedly plans to also buy the Czech private broadcaster TV Nova, the Hlidacipes.org website wrote.