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 […]
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 […]