News

Unemployment in Czech Republic rises to 2.8% 02.11.2020 Unemployment in Czech Republic rises to 2.8% Czech unemplyoment rate is still relatively low, but future development is not very clear.
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Despite Covid-19, Czechs spend record sums on mortgages 02.11.2020 Despite Covid-19, Czechs spend record sums on mortgages Surpringly, during the time when people were expected to save money, Czechs were more intersted in mortgages. In August and September, there is about 20% increase compared to the previous year.
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Czech mountain resorts invest CZK 750 million ahead of winter season 02.11.2020 Czech mountain resorts invest CZK 750 million ahead of winter season Despite the situation over coronavirus epidemy, Czech ski resorts invested lot of money in expectation of the visitors this winter season.
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Covid crisis causing up to 40 percent fall in spirits sales in the Czech Republic 02.11.2020 Covid crisis causing up to 40 percent fall in spirits sales in the Czech Republic Despite the allegede proclamation that Czechs are alcohol lovers, sales of spirits are dramatically falling down, announces the industry.
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Czech magnate buys piano order canceled by PRC 18.09.2020 Czech magnate buys piano order canceled by PRC Czech Tycoon Karel Komárek undertook the contract for the purchase of world famous pianos PETROFF, originally prepared for the sale to China. PRC refused to fulfill the contract after the journey of Czech Senators to Taiwan.
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Holding EPH is going to sell Prague heating plant to Veolia 18.09.2020 Holding EPH is going to sell Prague heating plant to Veolia Czech billionaire Daniel Křetínský’s EPH, the largest energy holding in Central Europe, is selling the heating plant firm Pražská teplárenská to the French transnational Veolia for an undisclosed price. The transaction is yet to be approved by the Office for the Protection of Competition.
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Car sales in the Czech Republic fell by quarter in first eight months of 2020 18.09.2020 Car sales in the Czech Republic fell by quarter in first eight months of 2020 Automotive Industry is the most important industry in the Czech Republic. Sigs of dropping car sales are warning for all industry.
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Czech industry surpasses expectations again 18.09.2020 Czech industry surpasses expectations again Czech July industrial production increased by 6% Month-on-Month. But Year-on-Year dynamics show production 5% lower, still better than analyst expectations.
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Czech economy sharply declines in second quarter 05.08.2020 Czech economy sharply declines in second quarter Decline in economical results of the Czech Republic´s economy in connection with the crises of COVID-19 is quite sharp in the second half of the year.
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Skoda Auto sees slump in sales due to coronavirus 05.08.2020 Skoda Auto sees slump in sales due to coronavirus The car industry has been hit hard by the coronavirus crisis as lockdowns halted production lines and closed showrooms. Skoda Auto, one of the driving forces of the Czech economy, saw a 33 percent drop in sales in the first half of this year.
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