With the ending of current sanctions expected to come as soon as the start of next year, Iran is now the target for trade delegations and missions from around the world. The Czech Republic is no exception and, after a ground breaking visit by the foreign minister, is now looking at the practical steps needed to exploit the opportunities when full two way trade resumes.
Czech soft-drink producer Kofola has increased its sales to 5.5 billion crowns, which is the best results in the company’s history. The company’s sales in the first three quarters of the year have increased by over 16 percent year-on-year. Kofola announced the results in a press report released on Monday.
Labour mobility has never been high in the Czech Republic, be it geographic or occupational. Most Czechs are unwilling to commute long distances or move house for a better job and they have three to four different employers in the course of their working life. However according to data from Czech labour offices the situation is now gradually changing.
After seven years of posting losses, the Czech Republic’s national carrier Czech Airlines is likely to end in the black this year. The company is likely to post a profit of around 250 million crowns for 2015. Václav Řehoř, the head of the state run company Český Aeroholding, which holds a 20-percent stake in the Czech Airlines, confirmed the profit expectations to the business daily Hospodářské noviny on Tuesday.
The investment group Rockaway Capital has agreed to buy the second biggest internet retailer on the Czech market, Mall.cz, and the price comparison website, Heureka.cz, for CZK 5.4 billion. The deal is being financed by the billionaires Daniel Křetínský and Patrik Tkáč and the PPF Group owned by the richest Czech, Petr Kellner, the Czech News Agency reported on Monday.