Airbnb hosts almost half of the entire Prague housing market and has yearly turnover of two billion crowns, most of which go untaxed. The Finance Ministry is taking steps to ensure taxes are paid on those earnings. The Ministry of Finance has proposed merging the accommodation, recreational and spa taxes into one. Anyone offering a rental for a […]
Karvina, North Moravia, April 4 (CTK) – The expert opinion of the A-Consult plus institute estimated the phaseout costs of the OKD company’s black coal mines at some Kc6.6bn, daily Mlada fronta Dnes (MfD) said today. OKD’s price is estimated by the insitute at Kc540m in total, the value itself at Kc234m and non-operating […]
Karvina, North Moravia, April 4 (CTK) – State-run company Prisko acquired shares of OKD black-coal mining company for nearly CZK 80 million today, with Boleslav Kowalczyk becoming OKD’s new CEO and chairman of the new board, according to CTK’s sources. Kowalczyk was OKD’s head of operating mines before. With supplier companies, OKD has a 9,500-strong […]
Prague, April 3 (CTK) – Hartenberg, a private equity fund that belongs to trustee funds of Prime Minister Andrej Babis, buys a 51 percent stake in Astratex, Central Europe’s largest online underwear retailer, Hartenberg told CTK in a press release. The price of the deal was not disclosed. Business daily Hospodarske noviny (HN) […]
Prague, April 3 (CTK) – The Czech economy expanded by 5.5 percent in Q4 yr/yr, against the previous estimate of 5.2 percent, and gross domestic product (GDP) for the entire year grew by 4.6 percent, while early in March statisticians estimated a 4.5 percent hike, they said today. Q4’s GDP growth was 0.8 percent […]
Lodenice, Central Bohemia, March 29 (CTK) – GZ Media, a world’s leading CD, DVD and vinyl producer, raised its turnover annually by 5 percent to Kc2.58bn in 2017, and it produced 27 million music records, with 24 million being made in the Czech Republic and the rest in the USA and Canada, company CEO Michal […]
Prague, March 29 (CTK) – Interest rates cannot be expected to increase again sooner than at the end of 2018 after their February hike, growing mainly in 2019, based on the Czech National Bank’s (CNB) forecast, central bank governor Jiri Rusnok said at today’s press conference after the CNB Bank Board meeting. The CNB […]
Prague, March 23 (CTK) – Splitting up energy utility CEZ due to the planned construction of a new nuclear source would be unwise, as it is necessary to assess its impacts on shareholders first, Industry and Trade Minister Tomas Huner said in today’s issue of daily Hospodarske noviny (HN). In addition, the preparations for […]
Prague, March 22 (CTK) – Silvana Jirotkova will be new CEO of state-run agency CzechInvest as of March 26, she is now director of internal projects department at the agency, the Industry and Trade Ministry told CTK, and minister Toms Huner signed her letter of appointment today. “After a long time, CzechInvest has a […]