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Thousands of Filipino workers headed to Czechia amid labor shortages 26.03.2024 Thousands of Filipino workers headed to Czechia amid labor shortages Unemployment in the country is among the lowest in the EU, and companies in various fields are finding it difficult to find new employees. The Czech Republic is looking to the Philippines to help address severe labor shortages across various sectors, with thousands of Filipino workers expected to ar... Philippines Philippines
Construction of railway station at Prague's Václav Havel Airport gets green light 26.03.2024 Construction of railway station at Prague's Václav Havel Airport gets green light The new Prague Airport-city center rail connection will ultimately speed up travel times into the heart of the capital by an estimated 25 minutes on average. Czech Republic Czech Republic
25.03.2024 Czech National Bank Cuts Interest Rates, Easing Mortgages and Loans The Czech National Bank (CNB) has announced a significant move in its monetary policy by slashing its base interest rate by a half percentage point. The rate now stands at 5.75 percent, a level last seen in May 2022. This decision directly impacts the cost of loans, including mortgages, as they are ... China China
25.03.2024 Economic Revival in the Czech Republic The increase in confidence in the Czech economy signals a nascent revival. Analysts attribute this to successful vaccinations and easing restrictions. However, caution remains due to lingering uncertainties. Israel Israel
The Czech aircraft manufacturer Aero Vodochody has delivered the first batch of L-39NG aircraft to Vietnam 24.03.2024 The Czech aircraft manufacturer Aero Vodochody has delivered the first batch of L-39NG aircraft to Vietnam According to the manufacturer, the aircraft, whose price is estimated at 10 million US dollars, stands out compared to more powerful training aircraft such as the M-346 or Yak-130 with low operating costs and long range. New Zealand New Zealand , Australia Australia
22.03.2024 New Employees Earn Up to 15% More Than Existing Ones in The Czech Republic The job market in the Czech Republic is experiencing a slight cooling, but companies are still looking to hire, especially for the first half of the year. Those planning to switch jobs will find it relatively easy to do so. Moreover, most firms offer newcomers an average of 15% higher wages than the... China China
Navigating the tech revolution: Czechia's business services in 2024 22.03.2024 Navigating the tech revolution: Czechia's business services in 2024 Cybersecurity, IT support, and data analytics are emerging as the fastest growing areas, further solidifying Czechia's position as an international leader in IT and business services. Morocco Morocco
Czech Republic lighting manufacturer Robe acquires LSC Control systems 20.03.2024 Czech Republic lighting manufacturer Robe acquires LSC Control systems The acquisition of LSC Control Systems PTY in Australia, is a move that sees the Czech lighting manufacturer Robe further consolidate its portfolio of leading lighting and control brands. New Zealand New Zealand , Australia Australia
Škoda Auto's Soaring Performance and Volkswagen's Profit Surge in 2023 20.03.2024 Škoda Auto's Soaring Performance and Volkswagen's Profit Surge in 2023 In 2023, Škoda Auto, under the Volkswagen Group, witnessed significant financial growth, with operating profit leaping by 182 percent to 1.77 billion euros and revenues surging by 26 percent to 26.5 billion euros. Production also rose by 16 percent, reaching 888,050 vehicles. The bulk of Škoda's sal... U.S.A. U.S.A.
Central Bank council meets expectations, decreases base interest rate to 5.75 per cent 20.03.2024 Central Bank council meets expectations, decreases base interest rate to 5.75 per cent The Czech National Bank's Bank Board reduced the base interest rate by half a percentage point to 5.75%, impacting mortgage and corporate loan rates. However, it's not expected to significantly affect the anticipatedkoruna's exchange rate, as market analysts anticipated. CNB Governor Ales Michl hig... Belgium Belgium

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