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 ...
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 ...
William Malcolm
Evgeny Strzhalkovsky
