Business News | All stories

In Business News this week: Lower house seeks up to 44 billion crowns for 2016 budget; Electricity prices to remain unchanged in 2016; Farmers and local councils threatened by refusal to pay power support says ministry; Country’s largest insurer agrees on 2016 plan; Electronic motorway payments to be phased in within three years: ministry.

In Business News this week: Czech currency in circulation exceeds 500 billion mark for first time; Spending watchdog finds 2.2 billion in irregular spending at defense ministry; Škoda Auto to raise prices of most popular models; New stretch of Prague metro’s A line to get mobile phone signal; Ruling on late train delivery could lead to ticket price hike

Business round-up this week: Government agrees on early retirement package for miners; Health minister declares new victory in Diag Human arbitration battle; Finance minister says environment clean up can be done for half previous price; ČEZ reports fall in profits, rise in revenues, Czech Telecommunications Infrastructure new sponsor of Prague Spring festival.

In Business News: the unemployment rate drops to 4.9 percent, lower house backs hike in gambling charges, new car sales continue to surge, Czech Republic seeks to recruit qualified Ukrainians and shadow economy makes up 15 percent of Czech GDP.

In Business News: the central bank board is likely to extend forex interventions into 2017, the EC rejects a bid for extension of VAT reverse charge mechanism, a Czech firm is rated fastest growing technology company in Central and Eastern Europe, the logistics company Geis CZ is planning to build a new transhipment point in Prague and Millionaire Gallery opens a Prague branch.

Business News this week: Record export growth expected in 2015; Czechs and Israelis well-situated to cooperate in technology and R&D suggest president and business leaders; changes at private energy producer could lead to sale of minority stake; Czech Republic’s online seller had poor week when it came to deliveries.

In Business News this week: Czech Turbolet passenger planes could be manufactured in Russia in 2020; the average cost of a Prague taxi is 20 crowns per kilometre gas and diesel prices continue to fall; beekeepers see more than 60 million crowns in subsidies; vegetable prices higher than usual.

In Business News this week: Czech unemployment rate at lowest level since March 2009; Czech consumer annual prices growth accelerates to 0.4 percent; number of Czechs facing four or more property seizures sharply increases; Export of used cars from Czech Republic grows by 45 percent; the Czech Republic has rolled out its first wine vending machine or “vinomat”.

In this week’s Business News: finance ministry offers multi-billion crown pardon for firms; furniture makers look to record year; Japanese car parts firm follows the lead to Kolín; Kofola drinks company moves forward with Prague shares launch; and O2 demands no show for top football games.

Czech plane maker targets ‘unfair’ French tender; offer to keep Důl Paskov mine operating; ČEZ offloads hydro unit but eyes German coal plants; slim picking for Czech IT managers; and richest Czechs see wealth eroded