Thursday, 14 December 2017
Business | CIA News

KKCG has invested through the Springtide Ventures fund and with participation of Rockaway Ventures almost CZK 130m into the Techloop virtual IT labour market.

Finance | CIA News

Czech Republic’s GDP will grow 4.3% in 2017, while in the next two years the growth rate will drop to 3.5% (2018) and 3.2% (2019), OECD predicts. The economy’s performance will be supported by strong domestic demand and export.

Business | Real Estate | Prague TV

Rents for shops in Wenceslas Square can reach those of Na Příkopě in the next few years if recent trends to continue.

Business | Real Estate | Prague Connect

GeddesKaňka, the Czech and British-owned architectural practice based in Prague - Smíchov has been appointed as the general designer on the reconstruction of the famous and historic Grand Hotel Europa on Wenceslas Square.

Business | ČTK

German filmmakers will shoot 14 television films and series and spend more than 850 million crowns in the Czech Republic in 2017, Helena Bezdek Frankova, director of the State Cinematography Fund, has told CTK.

Finance | ČTK

Addiction treatment annually incurs costs of 1.5 billion crowns from the public health insurance and further costs are linked with its social impacts and prevention schemes, Jindrich Voboril, national anti-drug coordinator, told CTK in an interview.

Business | CIA News

With support from Genesis Private Equity Fund III, DEIMOS has created a machinery group D2G, an association of Czech companies active in the area of industrial technologies.

Business | CIA News

Redevco has acquired the Neo-Renaissance and Art Nouveau City Palais building in the centre of Prague from a private group of investors.

Business | CIA News

In Q3 2017, the total debt of inhabitants of the Czech Republic grew by CZK 172.9bn on the year to CZK 2.09tn. The rise is to be attributed to a higher volume of housing loans (+9.9%; +CZK 149bn).

Business | Nasdaq/Reuters

The PPF group of investor Petr Kellner has signed a deal to acquire 100 % of the Czech trains and trams maker Škoda Transportation, PPF and Škoda said on Saturday. The Pilsen-based firm employing 5,300 people had been owned by several Czech businessmen, represented by a company called CEIL. "A contract on transferring 100 % of shares in Škoda Transportation has been signed by CEIL, the sole owner, and the PPF company," Škoda said.

Business | Prague Leadership Institute

"As a well-spent day brings happy sleep, so a well-used life brings happy death," said Leonardo da Vinci. Now a question for you: What are you not doing, that you know you should be doing, to, as Leonardo put it, live a well-used life?

Business | ČTK

The Czech foreigner police detained 36 foreign workers without due documents in the Solnice-Kvasiny industrial zone in the past two months and they will be expelled from the country soon, regional police directorate chief na Jan Cizkovsky has told CTK.

Business | CIA News

The total economy in domestic economy dropped moderately in the Czech Republic in November 2017. The aggregate indicator of confidence, quantified as the basic index, dropped 0.3 pts to 99.0.

Business | CIA News

Regulated electricity prices for 2018 will on average fall for customers connected to high and very high voltage and increase slightly for households and small entrepreneurs.

Business | Radio Prague

Unions at Volkswagen's Czech manufacturer Škoda Auto are threatening to go on strike, claiming that the company doesn't show enough interest in its employees, the daily Hospodářské noviny reported on Thursday.