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Unemployment rate in Czechia at 3.4% in May 2021

The general unemployment rate of the aged 15–64 years in Czechia reached 3.4% in May 2021 and increased by 0.8%, year-on-year. The male unemployment rate, seasonally adjusted, attained...

Bonami has a new sales target for 2021, EUR 96 million

Bonami had set a target of EUR 77 million...

Czech PropTech in 2020: acquisitions, investments and skyscrapers in NYC

Despite the difficulties caused by COVID-19, 2020 was a...

Skoda wants to cut 2% of administrative jobs in Czechia this year

Skoda wants to cut 2% of administrative jobs in...

EBRD becomes shareholder in Czech online food retailer Velka Pecka

The European Bank for Reconstruction and Development (EBRD) is...

Bonami, increase in sales of 19 million euros compared to 2019

Bonami recorded, despite the pandemic, an increase in sales of 19 million euros compared...

Skoda to recall more than 14,000 of its Kodiaq and Karoq SUVs for service

Skoda will recall some of its Kodiaq and Karoq SUVs for service due to...

Mixit, the ‎custom muesli manufacturer,‎ expanded to Romania

Mixit, the Czech company that produces personalized breakfast muesli and lyophilised fruit, expanded to...

A Czech city is relying on its own currency to boost the local economy

The city of Kyjov in the southeast part of Czechia will launch its own currency, called ”corrent”, in a...

80% sales growth for Bonami on Black Friday

Bonami has seen an increase of 80% in sales, in Romania and of 100% on the other markets where...

Average wage in Czechia increased by 1.7%, in real terms, in Q3 2020

In Q3 2020, the average gross monthly nominal wage per full-time equivalent (FTE) employee in Czechia increased by 5.1%...

Czechia: Unemployment rate at 2.9% in October 2020

Unemployment rate of the aged 15–64 years in Czechia reached 2.9% in October 2020 and increased by 0.9 p.p., year-on-year. The male...

Czechia could stop using coal for electricity production in 2038

A special unit set up by the Czech government recommended that the country to stop using coal in 2038,...

Czech Parliament approved the largest income tax cut in decades

Czechia will cut the income tax next year, a measure that according to the Prague government would help the...

Czechs living in the country’s largest cities have the highest purchasing power

Czechia has a per capita purchasing power of €9,179, which puts it almost 34...

Manufacture of Czech automobile Skoda Superb will move to Slovakia

By relocating the manufacture of the next-generation Superb from the Czech plant in Kvasiny...

P3 Logistic Parks purchased 33 retail logistics assets in Germany

P3 Logistic Parks, a long-term manager and developer of European warehouse properties has signed...

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Macquarie Infrastructure to acquire CEZ Group assets in Romania

Macquarie Infrastructure and Real Assets today announced that has reached an agreement to acquire a portfolio of Romanian power assets owned by CEZ Group. The integrated energy infrastructure portfolio is comprised of an 86.665 kilometre...

Sharry to install advanced software into 23 skyscrapers in New York

Sharry, a Czech PropTech company, will be deploying its digital platform for modern office buildings in 23 high-rise buildings in New York. SL Green Realty has selected the solution for its portfolio to contribute...

Czechia: Unemployment rate reached 2.8% in August 2020

The employment rate of the aged 15–64 years, reached 74.4% in August 2020 and...

Daniel Kretinsky achieved a 3.05% stake in J. Sainsbury

Czech billionaire Daniel Kretinsky is the fourth largest Sainsbury shareholder, expanding a portfolio of...

Mojca Mia Berger is the new CFO of Slovenian paper mill Vipap Videm Krško

RIDG Holding Group, the new Czech owner of Slovenian paper mill Vipap Videm Krško,...