Business | All stories

The historical Koh-i-noor factory building in Prague’s Vršovice district is set to be converted into a residential area with apartments, restaurants and other public facilities, the website daily e15 wrote on Friday. The investment project is expected to cost around two billion crowns.

From next year, Czechs will earn at least CZK 14,600 a month thanks to an increase in the country’s minimum wage. Representatives of government parties ANO and the Social Democrats agreed on the change this week.

Confidence in the Czech economy declined again in November, albeit at a slower rate than in October. It is now at its lowest since July 2014, according to data released this week by the Czech Statistics Office.

While the process of digitalization in the public sphere leaves a lot to be desired, Czechs have been exceptionally fast in jumping on the bandwagon when it comes to using digital services, be it Internet banking, shopping over the Internet or communications with firms and institutions online.

Over 330 tons of food and 52 tons of dry goods were donated to Czech charities and NGOs in the National Food Collection held this weekend. That is the best result since the tradition was launched seven years ago. The goods will be distributed among the country’s close to 24,000 homeless people and the 1.5 million living on the poverty line.

A growing number of building owners in the Czech Republic cover their roofs with grass and other vegetation, in order to reduce the effects of climate change, the daily Hospodářské noviny reported this week.

The Czech Republic is keeping abreast with the most developed countries in the world in terms of sustainable development, suggests the 2019 Europe Sustainable Development Report, which identifies policy priorities for the European Union to achieve Sustainable Development Goals and implement the Paris Climate Agreement.

The Czech National Bank has unveiled a plan to issue several series of commemorative coins and banknotes between the years 2021 and 2025, reflecting important anniversaries in Czech history.

The sharing of private homes in Prague via Airbnb and other accommodation platforms has become a regular business, suggests a new study conducted by the consultancy Deloitte, published in the daily Hospodářské noviny this week.

While pubs around Prague are vying to attract visitors with a trendy, clean environment, good food and wide assortment of drinks, a pub in Prague’s Jižní Město – a huge communist housing estate made of pre-fabricated panel buildings – has put its money on nostalgia and is making a profit from the fact that it is a throwback to the communist era.