Wednesday, 18 September 2019
Business | Radio Prague

The Czech Academy of Sciences hosted a two day SOLAIR conference focused on ethics in the field of artificial intelligence last week. Prime Minister Andrej Babiš took this opportunity to reiterate his belief that artificial intelligence is a major opportunity for the Czech industry and the government is hoping to secure the establishment of an EU Centre of Excellence for AI in the country. He also said that with over 500 scientists specialised in artificial intelligence, the country has major potential in this area.

Business | New Europe

In an effort to increase energy security in the Czech Republic, the European Union is investing more than EUR 46 million from the European Regional Development Fund to modernise and extend the electricity substation of Kočín, southern Bohemia, Commission Vice-President for Energy Union Maroš Šefčovič said on 16 September.

Business | Czech Development Agency

As a result of the emergence of self-proclaimed republics in eastern Ukraine, the universities have been evacuated from this territory. The same was true of the Donbas National Academy of Civil Engineering and Architecture. With the help of the Czech Development Agency (CzDA), a new school building has been renovated and made available for students.

Business | Emerging Europe

The Czech Republic is launching a competition for towns and municipalities to test 5G technologies, following a national strategy approved in May. The competition will show both municipalities and citizens how new technologies can help to improve the quality of life.

Business | Traffic Technology Today

A weigh-in-motion (WIM) system technology from the German measurement technology developer Kistler has been granted type approval to monitor and help enforce the use of overloaded trucks on roads in the Czech Republic.

National | Business | Prague Morning

What are the Czechs like 30 years after the Velvet Revolution and how has the Czech Republic changed over the years? Academics in analysis for Czech Radio tried to answer this. The aim of Czech Radio’s research was to find out what is the structure of Czech society, and what social classes can be found in it.

Prague | Business | Prague Morning

A Czech citizen chained himself to the monument of Soviet Marshal Ivan Konev in Prague in protest against the municipal authorities' decision to move it to a different location. The man, who arrived to the capital from the north of the country, said his views were "neither pro-Russian nor pro-American."

Prague | Business | Expats.cz

The number of injuries in Prague related to electric scooters doubled in July and August compared to the same time last year. Overall the number of incidents requiring a response from Prague's emergency medical services (ZZS) dropped slightly.

Finance | Bloomberg

The Czech government will join its peers across emerging Europe in putting more money in the hands of the poor and elderly while also trying to preserve one of the continent's lowest levels of debt. Prime Minister Andrej Babis's cabinet approved a 2020 budget draft Monday that raises spending on pensions, public salaries, roads and railways. While he's counting on the economic expansion to continue bolstering state coffers, critics say the risk of a global slowdown may imperil his projections.

Business | Radio Prague

Some 1,500 trade unionists from across the Czech Republic are due to demonstrate in Prague on Tuesday to demand higher wages ahead of tripartite talks. The Czech-Moravian Confederation of Trade Unions (ČMKOS) is due to make public its official wage demands for 2020 and highlight its long-term campaign to end "cheap labour", ČTK reports.

Business | Yahoo Finance/Reuters

Investment group PPF, controlled by the Czech Republic's richest man Petr Kellner, has acquired a 19.2% stake in biopharmaceutical firm Autolus Therapeutics, it said on Monday, making it the company's biggest shareholder. PPF did not disclose the price of the acquisition, made through share purchases on the NASDAQ.

National | Business | Vatican News

Jesuit Fr Joseph Koláček died last week. He was 90 years old. Between 1971 and 2001, he headed the Czech-language Section of Vatican Radio.

Finance | Jane's

The Czech Ministry of Finance has confirmed that defence spending will rise to CZK 75.5 billion in 2020. The ministry submitted the overall state budget to the government for approval on 16 September.

Business | Radio Prague

Confectionery manufacturers are among Czech businesses most likely to be hard hit by Brexit, Czech Radio reports. According to an analysis carried out by the country's biggest bank, Česká spořitelna, about a quarter of confectionery goods produced in the country are destined for the British market.

Business | Expats.cz

Czech breweries seem to have had a good summer. July sales were up 2% compared to last year's record, with over 33,000 more hectoliters more beer produced than at the same time last year. Exports helped to drive the figures, as well as moderate weather.