Business | All stories

Czech arms and military equipment producer Česká Zbrojovka increased its sales by one percent last year to a record 3.41 billion crowns. The traditional arms manufacturer expects sales to reach 3.85 billion crowns this year.

Czech companies are increasingly being hit by anti-dumping measures, the business daily e15 reported on Wednesday. Most recently, such measures have hit the Arcelor Mittal Czech steel giant in Ostrava. Earlier this year, China imposed customs duty of 46.3 percent on flat roll electrical steel produced in the European Union.

The Czech National Bank last week expressed its worries about the state of the office rental real estate market.

After a break of several years, the national carrier Czech Airlines is relaunching direct flights between Prague and Beirut. The service comes in response to increased interest among Middle Eastern tourists in Czech spa holidays, but will only be in operation for the summer months.

Chinese investors are set to build a brand new spa resort in the small South Moravian town of Pasohlávky. On Friday, the representatives of the company Thermal Pasohlávky signed an agreement with Chinese developer Risesu.

Czech moves to fill skills shortages by recruiting willing Ukrainians have not panned out as the pilot project probably counted on.

The price of water is expected to increase all around the Czech Republic in the next five years, the daily Mladá Fronta Dnes reported on Wednesday. In some regions prices could go up by up to one third. The biggest hike can be expected in regions where water is pumped from underground reservoirs.

Over the next four years, Czech highways and roads (but also railway routes and waterways) will be equipped with thousands of new electronic sensors and other devices including additional electronic traffic management signs to better inform users about developments and conditions ahead. The government is aiming to spend some 12 billion crowns on new modern management and information systems by the year 2020; with seemingly endless renovation of major highways like the D1 connecting Prague and Brno, there are likely many motorists who wish the improvements

More than four million crowns in fines were handed down to retailers by the Czech Trade Inspection Authority in Q1 of 2016. On Monday, Czech Radio reported that the bureau uncovered wrongdoing in around 40 percent of checks.

Plans by one of the units of worldwide manufacturing colossus General Electric to site a new factory in the Czech Republic are taking shape, according to the business daily E15.