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Škoda Auto has just enjoyed the most successful year in its history. The Czech-based carmaker saw its profits climb by just over a third in 2016 to reach CZK 25.7 billion. It was the third year in succession that Škoda, the country’s biggest exporter, made a new record profit.

The Czech Republic’s biggest electricity producer, almost 70 percent state owned ČEZ, delivered its 2016 results on March 21 with the outcome largely disappointing analysts.

A taste of the West was the slogan used by another very different company, though in this case it was perhaps more appropriate. And the interest was huge when the first McDonald’s hamburger restaurant opened its doors 25 years ago in what was still Czechoslovakia on March 20, 1992.

A Czech company is using 3D laser technology to offer more accurate road repairs and resurfacing and is targeting a worldwide market that could result from the know-how.

Prague City Hall is planning to build hundreds of council houses within the next few years, the daily Hospodářské noviny wrote on Thursday. The first apartments are set to be built at the Černý Most housing estate within the next two years. According to the daily, City Hall plans to select more locations in the city where hundreds of council apartments could be built in the near future.

Low cost airline Ryanair has a basic but successful business model: it cuts costs to the bone and often operates out of out of centre airports which, to put it bluntly, are begging for the business.

A police raid on the country’s second biggest online grocer, which resulted in the detention of 85 foreign nationals on suspicion of working illegally in the country, has thrown light on a much bigger problem. The record low unemployment rate and the restrictions on the number of Ukrainian workers allowed to enter the labour market has led some firms to employ Ukrainians with work permits for Poland. According to a member of the Association of Employment Agencies the case detected last week is merely the tip of the iceberg and in reality there are

With the arrival of spring road maintenance crews are assessing the damage to roads caused by the harsh winter and the news is not good. According to preliminary estimates the costs could be 50 to 60 percent higher than in previous years.

The second largest online grocer on the Czech market – Rohlik.cz had to suspend operation on Thursday following a raid by the foreign police on the company’s Prague warehouse. It was the second police inspection in the past seven months at the e-shop which is trying to increase its share on the Czech online grocery market, already becoming too tight for ambitious competitors.

Czech inflation accelerated in February to 2.5 percent year-on-year from January’s 2.2 percent, the Czech Statistics Office announced on Thursday. Compared to the previous month, consumer prices went up by 0.4 percent. Inflation growth was the fastest since November 2012.