Articles for category: Business

ČTK

Wages Up Over 7% – Unemployment Lowest in EU

Prague, Dec 1 (CTK) – Average wage in the Czech Republic increased by over 7 percent in the third quarter of this year, a growth pace similar to the second quarter, and average real wage added around 5 percent, according to estimates of most analysts addressed by CTK.   The growth was pulled mainly by ...

ČTK

Businesses Cash in on Black Friday

Prague, Nov 30 (CTK) – Sales of Alza.cz, the largest Czech e-store, soared by 43 percent yr/yr on Black Friday thanks to which the retailer’s turnover for the past 12 months exceeded Kc20bn, its daily turnover crossing the level of Kc200m for the first time, the firm told CTK today.   Mobile phones were the ...

ČTK

FAU Wins Big – Court Ruling Thaws Freezing Orders

Prague, Nov 30 (CTK) – The Czech FAU company has won its dispute with the Financial Administration (FS) that froze its property as the Supreme Administrative Court (NSS) rejected the FS’s complaint and upheld the previous verdict cancelling the freezing orders today, the court says on its website.   A regional court cancelled in September ...

ČTK

Daniel Kretinsky’s EPH Turnover Up 33% Through September

Prague, Nov 29 (CTK) – EP Energy group raised its consolidated EBITDA (earnings before interest, taxes, depreciation and amortisation) annually by a third to Kc6.6bn in the first nine months of this year, while its sales dropped by 2.8 percent to Kc32.9bn, EP Energy said on its website today.   The results are based on ...

ČTK

Andrej Babis Agrofert

Andrej Babis’s Agrofert Using 1,700 Hectares of Land Illegally

Prague, Nov 28 (CTK) – The Agrofert group, formerly owned by ex-finance minister Andrej Babis, unlawfully uses 1,700 hectares of land which it does not own, Czech Radio Radiozurnal station said today.   According to Radiozurnal, the 1,700 hectares of land do not have a clear owner. Agrofert neither owns nor leases the land but ...

ČTK

40% of Czech Debtors Pay Bills Late, On Purpose

Prague, Nov 27 (CTK) – A total of 42 percent of Czech debtors intentionally fail to pay for goods and services in time, and Czechs thus rank among the least honest customers in Europe, according to a survey on payment discipline carried out by EOS KSI, an international debt collection agency.   Nearly a fifth ...

ČTK

Czech Billionaire Petr Kellner’s PPF to Acquire Skoda Transportation

Plzen, West Bohemia/Prague, Nov 26 (CTK) – PPF, the investment group of the richest Czech Petr Kellner, signed a contract for the purchase of 100 percent at engineering group Skoda Transportation, the groups’ spokespersons told CTK at the weekend.   The following are brief profiles of the two groups:   Skoda Transportation:   – It ...

ČTK

Skoda Caught Up in Czech Police Sweep of Illegal Foreign Workers

Solnice, East Bohemia, Nov 25 (CTK) – The Czech foreigner police detained 36 foreign workers without due documents in the Solnice-Kvasiny industrial zone in the past two months and they will be expelled from the country soon, regional police directorate chief na Jan Cizkovsky has told CTK.   In the past few days, 16 foreign ...

ČTK

PRO.MED.CS to Begin Producing Drugs in Russia to Avoid EU Sanctions

Prague, Nov 23 (CTK) – Czech pharmaceutical company PRO.MED.CS Praha signed a contract with Russian partner ZiO Zdorovie on moving of part of its production to Russia, Jiri Musialek, PRO.MED.CS’s head for the Russian market, said in an interview with CTK today.   The contract was signed at a Czech-Russian business forum in Moscow on ...