Monday, 18 June 2018
Business | Real Estate | Radio Prague

Property prices in the Czech Republic grew by an average of 16 percent through most of 2017, the highest rate in the whole of the European Union. The figure stems from a Financial Stability Report issued by the Czech National Bank on Tuesday.

Business | Prague TV

The Czech National Bank (ČNB) has finally taken action against one of Prague's most notorious money exchange outlets. The ČNB announced on its website that it has decided to withdraw the authorization of Chequepoint to carry on exchange bureau activities, and the national bank has also issued a large fine.

Business | Radio Prague

The Czech National Bank is due on Tuesday to recommend stricter lending conditions over rising concerns that a potential shock to the economy could lead to widespread defaults on mortgages, despite rising incomes and low unemployment.

Business | Reuters

Expectations of a Czech interest rate hike as soon as August to keep inflation at bay are growing, analysts and markets say, after the central bank indicated a weak crown currency and fast-growing wages made an earlier move possible.

Business | Radio Prague

Consumer price growth accelerated by 2.2 percent in May year-on year, according to data released by the Czech Statistics Office. The growth was driven by higher prices of food products and fuel, predominantly meat, fruits and vegetables.

Business | Škoda Auto

Škoda Auto is advancing the digitalisation of its production process. As of now, the Czech car manufacturer is using a fully autonomous, self-learning transport robot at the Vrchlabí component plant.

Business | Prague Leadership Institute

Vision without action is a daydream. Action without vision is a nightmare. This Japanese proverb is simple, eloquent, to the point, and it is the essence of cross-cultural common sense.

Business | Radio Prague

The number of Czechs using internet banking has steeply increased over the past ten years. While in 2008, only about 12 percent of Czechs made their payments via the internet, last year it was 57 percent, the Czech News Agency reported on Wednesday, citing data released by the European Statistical Office, Eurostat.

Business | Reuters

Czech conglomerate Agrofert suffered a drop in net profit for 2017, the group founded by Czech Prime Minister Andrej Babis said on Friday, citing weakness in its German bakery business.

Business | Radio Prague

More than one million tourists who visited the Czech Republic last year were accommodated via Airbnb, which is an increase by over 50 percent on the previous year. The number of Airbnb travellers in the regions outside of Prague increased even more significantly, by 108 percent.

Business | The Slovak Spectator

Despite the fact that Poles evaluate goods in Polish supermarkets as better than Slovaks and Czechs do in theirs, about 70 percent of Slovaks and Czechs label Poland as the top exporter of low-quality food products. This is the result of a research project by the Slovak National Panel, based on results of a sociological survey focusing on food quality in central Europe.

Finance | Nasdaq/Reuters

The headline Czech interest rate should already be above 1 percent as the economy is feeling the effects of overheating, central bank vice-governor Mojmir Hampl said in an interview published on Thursday. "A state in which we feel in every corner overheating of the economy and at the same time we are still with the base rate below 1 (percent), is unprecedented," he was quoted as saying by weekly magazine Ekonom.

Business | Radio Prague

The Ministry of Agriculture is taking unprecedented action against a supermarket chain over a promotional campaign. The ministry objects to German retailer Kaufland having offered shoppers the chance to buy a litre of milk for the token price of one Czech crown.

Business | The Slovak Spectator

The Czech Republic was chosen as a springboard for Chinese investment in Europe with politicians easing the way. What should have been a gateway for the Chinese into the European market ended with a partial hostile takeover of a Chinese firm and threats on Twitter.

Business | Radio Prague

Czech adjusted industrial production fell in April compared with the same month in 2017. Factoring in the difference of two working days, the annual drop in production was 0.2 percent year-on-year. Unadjusted, there was an increase of 5.5 percent. The main increases in production were focused on auto production, manufacturing of electrical equipment and production of metal products.