Unemployment in the Czech Republic dropped to its lowest point in almost 20 years in October to just 3.6 percent. The result was confirmed in data released by the Czech Labor Office. In December 1997, the number of people without work was around 269,000. The amount of those without work in October this year numbered […]
Czech retail sales growth accelerated for the second straight month in September, figures from the Czech Statistical Office showed Monday. Retail sales, excluding automobile trade advanced an unadjusted 6.2 percent year-over-year in September, faster than the 4.8 percent rise in August. Retail trade of automotive fuel alone grew 5.2 percent annually in September, while sales […]
Czech foreign trade surplus increased in September from a year ago, as exports grew faster than imports, figures from the Czech Statistical Office showed Friday. The trade surplus rose to CZK 20.2 billion in September from CZK 19.4 billion in the corresponding month last year. Economists had forecast a surplus of CZK 17.8 billion. […]
Whether gathering dust in your loft or currently spinning on your turntable, it’s a fair bet that at least some of your vinyl records came from a small factory in the Czech Republic. The facility in question is the headquarters of GZ Media, based in the small town of Lodenice, 25km (16 miles) west […]
Investor Daniel Kretinsky, the majority owner of central European energy group EPH, is near a deal to buy Czech bus and rail car manufacturer Skoda Transportation, a source with knowledge of the talks said on Friday. The deal is not yet finalised, the source said, confirming Czech media reports. The source said that Kretinsky, […]
The Czech central bank delivered its second interest-rate hike of 2018, but its message that it won’t be in a hurry to further raise borrowing costs in one of Europe’s best-performing economies drove the koruna to a two-week low. The bank increased the benchmark rate to 0.5 percent from 0.25 percent on Thursday, the second […]