Thursday, 19 July 2018
Business | Financial Post/AP

Uber is to give the Czech Republic's finance ministry information on its drivers' activities so the proper amount of tax is paid. According to the deal signed Thursday, the ride-hailing service also agreed that as of October its new drivers will join an electronic reporting system introduced by the local authorities. Initially, the agreement will be effective for a year. Uber will then assess its functioning.

Business | Prague Connect

The fourth edition of the annual Soft Power 30 Index was launched Thursday by Portland, the strategic communications consultancy, in partnership with the University of Southern California Center on Public Diplomacy. The Czech Republic moved up to 26th in this years ranking, moving ahead of the Russian Federation and China in this year’s Soft Power 30.

Finance | Radio Prague

Despite rising wages and low unemployment, only 53% of Czechs aged 30 or over are "satisfied" with their financial situation, according to a new STEM / MARK poll commissioned by Globus hypermarkets.

Business | ČTK

The defence spending of the Czech Republic must be growing gradually and it will reach the target of 2 percent of GDP in 2024, Defence Minister Lubomir Metnar (ANO) told journalists on Thursday.

Business | Radio Prague

The European Commission has revised downward its forecast for the growth of the Czech economy this year and in 2018. According to its latest prognosis, Czech gross domestic product should expand by 3.0 percent this year and 2.9 percent next year. An earlier forecast had suggested growth of 3.4 percent in 2018 and 3.1 percent in 2019.

Business | Radio Prague

The Czech Federation of Food Banks has recorded a sharp increase in the amount of food donated to charities. According to Czech Radio, the amount of food collected in the first quarter of 2018 was five times higher than in the same period last year.

Business | Prague TV

Discount air carrier EasyJet will start flights from Belfast to Prague on Oct. 29, 2018. They will operate twice weekly on Mondays and Fridays on an Airbus A319 aircraft with fares starting from CZK 814.49 one way per person. Tickets go on sale July 12.

Business | Bicycle Retailer

The 17-year-old Czech Republic brand, Apache Bicycles, made its first Eurobike appearance here this year, as the brand looks to expand outside its home market and offer its bike assembly services to companies looking to avoid potentially crippling anti-dumping duties on Chinese-assembled e-bikes.

Business | Radio Prague

Consumer prices in June rose 2.6% year on year, driven by higher costs for fuel, electricity, and household rent, the Czech Statistical Office said on Wednesday. Prices for telecommunications, clothing and heating fell in annual terms. Inflation has accelerated for a third consecutive month, following a growth rate of 2.2% y/y in May.

Business | Radio Prague

Czech hotels and other accommodation facilities saw a record number of tourists in May, the daily Hospodářské noviny reported on Tuesday.

Finance | Brno Daily

The Czech crown has opened the week with a slight recovery after dropping to its lowest value of 2018 last week. The latest exchange rate forecast published by the central bank in May 2018 predicts that the crown will strengthen to 24.6 per euro by the end of this year.

Finance | ČTK

Czech trade unions have reservations about the new government's policy statement and want it to be changed, union leader Josef Středula said on Monday, criticising the plan to separate the pension system account from the state budget and the missing plan to raise the subsistence level.

Business | Radio Prague

This summer, aphids – those small, sap-sucking insects which infest potatoes and other key agricultural crops – have been appearing on Czech farms in alarming numbers. While drought is a factor, efforts to save the honeybee are also behind the infestations.

Business | Industry Europe

Czech Railways (ČD) has awarded a EUR 115m contract to a consortium comprised of Škoda and Siemens, which will see the joint venture manufacture 50 Viaggio Comfort passenger cars for the Czech Republic's main railway operator.

Business | Radio Prague

The number of dollar millionaires in the Czech Republic has increased to 28,140, which is an increase of nearly 11 per cent on the previous year, according to figures released by the consultancy Capgemini on Monday.