Tuesday, 22 August 2017
Business | CIA News

Social and health insurance payments from average gross wage paid in the Czech Republic (34%) are the second highest among 19 Central and Eastern European (CEE) countries.

Business | Radio Prague

2017 is turning out to be a good year for Prague's hoteliers, who have managed to raise their prices to previously unseen levels. Meanwhile, occupancy rates also mean that rooms are producing a markedly higher yield than in the past, according to a report in the business daily E15. The average price of a hotel room in the Czech capital climbed by EUR 6 in the first six months of this year to reach EUR 86 per night, the newspaper said.

Finance | ČTK

Prime Minister Bohuslav Sobotka will support the intention to raise the salaries of teachers by 15 percent and of the rest of the state sector employees by 10 percent in the talks of the government with trade unions, Josef Stredula, head of the CMKOS umbrella trade union, told CTK on Tuesday.

Business | CIA News

Mall Group has finalised an agreement on the purchase of Košík.cz. The group has announced that an acquisition of the e-supermarket is already in progress and the new management is being formed.

Business | CIA News

Pension company ČSOB Penzijní Společnost (PS) had totally 635,690 clients as of the end of Q2 2017, incl. 533,133 clients in transformed fund (TF) and 102,557 in supplementary pension savings (DPS).

Business | CIA News

The Confederation of Industry and Trade (SP) has called for a revision of the investment incentive system to ensure support for investments with higher added value.

Business | Prague TV

The Czech Republic is among 17 countries joining a new feature on Facebook called Marketplace, which is becoming available here this month. The service is meant to rival online auction sites where people can sell their own items.

Business | Post and Parcel

The European Commission (EC) has found that plans by the Czech Republic to support the creation of a network of refuelling and recharging stations for low emission vehicles to be in line with European Union (EU) state aid rules.

Business | CIA News

Star Capital Investments became the new owner of the Futurum Ostrava shopping centre and OC Haná shopping centre in Olomouc.

Business | CIA News

Pension company Penzijní Společnost České Pojišťovny registered totally 1 160 502 clients as of the end of H1 2017. Of the total, PSČP had 1 008 832 clients in transformed fund pension insurance (PP) and 151,670 clients in supplementary pension insurance (DPS, up 41,406).

Business | CIA News

The current account of the balance of payments reported passive balance totalling CZK 14.5bn for June 2017. The balance of goods and services was active at CZK 33.6bn.

Business | Prague TV

Competition in bus line between Czech cities is heating up. Flixbus is launching new routes from Prague to Brno, Karlovy Vary and Český Krumlov (via České Budějovice) as of Aug. 17. Flixbus will add routes from Prague to Plzeň and Liberec as of Sept. 3.

Business | Prague Leadership Institute

For many of us, it is unusual to realize that many times victory comes not from talent or ability, but from doing nothing more than just not giving up.

Business | Radio Prague

Based on the second estimate of this year's harvest, it is expected that the production of basic cereals will reach an amount of 6,709 thousand tonnes and the production of rape seed will be 1,199 thousand tonnes.

Business | CIA News

In 1H 2017 the profits of Air Bank totaled CZK 277.3m according to international financial reporting standards (IFRS). This represents a y/y increase of 596 %, causing a market overvaluation of investments just like in 1Q.