Business

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The stores occupying more than 400 square meters will be required to sell the obligatory minimum of Czech-produced products, states the new proposal to the Food Act that was approved today by the Chamber of Deputies. Eight countries from the European Union have already criticized the proposal because it is discriminatory against foreign-made products.  The proposal will apply to the products which can be produced in the Czech Republic. The rule won’t apply to stores smaller than the required 400 square meters, as well as the outlets. Next year, the obligatory quota will be 55 percent with plans to grow to 73 percent in seven years.  The Minister of Agriculture Miroslav Toman doesn’t see anything problematic with the proposal beingContinue Reading

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Chcípl PES initiative plans to establish a political party Otevřeme Česko (Open Czechia). According to restaurateur Jiří Janeček, partnering restaurants, pubs and shops will become places for political party’s meetings, which will make them exempt from COVID-19 related measures. “It is a response to the restrictions of this government, which does not want to deal with us, it only saves itself,” Janeček stated. Janeček added that the point of the party is not to participate in the elections but rather to solve the current situation. They will organize a petition for the restaurants and stores to start conducting political activities. The restaurants can be recognized as spaces for political meetings with the citizens. According to Janeček, this would then exemptContinue Reading

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After nearly a year of not being able to operate at normal capacity, České dráhy (Czech Railways) has been forced to lower some employee’s wages, and get rid of others, Irozhlas reports. Gabriela Novotná, the spokesperson for České dráhy, announced on Sunday that the company planned on reducing wages for 700 administrative employees, and likely release others in a plan that is supposed to only last for a year while the COVID-19 restrictions are hampering business.  Ivan Bednárik, CEO and chairman of the board of directors of ČD reiterated the measures are only temporary as the company waits out the coronavirus situation. “The pandemic has to end one day, so if we reduce contractual wages this year, it won’t beContinue Reading

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According to the Czech Statistical Office, the Czech Republic experienced the highest inflation rate seen in the last eight years. The raised prices on groceries and housing bills are some of the factors which influenced this year’s index. Consumer prices increased on average by 3.2 percent last year, which is the highest increase since 2012. The current inflation rate is even higher than the last year’s one – 2.8 percent. “This was the highest average annual inflation rate since 2012. Prices of goods in total and prices of services rose by 3.2 percent last year,” Pavla Šedivá, the Head of the CZSO Consumer Price Statistics Department, stated. December’s usual increase in prices slowed down for the fifth time in aContinue Reading