The announced sale of Prague’s Hilton Hotel last year appeared to stir a lot of interest from would be investors. But their appetite looks like it will have to be put on hold amid a legal battle between the former Irish owner and the consultancy charged with offloading some of the choice property assets.
Fewer bank clients are opting for incentivised savings for home construction, renovation and refurbishment, Czech Radio reported on Friday, attributing the drop in interest to a lower state subsidy than in the past. According to the public broadcaster, 267 thousand clients signed contracts in the first half of 2015 – almost a third fewer than the same period last year. At the same time, an in interest in construction mortgages has reportedly gone up.
According to a report presented to the cabinet by the minister for human rights and equal opportunities, Jiří Dienstbier, Czech public administration is failing in its duty to employ a set number of people with disabilities or support their employment indirectly by purchasing goods or services from firms that employ them. According to the report not a single Czech ministry fulfilled the set 4 percent quota, paying almost 16 million crowns in fines for the failure.
According to the internet news site Novinky.cz there are currently over half a million foreign nationals living in the Czech Republic. Approximately 224,000 of them are manual labourers, 80,000 are self-employed entrepreneurs. Analysts warn that while the country could do with more qualified foreign specialists, the labour market for manual workers is practically saturated.