Tuesday, 20 October 2020
Prague | Business | Expats.cz

Prague's first-ever contactless Covid-19 quarantine hotel opened last week. The Czech Inn Hotels chain now offers a location for Covid-positive guests with mild symptoms to shelter away from family and friends, without worrying about who they will infect.

Business | Prague Daily Monitor

The Ministry of Culture will support the audio-visual industry with CZK 100 million. The State Fund for Cinematography will distribute the money. Culture Minister Lubomír Zaorálek will submit the proposal to the government next Monday, October 19.

Business | Radio Prague

Despite the coronavirus crisis, the list of the richest Czechs remains more or less unchanged, according to an annual ranking published by Forbes on Wednesday. Petr Kellner, owner of investment group PPF, remains the richest Czech, despite a considerable drop in assets.

National | Business | Expats.cz

In light of stricter anti-Covid-19 measures across the country, Czech Railways will reduce select train operations outside of rush hour, according to a tweet sent out by the railways.

Business | Seeking Alpha

IT4Innovations National Supercomputing Center, a leading high-performance computing center for R&D and innovation in the Czech Republic has selected Hewlett Packard Enterprise to build the most powerful supercomputer. The agreement is part of the initiative between the EU, European countries and industry technology partners to coordinate and combine their resources to develop world-class exascale supercomputers in Europe.

Finance | Radio Prague

The Czech government has extended one plank of its Antivirus progamme supporting businesses hit by the coronavirus crisis. Companies that have been forced to close will have salaries paid up to the amount of CZK 50,000 a month, including contributions, the minister of labour and social affairs said on Wednesday. The ministry estimates that the fresh round of compulsory closures will hit up to 200,000 people.

National | Business | Yahoo Sports/AFP

Czech football legend Antonin Panenka, known for his trademark penalty kick, has been released from hospital after a Covid-19 scare, his former club said Wednesday citing his son.

National | Business | The New York Times

The Czech Republic, with the highest transmission rate in Europe, closed schools, bars and restaurants. In some countries in Central Europe, there is a critical shortage of doctors and nurses.

Business | Expats.cz

While the Covid-19 pandemic has created turmoil for many businesses across the globe, some are thriving. The online retail industry has seen huge gains in 2020, with further growth expected over the upcoming holiday season.

Business | Expats.cz

Czech distillery Fleret took home five medals for their classic spirits at the 25th annual International Spirits Challenge, according to a published report. The distillery, from the Czech town Frenštát pod Radhoštěm, entered five products in the competition and took home five awards.

Business | Radio Prague

Sales of spirits in the Czech Republic are set to fall by between 35 and 40 percent this year, the national Spirits Producers and Importers Union has said. Its members stand to lose around CZK 2 billion in revenues this year.

Prague | Business | Honest Guide

Despite loosing its licence, this exchange office in Prague continued doing business. Honest Guides had to step in.

Business | Radio Prague

After more than 110 years, the rainbow-coloured, sugar-coated chocolate candies known as Lentilky will no longer be made in the Czech Republic. The Swiss food and drink processing giant Nestlé has decided to move production to Germany as of next spring. The reason is a change in the recipe and packaging.

Prague | Business | Expats.cz

With apartment prices in Prague increasing steadily, a starter unit — something small and affordable that can be sold later — may be a wise investment. Depo Grébovka, a project by developer PSN in Prague's upscale Vinohrady neighborhood, offers just such an opportunity.

Business | Variety

As the Czech Republic claims Europe's fastest-growing infection rate, with more than 8,000 new daily COVID-19 cases, a two-week shutdown of cinemas is stressing a sector that had been recovering amid easing restrictions.