Black Friday, a day of discounts immediately after Thanksgiving intended to boost sales in the pre-Christmas period, has spread beyond America’s borders, with the UK in particular experiencing shopping fever at the end of last week. The sales drive has also reached the Czech Republic, though there were no scenes of customers coming to blows over TV sets; in this country Black Friday overwhelmingly concerns online retailers.
Czech consumers can look forward to lower electricity bills in 2015. The country’s Energy Regulatory Office on Wednesday announced a 1.2 percent drop in the regulated price of electricity for households which should save consumers hundreds, if not thousands, of crowns annually. Although the regulated component only accounts for 60 percent of the final electricity price, most suppliers have confirmed that the price of electricity will drop.
In the past, ads which have “won” Sexist Piggy Awards have been largely commercial in nature: scantily-clad women draped over cars or propping up chainsaws or other power tools. While this remains true even now, participants and the jury in this year’s sixth inception noted that exploitative motifs had surfaced in the field of politics. This year’s “winner” is none other than a local branch of the Social Democratic Party, while a student-produced ad for a university, featuring sex in the bathroom, came second.
The central bank is preparing to tighten its policy on mortgage loans as of next year, the daily Hospodarské Noviny reports. Although it is not yet clear what form the restrictions may take Czech banks will no longer be prepared to cover the full cost of the real estate due to the high risk of potential losses.
Czech companies have scored pretty high in a global survey on their openness to innovation and ability to push through new products and processes. But they still have some significant weak points and the government too is attempting to up its game so that it can give a better lead on where to channel state funds and what to expect from the investment.