Chinese President Xi Jinping on Monday met with Czech President Milos Zeman, who attended the first China International Import Expo in Shanghai. Xi pointed out that China and the Czech Republic have enjoyed long-time friendship and their bilateral relationship has been buttressed by deep public support and wide-ranging mutual interest. Xi said following […]
The Czech central bank’s governing board voted 5-2 in favour of a 25 basis point interest rate hike on Thursday, the bank said. One of the dissenters voted for a 50 basis point hike, and one voted for no change in policy settings, the bank said in a presentation. It said the board saw […]
A chemical company that forms part of a conglomerate founded by Czech Prime Minister Andrej Babiš is poised to get approval for continuing to produce a dangerous substance, despite protests from environmental groups. The company, DEZA, has also made liberal use of the courts in protecting its business — suing the European Chemicals Agency (ECHA) […]
The Czech central bank has room to further raise interest rates due to inflationary pressures and prolonged crown weakness, bank board member Tomas Nidetzky was quoted as saying on Wednesday. Nidetzky did not say in an interview with Bloomberg news agency how he would vote at the bank’s next policy meeting on Nov. 1. […]
OKIN Business Process Services announced Monday plans to establish a U.S. headquarters in San Antonio with more than 1,400 jobs. “After a two-year site selection journey, we are delighted to announce that our U.S. headquarters will be located in San Antonio, Texas.,” Dan Smith, President, and CEO, OKIN BPS, said in a news release. […]
The electric scooter phenomenon reached Prague at the end of September. The scooters belong to American company Lime – a business that went from Silicon Valley start-up to billion dollar business in just 18 months. After just three weeks on the capital’s streets, however, some Praguers are complaining about them, with Twitter feeds filled […]
The Australian-based mining company European Metals Holdings is continuing with preparations for lithium mining in the Czech Republic, despite the fact that the Czech government does not consider the memorandum on the extraction and processing of lithium, signed with EMH last year, legally binding and wants a Czech state-run company to mine and process the […]
A businessman who became one of the richest in the Czech Republic a decade ago now says he’s besieged by phony protesters dressed as coal miners demonstrating outside his estate in Hilton Head Island, South Carolina. Zdenek Bakala claims the people who marched through the streets of the coastal resort town in August chanting “Bakala is a creep! […]
The Czech Republic’s central bank has raised its key interest rate for the third time since June, by a quarter point to 1.50 percent. Wednesday’s move, which was expected in financial markets, is the fourth increase this year and analysts expect the trend to continue. The hike comes as the annual inflation rate […]