Czech Post is the most popular logistics service provider in the Czech Republic. The state-owned enterprise has over 3,200 services points across the country and recently announced it will increase it annual parcel network capacity from 45 to 60 million. But now there are many complaints about the delivery service. APEK, the Czech ecommerce […]
The Czech crown weakened towards a six-month low on Monday, shrugging off a surprise acceleration of price growth at home, while its regional peers traded without significant changes. The crown was 0.1% down against the euro at 25.850, falling for a fourth straight session and nearing the level of 25.875 which would be its […]
The ČSOB group’s net profit in the first half rose by 45 percent to CZK 10.9 billion. The increase in profit was due to the purchase of the remaining 45% stake in ČMSS and the revaluation of the existing stake. The volume of assets under management of the group grew by a tenth to CZK 228.2 […]
Coworking and flexible serviced offices are the significant trends driving the office property market forward. Millennials are currently among the most economically active groups. This generation increasingly prefers the individual approach, high quality services and networking opportunities that coworking centers offer. Such centers are popping up everywhere in the Czech Republic. According to statistics generated […]
EU antitrust regulators on Wednesday charged Deutsche Telekom’s mobile Czech unit, rival O2 CZ and Czech telecoms infrastructure provider Cetin with restricting competition via their network sharing deal. The move by the European Commission could make it more difficult for telecoms operators to do similar deals to share networks, seen as key to saving […]
The number of construction projects launched in the Czech Republic in the first half of 2019 was the highest for the period since 2008. Work began on almost 6,000 new apartments between the start of January and the end of June this year, according to official figures released on Tuesday. Work began on 2.3 percent […]
The Czech National Bank held interest rates on Thursday and signaled they would stay unchanged in coming quarters, as robust momentum in the domestic economy offsets the impact of monetary easing abroad. The bank has paused a two-year tightening cycle and, as it edged up its forecasts for economic growth, Governor Jiri Rusnok said […]
CEZ, central Europe’s biggest utility company, will move into the Latvian and Lithuanian power and gas markets in the next few months and expand its trading activities in the Balkans, CEZ’s Director of Trading Ludek Horn said on Tuesday. Majority state-owned CEZ has also started to trade more in Belgium, France and Italy and […]
July’s confidence remains broadly unchanged compared to the previous month. The decline in confidence among entrepreneurs was offset by higher consumer confidence, but business confidence is the weakest in about the last six years. Confidence among entrepreneurs declined further in July, reaching the lowest level since August 2014. The decline in July was mainly […]