News
Czech inflation slows to 2.4 pct in December /09. 01. 2012/
Czech year-on-year inflation slowed in December to 2.4 percent from November’s 2.5 percent thanks to a slower increase in fuel prices, which rose by 7.2 percent over the month compared with the previous 12.0 percent. More...
Slowdown may be for the best. /05. 01. 2012/
With mounting debt, a global economic slowdown and a protracted political debate over domestic austerity and international fiscal oversight, European economies didn't get off to a very good start in 2012. But does it matter? One economist says we are too enamored of growth and that 2012 should be a year of... More...
Czech economic confidence slips in December /27. 12. 2011/
Czech economic confidence slipped again in December. And if many will be happy to see the back of 2011, 2012 is not a very bright prospect either. Czech confidence fell across the board in all sectors of the economy and among consumers in December, the Czech Statistical Office (ČSÚ) reported on Tuesday. More...
Carp-farming sector still going strong. /22. 12. 2011/
Each year, thousands of workers in more than 7,000 different locations produce around 20,000 tons of carp, largely to meet one day of demand for the traditional Christmas dinner. The Czech aquaculture industry's role in overall agricultural output is marginal, but the carp tradition accounts for about 87 percent of the i... More...
Five days of paid leave most popular employee benefit in CR /19. 12. 2011/
Prague - The most popular employee benefit in the Czech Republic is an additional fifth week of paid leave, according to the annual study PayWell by PwC. More...
Firms from CR, USA and China plan production of new plane in CR /15. 12. 2011/
Prague - A consortium of Czech, Chinese and US companies wants to produce a new type of plane in the Czech Republic, Miroslav Krizek, head of government agency CzechInvest, said today. More...
Steel producer prepares to slash jobs. ArcelorMittal Ostrava will lay off 600 workers next year. /14. 12. 2011/
ArcelorMittal Ostrava, a branch of the Indian steelmaking giant, will lay off 600 employees, citing a "prolonged period of uncertainty" in the European market, company officials said, where excess supply and low demand are pushing down prices and forcing producers to restrict their output. In response to the cuts, 1... More...
Czech Statistical Office: Czech economy grows by 1.2 pct in Q3 yr/yr /12. 12. 2011/
Prague - Czech economy expanded by 1.2 percent in Q3 year-on-year, a drop of 0.3 percentage point compared to the preliminary estimate, and gross domestic product (GDP) fell by 0.1 percent against Q2, while the preliminary estimate predicted stagnation, the Czech Statistical Office (CSU) said today. More...
OECD tells Czech Republic to build on reforms /21. 11. 2011/
OECD head says export-driven Czech economy must develop a more ‘innovative, skill-based and energy-efficient economy’. With the Czech economy’s export-driven recovery slowing, the country must move to swiftly implement new reforms that ensure sustainable, inclusive long-term growth and better resil... More...
Czech economy stagnates amid recession fears /21. 11. 2011/
What direction will take the Czech economy in the following months, amid the looming Euro-zone debt panic and extreme nervousness in the global markets? The latest data indicate a slowdown - the Czech economy did not grow from the second to the third quarter - but everything will depend on Germany, the largest partner of... More...
