Monday, 6 April 2020
Business | Radio Prague

The Czech film industry expects to see a 75 percent drop in production by year's end due to the coronavirus pandemic. The cinemas are closed, the production of foreign blockbusters and TV series have been suspended, and local filmmakers are all but restricted now to doing studio work. But it is not all bad news. Czech Film Commissioner Pavlína Žipková says development work is still pouring in, and most if not all big-money productions will likely return.

Business | Expats.cz

Prague's Kotva department store has been purchased by Generali Real Estate from the firm PSN. Neither side disclosed the price, but the Czech News Agency (ČTK) reports it was approximately 4 billion CZK, which would make it one of the biggest real estate deals of the year.

Prague | Business | Expats.cz

A plan to use the Showpark brothel in Prague's Holešovice district to quarantine the homeless will not move forward, as the location is unsuitable. Showpark can only be used to quarantine the homeless temporarily, and only if all other suitable spots are filled.

National | Business | Brno Daily

Face masks, disinfection gel, gloves, and other medical equipment can now be bought from special medical vending machines installed across the city of Brno on Wednesday. The machines will be regularly restocked and the products updated according to the market situation.

Business | Real Estate | Radio Prague

The travel ban instituted due to the ongoing coronavirus epidemic has had an effect on the prices of rent within Prague, with some owners of Airbnb properties offering their flats for long-term rent instead. A wider impact on property prices is also possible, some experts say. In order to stimulate the housing market, the finance minister has proposed the cancellation of the real estate transfer tax.

Business | Expats.cz

Czech carmaker Škoda Auto has turned its prototype lab into a factory for respirators. The idea to use 3D printers to make respirator parts came from the firm's scientists and technicians. There is a critical shortage of high-quality respirators for medical and emergency staff on the front lines of the coronavirus crisis.

Business | Reuters

The Czech government said on Wednesday it had approved a scheme for a moratorium of up to six months on consumer, company and mortgage loan payments to help the country through the coronavirus crisis.

Finance | Reuters

Czech Finance Minister Alena Schillerova said on Wednesday she had proposed a legal change allowing the country's structural fiscal deficit to reach 4% of gross domestic product next year.

National | Business | Brno Daily

The number of citizenships granted in the EU has decreased in recent years. In 2018, 21% fewer new citizenships were issued across the EU than at the peak in 2016. Most of these were granted to non-EU citizens in Germany, Italy, France, Spain, and Sweden. The Czech Republic registered 2,300 new citizens in 2018, or around 0.2 per 1,000 citizens – 85% less than the EU average of 1.3 new citizenships per thousand citizens.

National | Business | UN News

When face masks stocks began running low in the Czech Republic, minority communities, including the country's Roma population, were quick to respond, rallying to make fresh supplies, with the aim of slowing the spread of COVID-19.

Business | ING Think

Czech manufacturing PMI declined to 41 points and slumped to the lowest level in a decade, but the survey did not cover the whole of March, the figures still understate recent adverse development in the Czech manufacturing segment.

Business | Reuters

Czech unemployment will jump by up to 5 percentage points due to the coronavirus pandemic, CTK news agency quoted the Labour Ministry as saying on Wednesday.

Finance | Brno Daily

Self-employed workers affected by the pandemic will receive a lump sum of CZK 25,000 from the state, announced Finance Minister Alena Schillerová after a government meeting on Tuesday afternoon. Applicants must fulfill several conditions by submitting an affidavit, including a fall in revenue of 10% year-on-year in the first quarter, and a minimum gross income of CZK 180,000 last year.

Business | Radio Prague

Czech booksellers are reporting a significant rise in online sales of books and board games, following the closure of mortar-and-brick stores due to the coronavirus outbreak. At the same time, book-sellers warn the surge in online sales can hardly cover the loss in physical book sales.

Business | Brno Daily

After a year-long legal battle, farmer Libor Kožnar, owner of the Living Farm ["Živá farma"] in Šanov, in the District of Znojmo, has won a court case against Agro Jevišovice, a local subsidiary of agriculture giant Agrofert, founded by Prime Minister Andrej Babiš.