The biggest investment in the history of the Czech state has finally been agreed: after several months of negotiation, the South Korean carmaker Hyundai announced on Monday that it is going to invest up to 1.2 billion US dollars in a giant plant in north Moravia, providing thousands of much-need jobs.
When you think of sport in the Czech Republic, the first that come to mind are the winter variety, with ice hockey most popular among Czechs during the cold season. But once the snow has melted, we find other sports coming to the forefront. One of these is motor sport, something that is rapidly gaining popularity here. As the biking season gets underway, Thursday saw the opening of the 10th Motocykl international motorcycle and accessories exhibition, and I went along to find out how this sport is really moving up a gear in the Czech Republic.
Figures released by the Czech Statistics Office show that in January the Czech Republic posted a foreign trade surplus of 11.2 billion crowns (467 million dollars). According to the Statistics Office the result was driven by exports of cars and machinery. The CTK news agency says analysts had predicted a marked surplus of exports over imports.
This Tuesday the President of the World Bank Paul Wolfowitz is in Prague to mark an important shift in how the Czech Republic is viewed. Until now, the country was officially labelled a developing country; since the fall of communism in 1989 it has been a beneficiary of World Bank funds that have had a profound impact on the country's transformation to a market economy and becoming a full-fledged democracy. Now, on February 28th, the Czech Republic officially graduates to 'developed'. That has been a long-time coming, agreed formally a year ago,
CNB decides not to cut interest rates. Czech Telecom to offer internet television service. Czech Telecom to offer internet television service. RWE and E.ON to boost competition with series of asset swaps in Central. Environment Ministry controls volume of phosphates in washing powder with. Skoda Praha to build plant in Vietnam new decree Europe. Bang & Olufsen launches production at new plant in northern Moravia
Many Czech women have, at least once in their life, come across cosmetics with herbal extracts produced by the Czech company Ryor. But how many have realized that the brains behind the successful brand is a woman? None other than Eva Stepankova. Now in her early sixties, she started Ryor by herself, in the basement of her house, sixteen years ago. Over the years it has become a household name.
As fashion designers and enthusiasts from all over Europe gathered in the Prague Exhibition Centre in Holesovice, the 5th International Moda Praha Fashion Festival was declared open on Wednesday morning, an event dedicated to the European design world and to the new Czech trends of the upcoming year. But to what extent does the future of the Czech clothing industry retain past preconceptions of male and female attitudes towards fashion?
In Business News: new legislation should make bankruptcy proceedings run more smoothly, while a labour code approved this week has been dividing opinion; the OECD gives the Czech Republic advice on how to improve its economy; it seems the Czech Republic may renege on a pledge to increase the share of its power generated from renewable resources; digital broadcasting can now be received by a third of Czech households; and beer exports were up 17 percent last year.
In the business news this week: Czech foreign trade shows its first ever surplus, the Finance Ministry raises its GDP growth forecast as the crown hits a new high against the euro, the government promises almost 4 billion dollars in incentives and Plzensky Prazdroj records a significant increase in foreign sales.
Over 1,000 skeletons discovered during renovation of Kutná Hora “bone church”
Language exams for foreigners seeking permanent residency permit to become tougher
Why are Russian and Chinese spying activities in Czech Republic so intense and how exactly do they do it?
Prague’s historical Koh-i-noor factory to be converted into residential area
The history of the “German Czechs”