Friday, 19 July 2019
Business | Radio Prague

The Czech lottery company Sazka Group has submitted a bid to buy out the remaining shares in the Greek company OPAP, which going by revenue is the fourth largest betting company in Europe.

Business | Reuters

PPF Group, owned by the Czech Republic's richest businessman Petr Kellner, has sold a 4.5% stake in Russian gold and silver producer Polymetal, a bookrunner for the deal said on Wednesday.

Business | Expats.cz

Medical cannabis should be 90 percent covered by insurance companies in the Czech Republic due to an amendment to the Medicines Act, which passed its final reading in the Chamber of Deputies. The bill now goes to the Senate.

Business | Expats.cz

Supermarket chain Lidl is building a logistics center near Kladno, in the town of Buštěhrad, some 20 kilometers northwest of Prague. The warehouse, on the site of a former steel plant, should open in 2021.

National | Business | Brno Daily

Last month, Brno City Councillors approved budgetary measures for the creation of two tombstones at Brno's Central Cemetery dedicated to two famous Brno personalities, Emil Paleček and Ivan Ruller, both who are originally from the city of Brno.

Business | Radio Free Europe/Radio Liberty

Radio Free Europe/Radio Liberty's (RFE/RL) Board of Directors has named Jamie Fly as the company's President and CEO, effective August 1, 2019. "Jamie is an extraordinary choice to lead RFE/RL at this critical juncture," said RFE/RL and United States Agency for Global Media (USAGM) Board Chairman Ken Weinstein.

Business | Radio Prague

The Czech Republic's year-on-year industrial production figures grew by 3.2 percent in May, 0.1 percent less than in the previous month, according to figures released by the Czech Statistics Office on Monday.

Business | Reuters

The Czech government has given preliminary approval for a plan by a subsidiary of electricity producer ČEZ to build a nuclear power station with the government providing guarantees to help it secure cheaper financing. ČEZ is 70 percent state-owned and has previously declined to invest in nuclear alone given high costs and unclear returns. The plan presented by Industry and Trade Minister Karel Havlíček does not specify how to handle economic viability.

Business | Radio Prague

The Czech guitar manufacturer Furch Guitars has been growing steadily since the Velvet Revolution and its instruments are played by many famous musicians. Now the company has announced that it plans a big expansion in the United States, specifically to Nashville, the city many call the country music capital of the world.

Business | Real Estate | Expats.cz

Rental costs have gotten so high, Czechs are now moving to Germany. It sounds like the punchline to a bad joke, but it's now a reality in the Czech Republic in areas near the German border, reports Česká televize.

Business | MoneyWeek

Few people outside central Europe had heard of Daniel Křetínský a decade ago. Now he is one of the continent's top dealmakers with an eye for helpful connections and cheap assets.

Business | TRBusiness

Prague Václav Havel Airport has unveiled a new fashion store at Terminal 2 from famous tennis star Björn Borg. The eponymous outlet opened last on June 27 at the end of Pier D. It is the brand's first business unit in the Czech Republic.

Business | IntelliNews

Hungarian booking website Szallas.hu acquired sector peer Czech-based Hotel.cz group on July 8, making it the fifth market outside of Hungary, in line with its growth strategy.

Business | Forextv.com

The Czech Republic's industrial production growth slowed in May after rising in the previous month, the Czech Statistical Office showed on Monday. Industrial production climbed 3.2 percent year-on-year in May, after a 3.3 percent increase in April. Economists had expected a 1.1 percent rise.

Finance | Radio Prague

This June, 926 personal bankruptcies were officially registered in the Czech Republic, a drop of 341 from May and the lowest number in any month this year. But overall personal bankruptcy filings have risen to 2,227, the highest number since 2013, according to data from CRIF – Czech Credit Bureau. CRIF analyst Věra Kameníčková says the number of personal bankruptcy petitions is increasing due to the amendment of the Insolvency Act, which came into force in early June and allows for a wider group of people to qualify.