Although 94 percent of Czechs consider themselves to be financially responsible, many still make painful mistakes in managing their personal finances. According to data from the Labour and Social Affairs Ministry many graduates who are unable to find jobs take out loans and set up small businesses, only to see them go bankrupt in a relatively short time. The age of people who file for insolvency has dropped from an average 35 to 28 years.
Slovakia appears to have won the beauty contest to be the site for a new factory for luxury car maker Jaguar Land Rover. Poland looks like it was in second place with the Czech Republic in third. Details of the full deal and incentives could make it clear whether the Czech bid suffered from lower permitted aid ceilings than both Slovakia and Poland.
The soft drink company Kofola this week opened its first brand restaurant in the Czech capital, NaGrilu. As the name implies, the venues will offer dishes off the grill, as well as beverages by the company as well as fresh fruit and vegetable juice from UGO and Mangaloo. While it offers fast food, it will apparently be with a difference: an emphasis on healthy and fresh ingredients.
Countries across Europe are facing an imminent lack of teachers and unless they take action they may soon face a serious problem, according to a 2015 report released by the European Commission. The Czech Republic is on the list and the commission has strongly advised taking coordinated measures to recruit new teaching staff.
Škoda Transportation is one of Europe’s leading rail carriage and tram producers. But while it has successfully built up worldwide sales, Western European markets have not produced the contracts that had been hoped for. The acquisition of a controlling stake in Finland’s biggest rail carriage and tram producer could help crack that problem.