Saturday, 18 August 2018
Business | Radio Prague

Few Czechs regularly work from home, according to the latest Eurostat figures. Indeed, less than 4% of Czech employees conduct work business from their place of residence. That is beneath the EU average and far lower than in neighbouring Austria, where the figure stands at 9.5%. Officials at the labour ministry have taken steps to try to make home office a more common practice in this country. But so far in vain, says spokesperson Martin Bačkovský.

Dining | Business | Prague TV

Tax Office inspectors have discovered that fake receipts have been issued by one of Prague's famous restaurants, but they did not disclose the name. Thousands of sales are suspected to have gone unrecorded in this manner. Operators face a fine of up to half a million crowns.

Business | Prague TV

Low-cost carrier Air Arabia is launching a new regular route between Prague and Sharjah, the third largest city in the United Arab Emirates. This brings the number of carriers going between Václav Havel Airport Prague and various cities in the UAE to four.

Business | Radio Prague

Interest in setting up new British firms in the Czech Republic has slowed down since the decision on Brexit, according to statistics provided by Bisnode. At present there are a record number of British companies operating in the Czech Republic, but interest in setting up new ones is at its lowest since 2014.

Business | ING Think

Industry accelerated by 3.4% year-on-year and surprised on the upside while retail sales grew less than expected at just 2%. Both figures were affected by base effects.

Finance | Radio Prague

PM Andrej Babiš has said he is sceptical with regard to the possibility of the state compensating the clients of the bankrupt construction company H-system. The prime minister commented on the case in a Tweet on Monday, saying that providing such compensation to one group of clients would be unfair to all the others who had lost money in other dubious investments.

Business | Radio Prague

Transparency International Czech Republic has filed a complaint against Czech Prime Minister Andrej Babiš on the grounds of information which suggests that although he put his billion-crown conglomerate Agrofert into a trust fund to comply with the conflict of interests law, he is still the person controlling the company.

Finance | Reuters

Leaders tend to rein in generous election promises once they come to power; few tour the country adding more, as Czech Prime Minister Andrej Babiš has been doing. The billionaire businessman says the strength of the economy allows for what is set to be a record spending spree. Some, including the lead economist advising the parliament-appointed National Budget Council, are not so sure, and worry that Babiš may undo the gains from years of belt-tightening when he was finance minister.

Business | Prague TV

Prague ranks as the top city in the world for Bitcoin, according to an analysis by economic magazine Forbes. Prague had the most vendors in the world that accept Bitcoin, with 147. There is usually a big divide between urban and rural areas, but the Czech Republic runs against that trend.

Business | Prague Leadership Institute

When we truly act with humility, it actually gives us more strength and credibility. One has to look no further than today's political arena to validate this point.

Business | Radio Prague

The Fitch Ratings Agency has upgraded the Czech Republic's credit rating from A+ to AA-, with a positive outlook, according to the Reuters news agency. The improvement reflects the positive impact of stable economic growth on revenues, contained government spending and improved drawing of EU funds.

Business | Radio Prague

The Czech Credit Bureau reports that the number of bankruptcies among small Czech entrepreneurs is the lowest in five years. According to statistics there were 60 company bankruptcies in the month of July and 377 bankruptcies of small entrepreneurs which is 108 less than in the preceding month.

Business | Prague TV

The Czech Republic had the lowest unemployment rate among the 28 European Union member states again in June, and has held this position the first six months of the year, as well as overall for 2017. Unemployment in the EU in June 2018 was the lowest in a decade, according to Eurostat, the statistical office of the EU. The Czech Republic also had the highest employment rate among in the EU for non-EU migrants in 2017, and the second-highest self-employment rates for migrants born outside the EU.

Business | Radio Prague

The Czech Telecommunication Office (ČTÚ) is due to begin testing the 5G network in September and plans to auction 700 MHz frequencies in the second half of 2019, in hopes of attacking a fourth mobile operator to increase competition – and reduce rates for individual customers, who pay more on average than other Europeans.

Finance | Nasdaq/Reuters

The Czech central bank raised its benchmark interest rate for a third time this year on Thursday and held out the possibility of another increase soon as it seeks to corral inflation in the strong economy and compensate for a weak currency.