After seven years of posting losses, the Czech Republic’s national carrier Czech Airlines is likely to end in the black this year. The company is likely to post a profit of around 250 million crowns for 2015. Václav Řehoř, the head of the state run company Český Aeroholding, which holds a 20-percent stake in the Czech Airlines, confirmed the profit expectations to the business daily Hospodářské noviny on Tuesday.
The investment group Rockaway Capital has agreed to buy the second biggest internet retailer on the Czech market, Mall.cz, and the price comparison website, Heureka.cz, for CZK 5.4 billion. The deal is being financed by the billionaires Daniel Křetínský and Patrik Tkáč and the PPF Group owned by the richest Czech, Petr Kellner, the Czech News Agency reported on Monday.
Summer may be long gone but it will be a while since this year’s – with a heatwave that lasted forever – is forgotten, not least by potato farmers. Taters wilted under the heat and pickles curled up like a dead witch’s feet. Now Agriculture Minister Marian Jurečka had some good news for potato producers: if they post losses of more than 30 percent for 2015, they will be reimbursed.
Between now and 2021 the state will make a total of CZK 27 billion available to Czechs wishing to make their homes more energy efficient. Presenting the New Green Savings scheme on Wednesday, the minister of the environment, Richard Brabec, said homeowners would be able to apply for subsidies at any time over the next six years.
Swiss bank UBS Wealth Management has released the latest figures in its working-time based index revealing how long it takes Czechs, on average, enough to by a Big Mac hamburger from the fast-food franchise McDonalds. According to the figures released, Prague employees have to work three times as long as their counterparts in Berlin.
Language exams for foreigners seeking permanent residency permit to become tougher
Gunman kills six patients in Ostrava hospital, two more fighting for their lives
Czech teenager builds second-largest ever Millennium Falcon LEGO model
Press: Era of 100-crown lunch special is over, as food prices rocket
Misha Glenny: Organised crime is an important part of Czech economy – and corruption is its twin sibling