Thursday, 24 May 2018
Business | Radio Prague

One of the biggest Czech business success stories of the post-Velvet Revolution is up for sale according to Hospodářské noviny. The business daily bases its information on a document drawn up for potential investors. It says that the asking price for airline and bus ticket seller Student Agency could come to around CZK 1.0 billion based on its recent turnover figures. Turnover last year reached 18 million euros with the company employing around 175. The owner Radim Jančura wants to use the income from the sale to invest in other parts of his transport empire.

Business | Radio Prague

Two Brno art students have done what many people dream about: turning their hobby in a business. In this case the two passionate musicians built their own musical kit in the form of boxes.

Business | ČTK

Czech Prime Minister Andrej Babis on Wednesday discussed economic cooperation with representatives of 11 U.S. firms from the American-Central European Business Association (ACEBA) who are on a business mission to Prague these days, the Government Office said.

Business | Reuters

Polish biggest oil refiner PKN Orlen will buy the remaining 5.97 percent in Czech unit Unipetrol from minority shareholders for 380 crowns per share to complete its takeover and delist the unit from the Prague bourse.

Business | Business Recorder

The Czech crown fell to its weakest against the euro since the end of December on Wednesday, as weak euro zone manufacturing data and a decline of the Turkish lira hit central European markets.

Finance | Radio Prague

The Czech Republic currently meets two out of four conditions for joining the euro zone, according to the European Commission's Convergence Report reviewing member states' progress towards euro adoption released on Wednesday.

Business | Radio Prague

The South Korean Hyundai plant in Nošovice posted a net profit to the tune of 6.69 billion crowns in 2017, a drop by 21 percent on the previous year, according to the company yearly report released on Wednesday.

Business | Radio Prague

The company R2G has made what appears to be a record acquisition for a Czech investor in the United States, iHned.cz reported. R2G has bought First Quality Nonwovens from the group First Quality Enterprises, which has factories in the US and China and supplies fabrics for hygiene products, at a cost of an estimated USD 500,000, the equivalent of almost CZK 11 billion.

Business | Radio Prague

Major Czech auto industry players are turning their attention to India, the daily Hospodářské noviny reported on Tuesday. The car industry in India has been growing at a record pace and the government there wants to triple car production by the year 2026.

Business | Radio Prague

The Czech Republic has the lowest jobless rate in the European Union with vacancies now outstripping the registered unemployed. But moves to attract workers from Ukraine are being hampered by red tape. That sparked a lightning visit last week by the Czech labour minister and a raft of reforms are now promised. Minister of Labour and Social Affairs Jaroslava Němcová spent two-and-half days in Ukraine last week trying to work out why Czech employers complain they simply can't recruit Ukrainians quickly enough to fill local gaps in the labour force.

Business | Radio Prague

The price of petrol and diesel is rising and is now at its most expensive since 2015, the ctk news agency reports. The price of petrol has now reached 32.23 crowns per litre on average and analysts predict it could reach 34 crowns per litre in the course of the summer.

Business | Prague TV

Looking at one's compass instead of their watch is what leads to fulfilling lives, careers, and a legacy of which one can be proud.

Business | Radio Prague

The Chinese group at the centre of Czech moves to boost relations and economic ties with Beijing has suffered a high profile and embarrassing setback. A Czech investment group has moved to take control of the Shanghai-based group's European activities based in Prague citing massive unpaid debts.

Business | Radio Prague

Prague's stock exchange has had something of a roller coaster existence after it reopened in 1993, a few years after the fall of communism in 1989. It's now looking to boost its fortunes by raising cash for small companies.

Business | Radio Prague

The British-based Vodafone Group has agreed to buy US cable operator Liberty Global's operations in four European countries. Under the agreement, Vodafone will acquire Unitymedia in Germany, as well as UPC Czech, UPC Hungary and UPC Romania. The deal, which is likely to bring a significant change to the Czech Internet market, is valued at EUR 18.4 billion.