News

The trend of online grocery shopping helped to create a first-ever Czech unicorn start-up 26.07.2021 The trend of online grocery shopping helped to create a first-ever Czech unicorn start-up The Czech online supermarket Rohlík exceeded the 1 billion dollar valuation and became the first start-up in the country to join the prestigious global unicorn club.
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The living standard of households in Czech Republic is almost as high as it was before the start of the pandemic 02.07.2021 The living standard of households in Czech Republic is almost as high as it was before the start of the pandemic Despite the peak of pandemic in the first quarter of the 2021 the living standard of Czech households has gotten much better in that particular period. The current situation is comparable with figures from the year 2019.
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Czech innovators from ADVACAM are part of the efforts to reconquer the Moon 01.07.2021 Czech innovators from ADVACAM are part of the efforts to reconquer the Moon The Czech technology sector shines again as it helps in a milestone mission to reexplore Earth’s nearest celestial body.
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Czech Republic has been rated “AA-“ by the American credit rating agency Fitch Ratings 28.06.2021 Czech Republic has been rated “AA-“ by the American credit rating agency Fitch Ratings The international credit rating agency and one of the Big Three credit rating agencies from the US Fitch Ratings has affirmed the Czech Republic’s credit rating at “AA-“ with a stable outlook in the future.
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Marks & Spencer will provide their products for the Czech online supermarket Košík.cz 24.06.2021 Marks & Spencer will provide their products for the Czech online supermarket Košík.cz The major British multinational retailer that is selling specifically clothing, home products and food products under its own label is about to cooperate with Košík.cz a Czech online supermarket.
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Czech consumers to increase their expenses on clothes and holidays 21.06.2021 Czech consumers to increase their expenses on clothes and holidays Up to two thirds of Czech consumers are about to spend more on things that they couldn’t buy during the pandemics.
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Nine new brands are entering the Czech market in the first half of 2021, Primark has opened its first store 18.06.2021 Nine new brands are entering the Czech market in the first half of 2021, Primark has opened its first store For comparison with the same period of the 2020 there were 6 new brands coming to Czech’s market. Other brands are also planning to open in the Czech Republic such as Chanel and Balenciaga, Anson’s or Modivo.
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Czech National Bank is about to strengthen its remit over firms in crisis 17.06.2021 Czech National Bank is about to strengthen its remit over firms in crisis The Chamber of Deputies of the Czech Republic have approved an act in reaction to the EU’s Bank Recovery and Resolution Directive (BRRD II) which should help to harmonize the general approach towards failing financial institutions in the EU.
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Newly approved amendment in Czech Republic helps with establishment of companies 09.06.2021 Newly approved amendment in Czech Republic helps with establishment of companies The amendment comes up with broad digitalisation of the whole process of company establishment which enables an establishment of new company through an online form as well as making the whole process cheaper.
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The GDP of Czech Republic is about to grow by 3,3 % this year according to OECD 01.06.2021 The GDP of Czech Republic is about to grow by 3,3 % this year according to OECD The Organisation for Economic Co-operation and Development (OECD) has updated their outlook for the remainder of the 2021 and also for the next year. The global economy is expected to rise by 5,8 %.
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