Monday, 24 April 2017
Business | Radio Prague

The Czech tourism sector has something to celebrate following the announcement last week of record incoming visitors for 2016. But all is not rosy in the sector with some arguing that more could be done to promote tourism and others saying that established businesses playing by the rules are being undermined by those, especially in the so-called new economy, who are flouting them and undermining fair competition.

Business | Radio Prague

Nearly 15 percent of Czechs switched to a different bank last year to avoid paying high fees, the daily Hospodářské noviny reported this week.

Finance | ČTK

The Czech government coalition council failed to agree on dividing the 2016 state budget surplus on Wednesday and the coalition parties' experts will on Thursday draft a compromise proposal for the cabinet's Monday meeting, Jaroslav Faltynek (ANO) has told journalists.

Business | CIA News

Central Group has acquired the tesla Hloubětín area from Tesla. The value of the transactions was not disclosed. According to the developer, it plans to build a residential quarter with shops and restaurants on the plot covering 70 hectares.

Business | CIA News

Czech automaker ŠKODA AUTO delivered more than two million cars to China in last ten years. The showed a new sales record with 317,100 delivered cars (+12.6%) in 2016.

Finance | CIA News

Municipalities, voluntary unions of municipalities, regions, and regional councils of cohesion regions posted consolidated income totalling CZK 69.4bn and expenses of CZK 54.1bn as of the end of February 2017.

Business | Bloomberg

Foreign owners of Czech businesses will face more government pressure to raise wages, Prime Minister Bohuslav Sobotka said, highlighting a key campaign theme for fall elections. Salaries in the richest ex-communist European Union member are still too low and represent a "serious problem" for the economy, the premier said after meeting with union leaders in Prague on Tuesday.

Business | Reuters

A Czech regional court issued an injunction on Tuesday against the Uber Technologies ride-hailing service in Brno, the country's second-largest city, the city government said on its website. The court accepted Brno's complaints, namely that Uber drivers have not passed required tests and their cars are not equipped with taximeters.

Business | Radio Prague

Odometer fraud continues to be a major problem for buyers of second-hand cars in the Czech Republic. Past studies suggested that as many as 42% of vehicles sold, including imported cars, had seen their odometers tampered with.

Business | ČTK

It would be better if Ukrainians worked at home and were not looking for jobs abroad, the new Ukrainian ambassador to the Czech Republic, Yevhen Perebyinis, told CTK on Tuesday.

Business | Prague Connect

Meet Dana Prudíková, Deputy Minister for Legislation and Strategy, Ministry of Education, Youth and Sports

Business | Prague Connect

The British Chamber of Commerce, the German-Czech Chamber of Industry and Commerce, and the Nordic Chamber of Commerce in the Czech Republic invite you to the Trio Business Mixer. Make new contacts with members of three important chambers on the Czech market.

Business | CIA News

RegioJet will add new Bombardier TRAXX locomotives and 16 Astra cars to its fleet in 2017. The carrier has announced that the locomotives and cars are approved for operation in the Czech Republic, Slvoakia and other European countries.

Business | CIA News

ZVU STROJÍRNY has delivered a 55.6meter absorption column to India. The column shows a diameter of 4.4 metre and weighs 290 tonnes.

Business | CIA News

Public investors opened totally 266 building tenders worth CZK 9bn in 2M 2017, down more than two fifths y/y for both the number of tenders (down 43.3%) and their value (down 44.1%).