Tuesday, 18 September 2018
Business | Prague Daily Monitor

Czech Television reported that Czech exporters are keeping a keen eye on the Indian market as opportunities continue to open up. Exports for the first half of this year to India stand at 7.9 billion CZK, up 2% from the previous year, with annual trade between the countries standing at over 25 billion CZK.

Politics | Business | Prague Daily Monitor

Hospodarske noviny reported that both Czech and international diplomats in Prague are dissatisfied with the current situation at Cernin Palace, and the lack of clarity over Miroslav Poche's role at the ministry.

Business | Prague TV

The average gross monthly nominal wage for a full-time equivalent (FTE) employee in the Czech economy increased by 8.6 percent in the second quarter of 2018 compared to the same period of the previous year. In real terms, it grew by 6.2 percent.

Business | Prague Daily Monitor

Transport minister Dan Ťok on Twitter, unveiled the design for next year's (2019) vignettes for the use of Czech highways and simultaneously announced that his ministry was moving towards a completely electronic system that would replace the traditional paper stickers.

Politics | Business | Prague Daily Monitor

Prime Minister Andrej Babiš told Czech journalists assembled in Berlin, that the Communist Party in the Czech Republic, should have been banned in the country after the fall of communism. Babiš visited the Berlin Wall memorial to offer a wreath in memory of the victims of the wall and communism.

Finance | Prague Daily Monitor

The governor of the Czech National Bank, Jiří Rusnok on Wednesday unveiled the new series of 100 and 200 CZK banknotes that follow the series of notes from the years 1995 to 1998. The notes maintain the same motifs of Karel IV and Jan Amos Komenský and their trademark green and brown colouring respectively.

Business | Prague Morning

The Czech Ministry of Agriculture has unveiled plans to ban imports of food products which have been repeatedly fined by the country's food safety agency for their low quality or presence of contaminated ingredients.

National | Business | Radio Prague

There are more people behind bars in the Czech Republic per capita than anywhere else in central Europe, despite efforts over the past decade to promote alternative sentences, such as house arrest or work-release programmes. With the penal system at overcapacity, Prison Service officials have renewed calls for action.

Business | Radio Prague

The biggest contract in the modern history of the Czech Army will not be awarded on the basis of a public tender process, Czech Television reported. The Ministry of Defence intends to directly address potential suppliers of over 200 mechanised infantry combat vehicles, the station said. The contract should come in at a cost of CZK 53 billion. An army spokesperson said there were few suppliers of such hardware and that it would consider offers from four producers that met its requirements. Military chiefs want the vehicles to be supplied by 2020.

Business | Radio Prague

Police have changed another 35 people in a long-running fraud case concerning now bankrupt engineering company ČKD Praha DIZ, a significant player on domestic and international markets until two years ago. In total about 60 people, including the company's former owner, have been charged.

Finance | Prague Daily Monitor

According to the Czech Statistical Office and Eurostat, overall prices in the Czech Republic have risen 39.7%, in the last seventeen years. The highest increase was seen in the areas of housing and utilities, and healthcare where prices have more than doubled.

Prague | Business | Radio Prague

Home goods store IKEA is planning to open an outlet on Prague's Wenceslas Square in just over two weeks' time. The 800 square metre shop will focus on living rooms.

Business | Prague Connect

The Czech Business Club on Pařížská street hosts breakfast with the CEO of ING Bank Sept. 18. You can join in a discussion about changes in the banking sector in the recent period, about the future trends and anything else related to that.

National | Business | Prague Daily Monitor

Indian President Ram Nath Kovind will visit the Czech Republic this week from September 6th to the 9th, on invitation from President Milos Zeman.

Finance | Prague Daily Monitor

The average wage in the Czech Republic in the second quarter of 2018 grew 8.6% on a year-on-year basis from 2017, to 31,851 CZK, according to data from the Czech Statistical Office.