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A quarter of Czechs still leave their savings susceptible to the inflation process by securing them in cash. However, they are interested in making new investments, according to the Generali Investments CEE research. Cash savings are a preferred choice for a tenth of participants, especially for those with basic education. 14 percent of the respondents prefer keeping savings in a bank account. “More than a fifth of Czechs have over 100,000 crowns in cash or in a bank account. Their savings are also subject to inflation and lose value in real terms. For example, last year, people who saved their money that way suffered a loss of up to 3.2 percent in value due to inflation and insufficient financial literacyContinue Reading

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The Czech Republic saw a decrease of 11 percent in entrepreneurship in the last quarter compared with the last year’s results. Only 14 000 Czech entrepreneurs established their own new businesses which is the lowest result in 12 years. People were not exceptionally hopeful about the first quarter of the year because they did not expect the restrictions to be over. However, according to CRIF (Czech Credit Bureau), the number of closed businesses was also low. “In the first quarter of this year, people had little hope for an early easing of anti-epidemic measures. At the same time, they assumed that existing entrepreneurs are experiencing the worst period since the beginning of the pandemic,” CRIF analyst Věra Kameníčková explained. SheContinue Reading

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České dráhy will be spending 12.5 billion CZK on new and improved trains from Siemens Mobility and Škoda Transportation that will be gradually integrated between 2024 and 2026.  The new trains will start off by running from Prague via Ústí nad Labem to Hamburg or via Brno to Budapest and Vienna.  České dráhy’s order from Siemens and Škoda consists of 180 cars each holding 555 seats and with a maximum operating speed of 230 km an hour.  “In the Czech Republic, the plan is to increase the speed on conventional lines to 200 km an hour and to build high-speed lines. In the future, this will enable the operation of trains that can go faster than the current speed limitContinue Reading

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International real estate consultancy company JLL today announced the appointment of Alexandra Tomášková as Head of Office Solutions effective 1st May, 2021. In her new role at JLL, Alexandra Tomášková will focus on the office sector with direct oversight of the firm’s Office Leasing businesses together with Workplace Strategy and Project Management. In her new role she will also closely cooperate with JLL’s Tétris Design & Build and Capital Markets teams on office related services. Alexandra Tomášková is joining JLL after eleven years at the Commercial Division of Skanska, where for the past three years she was Managing Director for Czech Republic and recently also EVP Operations for Czech Republic and Hungary, as well as a previous role as Leasing Director forContinue Reading