According to the news site ihned.cz, the Czech National Bank is about to tighten lending policies on mortgages. According to the news site, a number of Czech banks confirmed that they expect new regulations from the central bank next week, which would lower the ceiling on mortgages available depending on income.
Czech flight search company Kiwi, one of the biggest air-ticket sellers on the European market, is broadening its business model, the daily e15 reported on Friday. From now on, customers can get a package including air ticket as well as journey to and from the airport. At the end of last year, Kiwi launched a pilot service combining journeys with six large European transport companies, including Deutsche Bahn, FlixBus, National Express, RegioJet, SNCF and Trenitalia.
The Czech government has moved to address one of the frequent woes of foreign tourists in the Czech Republic –losing money in a disadvantageous exchange rate transaction. Under the approved amendment to the Foreign Exchange Act, multiple exchange rates will no longer be allowed and clients will be able to withdraw from a disadvantageous transaction within two hours of making it.
It’s almost a year to the day since the Czech Republic finally moved to ban smoking in bars, cafes, and restaurants. And while the ban is still a live issue with sporadic attempts to change the law, a survey commissioned by Charles University shows support is still strong among Czechs and suggests that there are a lot of myths about its impact.