Tuesday, 22 May 2018
Finance | ČTK

People in the Czech Republic spent CZK 39.8 billion on gambling in 2017, which is half a billion more than the previous year, national drug coordinator Jindřich Vobořil said on Tuesday. One third of the sum was spent on online gambling, while it was only 3 % in 2009.

Business | Reuters

A new Czech market for small company listings had a mixed start on Tuesday, with one firm selling all the stock it had planned, but a second only finding buyers for a third of its offering and another abandoning its listing altogether.

Business | Reuters

Czech soft drinks maker Kofola Ceskoslovensko is ready to quit the tough Polish market unless it can find an acquisition in the coming months to expand its portfolio, the company said on Tuesday.

Business | Radio Prague

The Czech economy continued to grow strongly in the first quarter of this year, albeit at a slower rate than previously. Gross domestic product expanded by 4.5 percent year-on-year between the start of January and the end of April, down from 5.5 percent in the final quarter of 2017, according to preliminary official data released on Tuesday.

Business | Prague TV

The Czech Post Office in Prague currently lacks dozens of delivery workers, especially for letters. There are also employee shortages in other critical areas, and the Czech Post Office (Česká pošta) is using a recruitment campaign to look for temporary brigade and new full-time employees.

Business | EurActiv

Czech firms in the southwest are facing labour shortages as residents living close to the border are increasingly commuting to Germany for work. The main incentives are salaries, three times higher than the Czech average, and child benefits, the so-called kindergeld.

Business | Radio Prague

The head of the state-owned forestry company Lesy ČR, Daniel Szórád, has been sacked by the Minister of Agriculture in resignation Jiří Mílek. The reason? The continuing calamitous impact of bark beetle infestation in state forests and the former boss's apparent inability to do something about it.

Business | Prague TV

Škoda Auto is opening a new competence center at the Kvasiny production site. The car manufacturer now combines a testing and quality center, a logistics training center, an event hall and storage areas for pre-series vehicles at the multifunctional facility.

Business | Prague Leadership Institute

"Mrs. Clinton has lost control of events as a result of an obsessive need to manipulate them." Peter Wehner's op-ed piece in The International New York Times titled "The Politics of Self Destruction" speaks so eloquently to a major issue in the transition from management to leadership.

Finance | ČTK

The policy statement of the planned government of the ANO movement and the Social Democrats (CSSD) expects the Czech defence budget to reach 1.4 percent of GDP only in 2021 when its term ends, while the previous government of these two parties promised that this would happen in 2020.

Business | Radio Prague

Czech electricity producer and distributor ČEZ has announced a 17 percent drop in first quarter profits to 7.3 billion crowns. Turnover dropped by 14 percent to 45.4 billion crowns.

Business | Radio Prague

ČEZ says it sees no obstacle in the Temelín nuclear power plant operating for 60 years. The state-controlled power company said a technical and economic investigation found no fundamental safety or technical reason why the first reactor could not operate until 2060 and the second unit until 2062.

Business | Radio Prague

The Czech tourism sector has witnessed a buoyant first quarter with guest figures up 11.4 percent compared with the same period in 2017.

Business | Radio Prague

Penny Market is the first supermarket chain in the Czech Republic to sell bread made of cricket flour, news website Aktualne.cz reported on Wednesday.

Business | Prague TV

Prague ranked eighth in the list of most popular congress and meeting destinations, compiled annually by the International Congress and Convention Association (ICCA). Prague has risen three positions since 2016 is now among the world's top 10 congress destinations.