The Czech government remains opposed to EU efforts to impose gender quotas for the boards of state-owned and listed companies across the EU. A vote in the cabinet on Monday went against proposed draft legislation which would ensure that by 2020 four out of every ten non-executive directorships of listed companies are filled by women.
The biggest player in Czech cyberspace, the local search engine and website Seznam.cz, increased its revenues to three billion crowns this year, compared to 2.9 billion in the previous year. The most popular Czech search engine expects to post a final profit of 930 million crowns for the whole of 2014, Seznam’s general manager Pavel Zima told the Czech News Agency on Thursday.
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.