Tuesday, 19 February 2019
Business | Reuters

Czech lender Komercni Banka reported a slight dip in full-year net profit, but proposed a higher dividend for 2018 and said it would aim to pay out a similar portion of earnings for this year as well.

Czech Republic and the EU | Business | Prague Daily Monitor

Prime Minister Andrej Babiš will be in Bratislava on Thursday for a joint Visegrad 4 meeting with German Chancellor Angela Merkel. According to Vlada.cz, Babiš and the other V4 heads will discuss the upcoming European elections, the EU's external agenda and the Multiannual Financial Framework with Merkel.

Business | Prague Daily Monitor

Czech Television reports that Czech Railways, for the first time, paid out over CZK 2 million in compensation, to passengers for delays, last year. This figure was 20% higher than the previous year, as the national railway operator paid out CZK 2,127,845 over 6748 instances in 2018.

Business | Reuters

MONETA Money Bank aims to let its shareholders participate in a share issue to finance its takeover of Air Bank, its chief executive said, as the lender seeks investor backing for one of the biggest deals in Czech banking in years.

Business | ING Think

December industrial production fell by 1.4% due to the lower number of working days and fall in car production. For the whole of 2018, industry grew by 3% but this marks a deceleration from the 6.5% pace in 2017 and we expect a further slowdown this year due to the weaker automotive sector.

Business | ING Think

The construction industry had a successful year in 2018, growing by more than 8%, and according to the number of new building orders, the growth is not over yet.

Finance | Prague Daily Monitor

Culture Minister Antonín Staněk (CSSD) told Czech Television that he intends to ask for an additional CZK 2.4 billion in funds for the culture ministry next year. This year, the ministry will receive CZK 14.8 billion, and next year Staněk hopes to receive in excess of CZK 17 billion.

National | Business | Prague Daily Monitor

Lawyers for PM Andrej Babiš formally appealed against a ruling by the Černošice municipality which found that he had a conflict of interest, on Monday. The Černošice town hall had ruled against Babiš on January 23rd after a complaint from watchdog Transparency International about his conflict of interest in his role as PM and de facto owner of Agrofert.

Business | Prague Daily Monitor

Czech Television reports that the government's new construction law, aims to create a 'super office' for construction permits by 2021. This 'super office' will have a single-window approval system, for all documentation required to begin construction.

Business | Radio Prague

In 2017 director Marie Dvořáková followed the likes of Spike Lee, Robert Zemeckis and her compatriot Jan Svěrák in winning the Student Academy Award for her film Who's Who in Mycology.

National | Business | Prague Daily Monitor

Prime Minster Andrej Babiš (ANO) told Czech Television on Tuesday, that the Czech Republic would soon build a home and a school for 50 orphans in Syria, which would be eventually expanded. Babiš mentioned this, after his meeting with the Syrian Red Crescent Society, which took place earlier in the day.

Finance | Business | Reuters

Huawei and ZTE will be left out of more state tenders after the tax authority excluded them, the head of the Czech cyber watchdog, which issued a recent security warning about the Chinese technology firms, said on Tuesday.

Business | ING Think

Czech retail sales in December came in slightly weaker than expectations but for the whole year increased by 4.8% while car sales declined by 2%.

Business | Prague Daily Monitor

Agriculture Minister Miroslav Toman said that it was Poland's fault that contaminated beef was exported into the Czech Republic after meeting with the Polish Ambassador in Prague on Monday. His ministry is still mulling a ban on Polish beef after meat from sick cows made it into the country last week.

Finance | The Slovak Spectator

Some thousand Czechs and Slovaks working in Austria with children living abroad are suing Austria over the new rules that will significantly lower their family allowances.