Articles for category: Business

Czech Union of Workers in Finance and Insurance Declare Strike Alert

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 ...

Matt Atlas

Czech Startup Set to Disrupt Online Travel Industry

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 ...

Matt Atlas

Czech Unemployment Approaches 20 Year Low

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 ...

Petr Dubinsky

Czech Retail Sales Continue Upward Trend

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 ...

Matt Atlas

September Czech Exports Surpass Imports

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. ...