The OECD projects Czech economic growth to accelerate to 2.1% this year, up from 1% in 2024, with further expansion to 2.5% in 2026. Inflation is expected to ease, and the fiscal deficit will continue...
Czech inflation eased to 2.7% in February, mainly due to falling fuel and oil prices. However, sharp increases were recorded in food items like butter, chocolate, and eggs, while housing costs and tob...
The Czech Republic’s average wage has reached a new milestone, climbing to 49,229 CZK in the fourth quarter of last year. This represents a year-over-year increase of 7.2 percent, or 3,322 CZK, accord...
In today’s competitive market, finding reliable outsourcing partners to optimize production costs while maintaining high-quality standards might prove difficult.
ČEZ Group has become a significant shareholder of Rolls-Royce SMR, acquiring a stake of approximately one-fifth of the company. This strategic partnership aims to advance the development of small modu...
The Czech Parliament has approved a measure to reduce spending on renewable energy support by requiring profitability checks for larger solar power plants. The amendment, part of Lex OZE III, now awai...
The situation at Zetor tractor company has been stabilised.
Mews, a Czech startup specializing in hotel management software, has raised $75 million in a funding round led by Tiger Global. This investment aims to support Mews' expansion in the U.S. and the DACH...
For the third time, the Czech company Chart Ferox received the prestigious title of Innovative Company of the Ústí nad Labem Region. The company received the award for its groundbreaking project: desi...
The German economy faces another wave of bankruptcies in 2025, especially in the automotive industry, which is expected to heavily impact Czech suppliers.
AI and space tech startup Zaitra is working to make satellites more autonomous and boost the profile of the Czech space industry, where the company is based.
The head of the European Commission, Ursula von der Leyen said EU and India were pushing to get a free trade agreement during this year during her visit to India at the end of Februrary 2025. Speaking...