Friday, 22 June 2018
Business | Radio Prague

The Czech construction sector should grow by around 5.1 percent this year, according to figures released on Monday by the company CEEC Research. The growth is 0.8 percentage point higher than companies predicted at the start of the year. However, many firms say they are still being held back by a shortage of workers.

Business | Radio Prague

Czech and Slovak government ministers are due in Bratislava Monday to debate current problems and perspectives for nuclear energy. The annual two-day European Nuclear Energy Forum alternates between Czech and Slovak capitals and was created by the two nuclear states as a forum for the industry against the backdrop of increasing pressure to close reactors.

Finance | Radio Prague

Czech average wages rose by 8.6 % in the first quarter to CZK 30,265. After taking off the impact of inflation, the real rise comes to 6.6 percent. The median wage, the most frequently paid which cancels out the impact of very high wages on the average, rose by 8.3 percent to CZK 25,674 according to the Czech Statistical Office.

Business | Radio Prague

Czech flight search company Kiwi, one of the biggest air-ticket sellers on the European market, is broadening its business model, the daily e15 reported on Friday. From now on, customers can get a package including air ticket as well as journey to and from the airport. At the end of last year, Kiwi launched a pilot service combining journeys with six large European transport companies, including Deutsche Bahn, FlixBus, National Express, RegioJet, SNCF and Trenitalia.

Business | Brno Daily

The tendency of Czech businesses to use the euro in domestic and international transactions and contracts continues to increase. With around 65 percent of Czech exports heading to the eurozone, companies tend to be reluctant to use the Czech crown when conducting business.

Business | Prague Leadership Institute

Being able to release the creativity in a workforce, in a way that is natural and genuine for a leader, is the Holy Grail of leadership today.

Business | Radio Prague

Czech steelmakers are likely to be hit by US duties as a trade war looms with the United States. While direct Czech exports to the United States are relatively small, the main concern is the knock-on effect as tradition markets are flooded with steel originally destined for the US.

Finance | Radio Prague

In its first draft of the 2019 state budget the Finance Ministry envisages a deficit of 50 billion crowns, the ctk news agency reported Friday. The budgetary priorities are increased pensions, higher wages for teachers and higher investments. Deficits of roughly that amount are expected until the year 2021.

Business | Radio Prague

Steelmaker Třinecké železárny has made a bid to buy its main rival Arcelor Mittal Ostrava. The news was confirmed by the spokeswoman of Třinecké železárny Petra Jurásková.

Business | Brno Daily

There are basically two ways you can carry out commercial activities on your own in the Czech Republic. Your choice will depend on the scale of the commercial operation you wish to undertake.

Business | CTech

Škoda Auto DigiLab, the technology incubator operated in Tel Aviv by Czech automaker Škoda Auto a.s. and Israeli vehicle importer ChampionMotors Ltd., has announced Wednesday a collaboration with four Israeli startups.

Business | Bloomberg

The Italian political turmoil testing the strength of the euro area isn't denting Czech businesses' enthusiasm for joining the monetary union.

Finance | Prague TV

The Czech government has approved some changes to the rules for exchanging money, and these will benefit the public. Most importantly, people will have a chance to get their money back if they discover the deal was unfavorable. The amendment to the Foreign Exchange Act still needs to pass both houses of Parliament and be signed by the president. If it passes, it will take effect three months after its publication.

Business | Radio Prague

Czech household debt reached 2.18 trillion crowns in the first quarter of 2018, according to data released by the Banking and Non-banking Credit Register on Wednesday. Year-on-year, the Czech household debt burden increased by over 175 billion crowns, or 8.7 percent.

Business | Radio Prague

Prices of apartments in the Czech Republic have been growing sharply in recent years, and so have the prices of summer houses. In 2017, prices of Czech cottages and cabins went up by five to ten percent on the previous year, ČTK reported.