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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.

Czech and Slovak ministers of industry met in Prague to discuss one the main issues that concern them both: energy security and the possible risks that some of their gas delivery peace of mind might be undermined by Russia.

Industry and Trade Minister Jan Mládek has said that the bankrupt coal mining company OKD should be lent one billion crowns. On Tuesday, the country’s finance minister discussed the figure of 400 million crowns the company would need to keep operating until August.

Czech car maker Skoda Auto is considering entering the US market, the German business daily Handelsblatt wrote this week. The move comes as its German owner Volkswagen attempts to retrieve sales lost in the wake of the diesel emissions scandal in the US.

One of the top business schools in the world, Switzerland’s IMD, has recently completed its annual competitiveness rankings of countries around the world. And the good news for the Czech Republic is that it has once again improved its performance and climbed up the rankings of the respected survey.