Business News | All stories

In Business News this week: State budget surplus for May the best since 1993; Economic confidence falls according to PMI index; Number of grocery stores in Czech Republic keeps dropping; Tax freedom day advances to June 2 for Czechs; Czech economy grew by lowered 3.0 percent in first quarter.

Business round-up: Finance Ministry envisages budget deficit of 48.5 billion crowns; PM outlines plan for rise in minimum wage; bus drivers threaten action over low wages; Rusnok named new central bank governor.

In Business News this week: Bulgarian competition watchdog accuses Energo Pro of abusing dominant position on market; Pig breeding in severe crisis; Minister for Foreign Affairs says staffing to be boosted to deal with Ukrainian job seekers; New World Resources fails to announce first quarter results; Seznam hits new turnover and profit figures.

Business roundup: Škoda Auto union seeks wage hikes for companies linked to car producer; Cabinet backs welfare payments for laid off OKD workers; One week paternity leave approved; Globus planning billion crown investments in Czech outlets.

In Business News this week: CNB reports zero foreign currency intervention in March; Tax Freedom Day to come on June 2; twelve construction companies fined for cartel activity; betting company Fortuna sees operating profit slump on higher Czech taxes; companies named after their owners benefit from greater trust, says study.

In Business News this week: OKD warns of insolvency declaration; Tatra lands massive order for Egypt and Jordan; Direct Fly plane maker to shift production to China; average apartment prices rising by 6.0 percent; and 1.0 billion Chinese investment in Sokolov car parts plant.

In Business News this week: Škoda workers to see record pay increase; Prague apartment prices hit record high; mortgages hit all-time low.

In this week’s Business News: Czech exporters highlight skills shortfall; Moody’s say Czech rating not under threat; hops exports shrivel in drought; Škoda Auto-Volkswagen partnership highlighted as success; and tax proposal on church restitution kicked into long grass.

In this week’s Business News: breweries set records in 2015; central bank forced to intervene against firming crown in February; exporters say foreign sales boosted by up to 450 billion crowns due to weak crown; trade balance at record surplus in February; and car showrooms see record business in March.

In Business Weeks: Statistics office confirms Czech economy grew by 4.3 percent in 2015; CEFC boosts stake in Travel Service to just under 50 percent; Škoda to double its deliveries to China by 2020; CzechTourism: Over 350,000 Chinese visitors expected in 2016; Prague council backs purchase of Bohemians 1905 stadium.