Czech foreign trade: surplus of 9 billion crowns in March. Government approves Hyundai investment agreement. Skodaexport almost certain to land biggest foreign contract in the country's history. Poll: Number of Czechs in favour of euro on the decline. Czech crown reaches new record against euro. Ever more singles applying for mortgage.
Two international trade fairs opened at the Exhibition Centre in Moravia's capital, Brno, on Tuesday. The Urbis Invest - a fair of investments, finance, real estate, and technologies for towns and communities as well as the Building trade fair will run until April 29. Some 1,350 exhibitors from 24 countries are hoping to attract around 100,000 visitors.
Czech President Vaclav Klaus today signed a bill to facilitate bankruptcy proceedings, strengthen creditors and provide aid to companies in financial trouble. It should prevent commercial bankruptcies from leading to automatic liquidation, which could save jobs. The law has also introduced personal bankruptcies for individuals and allows insolvent people to clear debts without the necessity of property seizure. The authors of the bill say it is intended to alter how the country's previously inadequate bankruptcy laws are viewed in Europe.
This week in business, the rankings of the Top 100 firms in the Czech Republic see little change, while motorists can expect big changes thanks to new legislation on lorries. Construction has slowed in the Czech Republic, but is this a systemic problem and is Google planning to open an office in Prague.
The Czech Republic's foreign trade surplus shrank to 7.05 billion koruna (248 million euros) in February from 11.24 billion koruna in January, the National Statistics Authority announced Tuesday, citing higher prices paid for imported natural gas and oil. Exports in the machinery and auto sectors were the main factors fuelling the surplus, the CSU said.
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.
Archaeologists unearth seven graves dating back to Great Moravian Empire
Czech biochemist involved in developing potential coronavirus treatment
“Einstein in Bohemia” – Part II: how alienation in ‘half-barbaric’ Prague led him to a new theory of gravity, eventual love of a free Czechoslovakia
“Einstein in Bohemia” – part 1: how a Prague sojourn sparked his theory of general relativity, journey of self-discovery
Valentine’s Day 1945 - When the Americans bombed Prague