The sharp rise in apartment prices in major Czech cities in recent years combined with stricter mortgage conditions have led more people to rent, with a study by consultants KPMG quoted by Hospodářské noviny finding that the number of rental properties on the market has fallen by a third in only two years.
The private Czech train and bus operator Leo Express is set to deploy new trains, manufactured by the Chinese company CRRC, the Czech News Agency reported on Wednesday. The new Sirius train units should start operating next year. The total value of the investment, which includes the delivery of three units and an option for 30 more, exceeds five billion crowns.
Czech businesses are still struggling to find workers, the news site Ihned.cz reports. In August, labour offices in the Czech Republic posted more than 350,000 vacancies, which is the highest figure in the country’s history, the website wrote. The biggest demand is for construction workers, warehousemen, or truck drivers.
Following in the footsteps of Limebike electric scooters, Homeport Freebikes, and shared Rekola bikes, the Škoda Auto car manufacturer is launching its own service of shared electric scooters in Prague. The company is placing 50 electric scooters imported from Spain in the broad city centre and would like to see their number triple in the near future.
Czechs living in rented homes spend more than homeowners, according to a study by the Partners consulting agency, presented on Wednesday. On average, Czechs renting a home pay 1800 crowns a month more than those who own their home. At the same time, flats are rented mostly by people with lower income.
Plant-based “meat” is gaining popularity the world over and it is not just vegetarians who are jumping on the bandwagon. Chicken strips, patties, burgers or sausages made from plant substitutes are now widely available in the Czech Republic and despite the high price many are willing to give them a try.
The number of investments concluded by CzechInvest dropped significantly last year. The government agency for attracting investments helped to secure over 80 investment projects worth 36.7 billion crowns, company representatives announced on Monday. That is a drop by two fifths on the previous year, when investments, both foreign and local, amounted to 63 billion crowns.