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Vítkovice Power Engineering, one of the key daughter companies of the engineering conglomerate Vítkovice, has filed for “reorganization“ bankruptcy. The company reportedly owes close to two billion crowns to over 700 creditors. The regional court in Ostrava, which was due to deal with a proposal for bankruptcy against the firm by one of its biggest creditors, Westag Invest, on Friday has cancelled the hearing.

Dubai wants to attract more tourists from the Czech Republic. The country’s Department of Tourism and Commerce Marketing is set to open a subsidiary in Prague. Some 45,000 Czechs visited the Emirates last year.

The vast majority of the European Union funds drawn by the Czech Republic have gone to state projects in areas such as transport, education and science. Of private companies, steel producer Třinecké železárny has benefited the most, says financial daily Hospodářské noviny in the first report of its kind, which was published on Wednesday.

Czech households spend the biggest share of their income on living expenses, according to the results of a study by the Czech Statistics Office comparing household spending in the years 1995 to 2015.

Following the transfer of around 1,500 train stations around the Czech Republic to a new owner later this month, the focus won’t just be on the state of the buildings themselves: Contracts with newsagents, bakeries and other outlets are also set to come up for review.

The marriage of Czech and Polish tour operators Čedok and Itaka looks like creating a formidable negotiating force on the regional market faced with airline operators and hotel companies.

British based retailer Marks & Spencer announced this week that it will open food-only outlets in the Czech Republic.

The battle over the future of hard coal mining company OKD has just got a lot more complicated and bitter.

Falling electricity prices and more outages from nuclear plants was the rather sombre takeaway from Czech electricity producer ČEZ’s half year results on Tuesday.

Solar power proved a major and expensive turnoff for the Czech state and many Czechs after a misguided and rigid set of incentives were introduced almost a decade ago that have since cost the country billions of crowns in support payments. But a solar revival now looks like it is picking up pace based on households and not on so-called solar barons.