Sunday, 22 October 2017
Business | CIA News

The State Agriculture Intervention Fund (SZIF) will accept applications for the 5th round of the 2014-2020 Rural Development Fund from October 10, 2017.

Business | Prague TV

Air carrier Travel Service will take over Czech Airlines (ČSA), buying shares from Korean Air and state-owned Prisko. Travel Service will hold 98 percent of Czech Airlines. The information was reported by news websites Zdopravy.cz and ČT24. Travel Service spokeswoman Vlaďka Dufková declined to comment. Travel Service is expected to issue a statement soon. Travel Service, which owned 34%, has agreed to buy a 44% stake from Korean Air and another 19.7% from Prisko.

Business | Prague Leadership Institute

We may build on emotions but we also need a reason to cast light on our efforts," said Tomas Garrigue Masaryk. The more I read about the first Czechoslovak president the more I appreciate his common sense and wisdom as a leader.

Business | Radio Prague

Bosses at the Czech Republic's biggest car maker and biggest manufacturing concern, Škoda Auto, have moved to try and calm fears that some production could be moved to Germany to ease the fact that local plants are working full out.

Finance | ČTK

Cryptocurrencies such as bitcoin threaten the existence of central banks because they do not depend on central banks, similarly to gold and oil where only the market sets the price, Pavol Luptak, head of the fourth Hackers Congress held in Prague last weekend, told CTK on Sunday.

Business | ČTK

The memorandum on possible lithium mining in north Bohemia that Industry and Trade Minister Jiri Havlicek (Social Democrats, CSSD) recently signed with an Australian company does not bring any obligations on the Czech Republic, he said in a Prima TV online discussion on Sunday.

Business | CIA News

Developer JRD will buy acquisitions for a future volume of sales of apartments in the value of CZK 1bn by the end of 2017.

Business | CIA News

In August 2017 retail revenues adjusted for calendar effects increased by 4.8 % y/y. Fuel revenues increased by 6.8 %, non-food revenues increased by 5.6 % and food revenues increased by 2.6 %.

Business | Prague TV

The richest Czechs keep getting richer. Out of the top 10 richest Czechs, only one saw a drop in their finances. All of the top 10 were males. Daniel Křetínský was youngest, as 42 years of age. Eduard Kučera was oldest, at 64.

Business | Prague TV

Most people offering short-term flats don't follow all the existing rules. The Economic Chamber has presented a code describing the legal and ethical obligations that should be met by landlords.

Business | CIA News

Prologis has opened construction work on a 14,477 m2 speculative building in Prologis Park Prague-Airport. Completion is foreseen for Q1 2018.

Business | CIA News

Engineering company HESTEGO floats anew company, OOO Gestego, in Ulyanovsk, Russia, on October 6, 2017. The Russian firm will have its own coating line and development and technology department.

Business | CIA News

Totally 43% of companies plan to change their business model in the next three years due to the tools brought by new industrial revolution (Industry 4.0).

Finance | Prague TV

The difference between the average salary for people in Prague and for people working in other areas is slowly closing, as some regions are adding more higher-pay jobs. Since the end of the economic crisis, the wage gap has closed up by some CZK 500.

Business | Radio Prague

The shared economy has spread fairly fast in the Czech Republic and especially in the capital Prague, as testified by the success of both the Airbnb and Uber applications.