Tuesday, 25 September 2018
Business | Reuters

The Czech transportation ministry signed a 10-year highway toll contract worth CZK 10.75 billion (USD 494.28 million) starting in 2020 with a consortium of CzechToll and SkyToll on Thursday, it said.

Finance | Radio Prague

The 2019 draft budget is to focus on investment, increase of public sector salaries and the raising of pensioners' living standards, Finance Minister Alena Schillerová said after it won government approval on Wednesday. The budget proposal counts on a CZK 40 billion deficit; ten billion less than originally planned by the Ministry of Finance.

Business | Reuters

Czech investor Daniel Kretinsky is buying more shares in German retailer Metro from Ceconomy, the companies said on Thursday, likely stoking speculation of a full bid. Metro, whose shares are down a third so far this year, has been refocusing on its core cash-and-carry business, selling its Kaufhof department stores and splitting from electronics chain Ceconomy last year - which retained a 10 percent stake.

National | Business | Prague Daily Monitor

President Milos Zeman who is in the midst of a state visit to Germany, told Barrandov TV that the Czech Republic should support Hungary in its battle against the European Parliament, as it is in Czech interest to do so.

Finance | Politics | Prague | Prague Daily Monitor

Jan Čižinský the leader of the citizen's movement Praha sobe which is contesting the communal elections in Prague told DVTV on Thursday that there was a lot of corruption at city hall in Prague. He added that change would not be possible with the ODS and ANO, and Praha sobě would not form a coalition with them if it were given the option.

Finance | National | Prague Daily Monitor

Richard Brabec (ANO), Minister for the Environment told Pravo in an interview that the price of water would not rise, despite the drought-like situation in many parts of the country.

Business | The Guardian

The transition from state socialism to capitalism has created deep feelings of injustice among those in manual jobs.

Business | Prague Connect

Honorary Consul of ČR in Montreal and a partner of CMKZ law office in Montreal will present and discuss practical experiences and advices how to use benefits of CETA and expand your business to Canada.

Czech Republic and the EU | Business | Prague Daily Monitor

PM Andrej Babis told reporters gathered ahead of the informal EU summit in Salzburg, that the block must clearly justify increase in spending for Frontex and any increase in numbers. EU Heads of Government will debate President Jean Claude Juncker’s suggestion that Frontex numbers be increased to 10000 by 2020.

National | Business | Prague Daily Monitor

President Milos Zeman began a scheduled 3 day state visit to Germany on Wednesday. He began his visit by meeting with Guenter Verheugen, former European Commissioner for Enlargement and later for Enterprise and Industry. They discussed the future of the EU post-Brexit, amongst other matters.

Politics | Business | Prague Daily Monitor

TOP 09 failed in parliament on Wednesday to pass a resolution in the lower house requesting the government to accept 50 Syrian orphans.

Business | Real Estate | Radio Prague

Czech economic research institute CETA published a study focused on the residential housing market in Prague on Friday, which claims that bureaucratic hurdles, coupled with high demand, are primarily responsible for the current low availability of housing in the capital. It also claims that Airbnb flats, which have been the centre of focus for many councillors, are not to blame.

Business | Real Estate | The Slovak Spectator

The current state of the Slovak and Czech residential real estate market - what are the risks?

Business | Prague Daily Monitor

Hospodarske noviny reports that Skoda Auto intends to invest over EUR 2 billion over the next two years in the development of electric vehicles and automation. Without this investment, it does not believe it will be able to ensure its compliance with newer European emission standards in the future.

Politics | Business | Bitcoinist

Bitcoin mining became the subject of an unexpected political clash in the Czech Republic. The Prime Minister accused his opposition, the Czech Pirate Party, of doing nothing useful in the IT sector other than mining Bitcoin.