The Czech Republic can expect to get its small share of the benefits from the European Central Bank (ECB) move last week to pump a significant amount of money into the economy to boost growth and fuel inflation. The move will also help ease pressure on the crown against the euro, though not against the dollar.
While Czechs are increasingly enjoying the advantages of shopping over the internet, online shopping for groceries has been slower to take off. Last year Czechs spent 152 billion crowns on food products of which only 3 billion was purchased over the internet. However there are now signs that the business is revving up and more firms are poised to enter the market.
The Czech Ministry of Industry and Trade, after consultation with the Finance Ministry, has recommended that state-controlled power company ČEZ take the lead in building new nuclear plants in the country. The ministry outlined three options for future nuclear development in its proposed action plan which was finalized on January 16.
Ski resorts in the Orlické hory mountain range have small reason to cheer. In addition to the lack of snow they are now facing fresh competition from the Polish side of the border where entrepreneurs are investing millions of zloty into state of the art facilities intended to attract an international clientele.