Over the past week Prague was the focus for discussions between experts and businessmen from Europe, the United States, Canada, and Australia, about their experiences with the medicinal cannabis market. It’s a global market that’s growing fast and reckoned to be soon worth hundreds of billions of dollars. But the story in the Czech Republic […]
The gig economy is already making waves in the Czech Republic, as continued demonstrations in the Czech capital about the Uber taxi platform, due again to take place on Wednesday, prove. But the bark is in some sense bigger than the bite it has taken out of the traditional economy or made elbow room for […]
Prague’s taxi drivers are planning to protest against the ride-sharing service Uber by blocking traffic in the city on Wednesday. The protest, organised by the Prague taxi drivers association, will go ahead despite a call from Prague Mayor Adriana Krnáčová to revoke it. Last month, taxi drivers staged a similar protest, blocking traffic to […]
Google has officially announced the release of Android Pay in the Czech Republic on their Android website. Android Pay is now available for download in the Google Play store for Android users running Android version 4.4 and above on NFC capable mobile devices. Participating financial institutions include mBank, Moneta, J&T Banka, MasterCard and Visa. Komerční Banka (KB) support is coming soon. Companies accepting […]
Czech banking unions have declared strike alert in the financial sector to support wage demands, the Union of Workers in Finance and Insurance said on Monday. “The union…has for some time been trying to negotiate with bank and insurance firms’ management for decent wage conditions and to eliminate extreme fluctuation that has been going […]
Back in August of 2017 the Czech Ministry of Finance gave credit to the countermeasures against illegal gambling and increased taxation of slot machines for driving a 38 percent increase in state revenue from gambling over last year. The gambling operators that are looking at that market data in the Czech Republic have made […]
The Czech central state budget should end the year with a surplus of several billion crowns, including European Union subsidies, Czech Finance Minister Ivan Pilny said on Sunday. “If we exclude money from European Union funds, my estimate is we should finish with a mild deficit that may be around 10 billion crowns ($456.83 […]
Google is expected to announce the launch of Android Pay at a press conference in Prague on November 14th. Komercni banka is currently beta testing the app and is thought to be among the launch partners. Android Pay will be available to Android mobile users running Android 4.4 and above on mobile devices equiped with […]
Kiwi.com, an online travel agency in the Czech Republic forecasts that its gross transaction value this year will be about $700 million, with net revenue of between $100 and $110 million. Next year, the Brno-based company will double those numbers, according to co-founder and CEO Oliver Dlouhy. But it remains to be seen if that […]