Business

Slovakia’s airspace to be protected by Czech Republic from September

Bratislava is in talks to send its MiG-29 aircraft to Ukraine. The Czech Air Force will patrol the Baltic airspace until the end of September, Defense Minister Ernochová said this week, extending the deployment by two months. According to Ms. Ernochová, the decision was taken in response to a formal request from Lithuania and does […]

Residents to get up to CZK 16,000 for Electricity, Gas, and Heating

The lower house of the Czech Parliament has approved the bill on the so-called “economical tariff.” This is a program to assist homeowners with paying their electricity and gas bills for the next heating season. All of the MPs who were present voted in favor. The program envisions the state compensating all residential consumers for […]

Use of Nicotine ‘Candy’ for School children to be intervened by the Czech State

Deputies from the ANO party and the Czech Ministry of Health want to change the law to outlaw the use of nicotine substitutes in pouches or candies, which have long been lawfully available to youngsters. Because the goods do not include tobacco, they are not banned under existing regulations in the same way as cigarettes, […]

Exeter Acquires Logistics Centers In Nosovice And Mosnov

The projects of production and warehouse halls in Nošovice and Ostrava-Mošnov, co-owned by a fund from the J&T Group, will be gradually bought by the American investment giant Exeter Property Group. This is the first investment in the Czech Republic for an American company. The American real estate company Exeter Property Group, which manages assets worth […]

Eset Unveils New 200 Million Euros HQ Campus Design

Antivirus company Eset will build a new headquarters in Bratislava for 200 million euros, ie over five billion CZK. The amount includes the acquisition of land on the premises of the former Military Hospital as well as the planned construction, including interiors and the supply of technology. Completion is planned for 2027. The concept of the new […]

CEZ ESCO Acquires Capexus

ČEZ ESCO from the ČEZ energy group has acquired Capexus, which deals with the design and reconstruction of office space. This follows from a notice published on the website of the Office for the Protection of Competition (ÚOHS), which assesses the transaction. “The proposed merger of competitors is taking place mainly in the area of ​​implementation […]

Czech Consumer Confidence Index Falls In November

Confidence in the Czech economy fell by 0.1 point month-on-month to 95.2 in November. It has been declining for five months in a row. The decline is mainly due to a drop in consumer confidence, while entrepreneurs’ outlook for the economy has improved. This follows from the results of a survey published today by the Czech Statistical Office (CSO). Compared to […]

IMF Downgrades Economic Forecast For Czech Republic

The Czech economy will grow by 2.6 percent this year and growth will accelerate to 3.5 percent next year. This follows from the conclusions of the regular mission of the International Monetary Fund (IMF) in the Czech Republic. In October, the fund expected growth of 3.8 percent this year in the case of the Czech economy and 4.5 percent […]