Business | All stories

E-shops in the Czech Republic are gearing up for Black Friday, the first major load test ahead of the Christmas shopping frenzy. E-shops are becoming increasingly popular with clients and this year their sales figures are expected to cross the 100 billion mark for the first time ever.

The financial sector in the Czech Republic is one where some of the top paying jobs are to be had. But there’s a reverse side to the coin as well with some back office and low level jobs earning relatively poor wages. And that’s one of the main reasons for a strike threat by workers from Czech in the financial sector.

The shared economy is already making waves in the Czech Republic, as continued demonstrations in the Czech capital about the Uber taxi platform, due again to take place on Wednesday, prove. But the bark is in some sense bigger than the bite it has taken out of the traditional economy or made elbow room for on its own merits.

Efforts to win support for a minority government headed by ANO leader Andrej Babiš have cast doubt on the future of a hard-won settlement between the country’s 16 churches and the State. The ANO leader caused a stir this week when he expressed readiness to support the Communist Party’s demand for church restitutions to be taxed.

The Czech Republic’s state budget should end the year with a small deficit if European Union subsidies are not counted, according to the minister of finance. If EU funds are included, he predicts a surplus of several billion crowns.

Sellers expect some 2.2 million bottles of so-called Saint Martin's wine to go on the market this year, a slight drop from the last two years due to a weaker grape yield as the result of early spring frosts and later also dry spells or drought.

The popular pig-slaughtering feasts which usually take place in February are going to start early for some pig-breeders this year. Farmers living in the area infested with swine-fever have been ordered to cull their animals in view of a growing risk of the disease spreading from wild boar to pigs in the region.

CEZ Group’s net income increased by 13% year-on-year in the first three quarters of 2017, according to figures just published by the company.

A spike in the price of butter in recent months led to panic-buying and even saw the PM involved. But prices shouldn’t rise again before Christmas.

The Czech National Bank’s move Thursday to raise its key two week repo rates by 0.25 percentage points to 0.5 percent was hardly a surprise and the Czech crown strengthened little as a result. Previous evidence had shown that central bank members had already been on the verge of raising rates at the previous session.