Thursday, 27 July 2017
Finance | Radio Prague

A recent poll conducted by Equa Bank asked respondents whether they had a good overview of their partners' finances and apparently for good reason: four in 10 Czechs, according to the poll, are not completely honest about how much they make or have saved.

Business | CIA News

Czech automaker ŠKODA AUTO has opened a new automatic warehouse for smaller parts in its Kvasiny-based plant. According to the company, the construction of the warehouse was one of the largest logistic projects in the new history of ŠKODA AUTO.

Business | CIA News

Central European Media Enterprises (CME) reported net revenues of USD 316.9m for H1 2017 at constant exchange rate, up 7% y/y.

Business | CIA News

The national income from the value added tax in the Czech Republic totalled CZK 181.41bn as of July 14, 2017. The sum totalled CZK 160.99bn as of the end of the same period of the year 2016.

Business | ČTK

Czech President Miloš Zeman recommended Czech Liglass Trading firm, which is to complete a cascade of hydroelectric power plants on the Naryn River, to his Kyrgyz counterpart Almazbek Atambayev during their meeting, it ensued from his interview for Czech Radio Radiožurnál on Monday. According to the contract, Liglass Trading will build two large and dozens of small hydroelectric power plants in Kyrgyzstan and invest a total of 230 million dollars in the first stage.

Business | Radio Prague

Czech measures to deal with its nuclear waste backlog are again under scrutiny as the country faces possible European Commission sanctions for failing to pass on its domestic plans for dealing with nuclear waste from power plants and other civil activities and an update of the existing strategy taking place.

Finance | Reuters

Czech banks expect tighter conditions for household loans in the third quarter and falling demand for mortgage lending as stricter recommendations in the home loan market take bigger effect, a central bank lending survey showed on Monday.

Business | Nasdaq/Reuters

Czech business confidence rose in July to a six-month high, but companies in the country with the EU's lowest unemployment rate are worried that a worker shortage is becoming a barrier to further expansion. Some 32% of firms cited in Monday's monthly national statistics office survey said a lack of staff was a brake on growth.

Finance | ČTK

The deficit of the Czech pension system continued to decrease in the first half of the year and it was at one third of the same period of 2013 and almost at 50 percent compared to 2015, according to the data by the Czech Social Security Administration (CSSZ) CTK has received.

Business | ČTK

The Czech military will buy more than 140 new armoured vehicles for 9.2 billion crowns in the next few years on the basis of the contracts submitted by Defence Minister Martin Stropnicky (ANO) that the government approved on Monday, he has tweeted.

Finance | ČTK

The Czech cabinet on Monday rejected the joint proposal by deputies from the ruling Christian Democratic Union (KDU-CSL) and the opposition Mayors and Independents (STAN) that the last two phases of introducing electronic registration of sales (EET) be postponed, the Government Office told CTK.

Business | CIA News

Profireal Group has decided to take full control over its expansion in Russia and buy out 50% stake from J&T Banka. Profireal Group has stated that it will continue to cooperate with J&T on expansion financing in Russia and other countries.

Business | CIA News

Exports of military materials from the Czech Republic are expected to exceed CZK 20bn in 2017. This statement was made by President of the Association of Defence and Security Industry of the Czech Republic (AOBP ČR) Jiří Hynek.

Business | Radio Prague

A Czech businessman is set to open a clinic in Tanzania. It is the first major Czech investment in the country, the daily e15 wrote on Friday. The Europe Dispensary Clinic was built by Czech consultant Viktor Korček, founder of the Czech-Kenyan trade chamber, and is set to start operating in August in Tanzanian capital Dar es Salaam. It is intended mainly for middle-class and higher class clients. Korček expects the clinic to attract around three thousand patients a month and to be economically self-sufficient.

Business | Prague TV

The President has recently signed a new amendment to the Czech Immigration law. Among many other changes the new immigration legislation introduces the possibility to obtain a long-term residence permit for investors.