Czech companies are slowly starting to feel the effects of the coronavirus epidemic that is a major threat to China and its economy, the news site Novinky.cz reports. Some companies have goods locked in Chinese warehouses and scheduled deliveries of components for computers, mobile phones and various other electronic devices are late or have stopped altogether due to production restrictions or closed factories in China.
The Czech Republic’s industrial production has declined for the first
time in five years: it suffered a drop by 3.4 percent in December, the
Czech Statistics Office reported on Thursday. The development was affected
mainly by a lower production of motor vehicles, other transport equipment
According to preliminary data, the country’s external balance in goods ended in a deficit of CZK 6.7 billion, which was worse by CZK 2.1 billion than in the previous year.
Exports decreased year-on-year by 2.4 percent to CZK 247 billion while imports fell by1.5 percent to 253.7 billion.
Some 60 IT specialists from around the country are taking part in a
hackathon to produce an online sales system for electronic vignettes,
following the scrapping of an overpriced deal negotiated by the former
The aim of the event, which got underway on Friday evening, is to produce a functional online sales system which they will offer the government free of charge. According to its organizer, IT specialist and entrepreneur Tomáš Vondráček, they should produce and online system by 6 PM on Sunday.
Prime Minister Andrej Babiš, who visited the event on Sunday, said that if the system proves the be fully functional, the government is ready to put it to use.
IT specialists from around the country will be taking part in a hackathon
to produce an online sales system for electronic vignettes over the
weekend, following the scrapping of an overpriced deal negotiated by the
former transport minister.
Hundreds of IT specialists are said to have volunteered to take part in the endeavour to produce a functional online sales system which they will offer the government free of charge.
The hackathon is due to start at 6pm on Friday and according to its organizer ,IT specialist and entrepreneur Tomáš Vondráček, they should produce and online system by Monday morning.
The government's IT commissioner Vladimír Dzurilla has said the government appreciates the assistance and will put it to the best possible use.
Prague City Hall is pushing ahead in its efforts to fight visual pollution in the Czech capital. After banning giant bubble blowers and ‘street artists’ wearing animal costumes from the city centre, Prague councillors have now focused on excessive commercial advertising and shop window design, which harm the visual image of the historical centre.
Czech Foreign Minister Tomáš Petříček completes his three-day official visit to India on Wednesday, during which he and his delegation primarily sought to strengthen mutual ties, especially in business. Martin Hříbek from Charles University’s Institute of South and Central Asia points out that while bilateral ties go a long way back, in many areas relations had to be rebuilt from scratch after 1989.
The number of bankruptcies of companies and entrepreneurs increased in 2019
after a six-year decline, according to the Czech Credit Bureau (CRIF).
The number of businesses declaring bankruptcy rose by 22 over the previous year to 680. The respective rise for entrepreneurs was starker, increasing by 2,440 to 7,940, the data show.
CRIF analyst Věra Kameníčková said that the number of bankruptcies of companies in 2019 was still quite low compared to the period of 2008 through 2017.
Some CZK 155 billion were spent by Czechs while shopping online in 2019,
news site iHNed.cz reports. The number shows a CZK 20 billion increase
compared with the previous year and, according to the head of the Czech
Association for e-commerce, Jan Vetyška, is partly down to increasingly
better services, with a wide variety of delivery options. Most online
purchases were conducted when Czechs shopped for electronics and house
Online shopping popularity is a growing trend in the country. In 2018, the Czech Republic took one of the top spots in Europe when it came to e-commerce, with more than 43 percent of technical or non-food goods in the country being sold online, according to data released by the research agency GfK and the Czech Confederation of Industry. The amount of online retailers has also grown substantially, reaching more than 46,000 vendors last year.
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