Sunday, 19 January 2020
Business | Radio Prague

Some 22 million tourists visited the Czech Republic last year, a slight rise in a long-term growth trend, according to preliminary data compiled by the state agency CzechTourism. While foreign visitors are welcome, simply increasing their number each year is no longer the main goal.

Prague | Business | Expats.cz

The renovation of the InterContinental Hotel and a radical change to its surroundings will be one of the most visible projects in Prague in the coming years. Architect Marek Tichý from TaK Architects presented how the hotel and its surroundings could look.

National | Business | Brno Daily

To the Bohunice campus from Pisárky by cable car? This is not a wild dream. Brno Transport Company (DPMB) has already ordered the start of zoning procedures.

Finance | Nasdaq/Reuters

The Czech crown EURCZK= retreated from a seven-year high in early trade on Thursday, as it approached a new resistance level after a blistering start to the year. The crown has been the region's best-performing currency so far this year, boosted by speculation that rates could rise in the face of stronger inflation. On Wednesday it hit an intraday high of 25.056, its strongest in seven years.

National | Business | Romea

According to Cyril Koky, the expert official on national minoriites at the Central Bohemian Regional Authority who is running for the Czech Senate as a candidate of the Pirate Party in Kolín, Czech President Zeman's nomination of Stanislav Křeček as a candidate for the next Public Defender of Rights (ombudsman) is absurd and ridiculous. Koky posted his opinion to his Facebook profile.

National | Business | Romea

Graffiti with Nazi and radical motifs was spray-painted yesterday on buildings in Ústí nad Orlicí, Czech Republic, and the Roškot Theater, which is protected as a national cultural heritage building, now has a Nazi swastika on it. Mayor Petr Hájek (Oušťáci) told the Czech News Agency (ČTK) that police are investigating the case.

Business | EU Today

The EPP Group plans to initiate a new anti-oligarch law to assure a fairer distribution of EU money, and criticises the double role of Czech PM Andrej Babiš who negotiates the multiannual EU budget on behalf of his country and at the same time, is one of the biggest beneficiaries of EU funds in the Czech Republic. "It is time to define clear guidelines on how to deal with conflicts of interest of high profile politician", said MEP Monika Hohlmeier.

Business | Radio Prague

A planned online system to sell permits to use the Czech Republic's motorways will cost around CZK 401 million, not including value-added tax, over a four-year period, the Czech News Agency reported.

Business | Radio Prague

Foreign Minister Tomáš Petříček completeed his three-day official visit to India on Wednesday, during which he and his delegation primarily sought to strengthen mutual ties. Martin Hříbek from Charles University's Institute of South and Central Asia points out that while bilateral ties go a long way back, in many areas relations had to be rebuilt from scratch after 1989.

Finance | Nasdaq/Reuters

The Czech crown rose to a seven-year against the euro on Wednesday, extending a 2020 rally as improved sentiment and stronger-than-expected inflation data that raised expectations of a possible rate hike boosted markets.

National | Business | Romea

Czech President Miloš Zeman will nominate the 81-year-old former MP for the Czech Social Democratic Party (ČSSD) and former Deputy Public Defender of Rights Stanislav Křeček as a candidate for the post of the next Public Defender of Rights.

Business | Prague Daily Monitor

Czech farmers are ending production of black, red and white currants. The berries are most often used in processing of food products, like jams, but producer and consumer demand remain low. Farmers say that prices do not make it worthwhile to plant, maintain and harvest the bushes.

Business | Radio Prague

The e-shop Košík.cz and Mattoni have started testing a deposit system on PET bottles, available on the online sales platform. Customers will be able to choose whether to order Mattoni bottled water in a classic PET bottle or in a returnable. The PET bottles returned will be recycled and put to use many times over.

Business | Bloomberg

A startup with an AI-platform that controls the flow of beer from the keg to the tap -- and set the amount of foam -- plans to expand into the U.K. and Czech Republic. Pubinno, founded in Istanbul in 2015 before relocating to San Francisco, expects its valuation to increase to USD 30 million after its latest investment round, from USD 20 million previously, said Can Algul, a co-founder of the company.

Prague | Business | Expats.cz

Shared electric scooters will be facing more restrictions. They have proved to be increasingly unpopular with both Prague City Hall and district administrations, and Prague 1 now joins in by banning the scooters from pedestrian zones. The district claims there has been a lack of cooperation with scooter operator Lime.