Monday, 24 April 2017
Business | ČTK

The Senate, the upper house of Czech parliament, approved the Comprehensive Economic and Trade Agreement (CETA) that removes most duties and fees between the EU and Canada as of 2018 at its session on Wednesday night. In March, the Senate approved the associated strategic partnership agreement between the EU and Canada that defines a joint struggle against terrorism, money laundering and proliferation of the arms of mass destruction.

Business | Radio Prague

The biggest digital laboratory in the Czech Republic has just opened its doors at the South Moravian Innovation Centre (JIC) in Brno. Entrepreneurs and members of the public can sign up to use 3D printers and other cutting-edge technologies at Fab Lab Brno.

Business | ČTK

Czech firms have been increasingly choosing employees from among prison inmates in a situation where the country suffers from a shortage of workforce, daily Právo wrote on Thursday, adding that the trend benefits both the firms and the prisoners involved.

Business | Reuters

The board of Czech power utility ČEZ has backed the sale of the 1,000 MW Počerady coal-fired power plant to rival energy group Czech Coal, two sources close to the deal said on Thursday. The proposed deal now needs to be approved by ČEZ's supervisory board, according to the sources.

Finance | ČTK

The Czech junior government Christian Democrats (KDU-CSL) have tended to support the opinion of the ANO movement saying the 2016 state budget surplus should be used to cut the state debt, KDU-CSL MP Jaroslav Klaska told reporters after a meeting of the parties' experts on Thursday.

Business | ČTK

A Czech government commissioner should deal with the further development of and the situation in the Kvasiny-Solnice industrial zone in the Hradec Kralove Region, Interior Minister Milan Chovanec told reporters after signing a cooperation memorandum on Thursday.

Business | CIA News

Mineral water producer Karlovarské Minerální Vody (KMV) has signed a binding agreement on the acquisition of Quadrant Beverages JSC.

Business | CIA News

Logistic company DB Schenker registered 6% increase in turnover to CZK 5.2bn in 2016. The firm transported more than 1 million parcels with truck transport as of the end of 2016.

Business | CIA News

Insurers in the Czech Republic generated profit totalling CZK 11.24bn in 2016, up from CZK 7.53bn in 2015. The technical account result for non-life insurance reached CZK 4.19bn.

Business | Radio Prague

The Czech tourism sector has something to celebrate following the announcement last week of record incoming visitors for 2016. But all is not rosy in the sector with some arguing that more could be done to promote tourism and others saying that established businesses playing by the rules are being undermined by those, especially in the so-called new economy, who are flouting them and undermining fair competition.

Business | Radio Prague

Nearly 15 percent of Czechs switched to a different bank last year to avoid paying high fees, the daily Hospodářské noviny reported this week.

Finance | ČTK

The Czech government coalition council failed to agree on dividing the 2016 state budget surplus on Wednesday and the coalition parties' experts will on Thursday draft a compromise proposal for the cabinet's Monday meeting, Jaroslav Faltynek (ANO) has told journalists.

Business | CIA News

Central Group has acquired the tesla Hloubětín area from Tesla. The value of the transactions was not disclosed. According to the developer, it plans to build a residential quarter with shops and restaurants on the plot covering 70 hectares.

Business | CIA News

Czech automaker ŠKODA AUTO delivered more than two million cars to China in last ten years. The showed a new sales record with 317,100 delivered cars (+12.6%) in 2016.

Finance | CIA News

Municipalities, voluntary unions of municipalities, regions, and regional councils of cohesion regions posted consolidated income totalling CZK 69.4bn and expenses of CZK 54.1bn as of the end of February 2017.