Wednesday, 23 January 2019
Prague | Business | Prague Daily Monitor

Novinky.cz reports, based on data from the Czech Statistical Office, that over 10% of the capital's residents are short of money and find it difficult to survive on their wages. This is mainly due to rapidly rising housing and living costs in the city, despite Prague having the highest average wage in the country.

Business | Brno Daily

At a meeting on Wednesday 16 January, the city council chose law firm Havel, Kuchař, Ryšavá (HKR), a specialist in property law, as its legal representatives in the city's ongoing dispute with local businessman Libor Procházka.

Business | Brno Daily

Last week, 25 representatives of Brno businesses and city departments, the South Moravian Region and the Roads and Motorways Directorate met for the first time as part of the working group for Repairs and Closures Co-ordination, which will discuss the timetable for construction works affecting traffic in the city in the next two years.

Finance | Radio Prague

The Finance Ministry has announced that orders for the special "Republic" bonds, issued to mark the centenary of Czechoslovakia late last year have exceeded 3 billion Czech crowns. A second issue of the bonds has already come on the market.

Business | Radio Prague

The Czech economy is by some measures the most competitive in Central and Eastern Europe. But productivity has not kept pace with the rapid wage growth of recent years. And without greater state support for applied research and to encourage innovation, the Ministry of Industry warns, long-term competitiveness – already now "frozen" – could plummet. "Although we have an excellent position in terms of macroeconomic stability, we need to improve our innovative capabilities," says minister Marta Nováková.

National | Business | Prague Daily Monitor

Právo reports that the Ostrava Transport Company (DPO), will stop printing and selling paper transport tickets, from January 1st, 2020. DPO estimates that the move will save the company over CZK 15 million, annually.

National | Business | Prague Daily Monitor

The National Institute of Public Health (SZU) announced on its website, that the country was in the throes of a serious influenza outbreak, at the end of the third week of 2019. It is estimated that the current infection rate is about 1158 people in 100,000, with 1500 per 100,000, being epidemic level.

Finance | Prague Daily Monitor

The Finance Ministry announced on Monday, that orders for the specially issued Republic bonds, timed to celebrate the centenary of the Czechoslovak Republic, crossed CZK 3 billion.

Business | EurActiv

Truck drivers should earn the same salaries as their foreign colleagues while working abroad, according to new EU rules. But non-EU competition and disgruntled hauliers complicate the issue further.

Finance | Nasdaq/Reuters

Czech Prime Minister Andrej Babis postponed tax cuts worth more than 22 billion crowns per year over the weekend, saying the state budget will be tight next year. The country had fiscal surplus for the third year in a row in 2018, and the Finance Ministry forecasts surpluses, albeit smaller, in the coming three years as the economy slows.

National | Business | Radio Prague

President Miloš Zeman has lashed out at the education minister for having met the director of the counter-intelligence service BIS to discuss the agency's warning that a "Soviet narrative" still dominates the teaching of modern history in Czech schools.

Business | Brno Daily

According to the Czech Statistical Office, over 10% of the workers employed in the Czech Republic are foreign nationals. The largest national group is Slovaks, though there are also large numbers of Ukrainian, Polish, Romanian, Bulgarian, Russian, and Vietnamese workers in the country.

Business | Brno Daily

The public are now voting between 11 different proposals for the design of the central part of the complex. Zone 5 covers the area at the centre of Nová Zbrojovka, the 22-hectare planned redevelopment of the former Brno Armoury complex.

Business | Prague Leadership Institute

John Maxwell is saying that no matter how smart you are, how powerful you are, if you don't care about those around you, all you will get from them is threshold behavior, non-engagement, and even sabotage in the worst cases.

Business | Radio Prague

Czech Prime Minister Andrej Babiš wants to promote his country's relations with India to a strategic partnership. He said so in an opening speech at the Vibrant Gujarat Global Summit in Gandhinagar, where he also met with his Indian counterpart Narendra Modi.