The number of Czech limited companies owned by women has risen sharply over the past several years, according to an analysis by the consultancy firm Bisnode. While in 2012, 15 percent of such firms registered in the Czech Republic had women owners, this year there are 24 percent of them, according to Bisnode analyst Petra Štepánová. However, a majority of Czech limited companies – 71 percent of them – are owned by men.
Agriculture Minister Marian Jurečka said on Monday that should the EC fail to help farmers and food producers hit by the EU sanctions against Russia, the Czech Republic might ban the imports of goods for dumping prices. Czech farmers and food producers fear that the expected glut of food products in Europe stemming from the sanctions might result in the Czech market being flooded with goods sold for prices below production costs.
Intensive negotiations are underway to try to cushion the impact of the Ukrainian crisis on Czech exporters. The Agriculture Ministry has estimated this year’s loses at around 300 million crowns while the Confederation of Industry is talking about billion crown losses due to disappearing contracts, problematic funding and heightened competition from Asian exporters on the Russian market. One of the officials attending the government-led anti-crisis talks is Radek Špicar, vice-president of the Czech Confederation of Industry. I asked him for his
Czech textiles firms have benefited significantly from the Czech National Bank’s intervention to weaken the country’s currency the crown last November. According to a report in Thursday’s edition of the financial daily Hospodářské noviny, manufacturers in the sector saw 12-percent year-on-year growth in the first half of 2014.
The Czech Foreign Ministry is planning to improve visa services through outsourcing in over a dozen states where the process is hampered by limited consulate staff. The ministry is now selecting local firms who would pre-process applications and increase the number of visa-application points. The new service should see the opening of 25 visa centres in countries such as China, India, Turkey and South Africa.
President Miloš Zeman on Tuesday received Czech ambassadors from around the world at Prague Castle. The president highlighted the growing significance of economic diplomacy, particularly in view of the Ukrainian crisis, and said he considered it a success that Czech representatives in Brussels had helped moderate the scope of the EU’s anti-Russian sanctions in favour of Czech exporters. The president also stressed the need to diversify the country’s export strategy and seek new markets further afield. In connection with developments in Iraq, the Czech head of state said international terrorism must be fought on all fronts.
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”