The Czech Republic’s foreign trade surplus in October slumped by five billion crowns year-on-year to 9.7 billion crowns, according to preliminary data released by the Czech Statists Office on Thursday.Compared to the previous month, exports in October increased by 0.7 percent and imports by 2.2 percent.
A growing number of Czech companies are aware of the need to have a profile
on the Internet and be active on social networks, the ctk news agency
reports. The results of a poll indicate that thirty four percent of Czech
firms now have a profile on the web, up from 15 percent just three years
Eighty-three percent of firms with ten or more employees present their activities on the Internet which is double the number compared to the year 2,000. Even so Czech companies are still lagging behind other EU member states in this respect. Among the most active are travel agencies, companies engaged in the tourist industry, real estate and media companies.
Czech internet retailers could achieve turnover of CZK 100 billion for the
first time this year, Czech Television reported. While in 2012 Czech
consumers spent around CZK 51 billion on online purchases, in 2016 the
figure was CZK 98 billion and estimates suggest this year it could climb to
CZK 115 billion.
E-retailers on the Czech market are anticipating a one-day bump in revenues of tens of percent next week on Black Friday – when many goods are discounted – and have been hiring extra staff to cover that day and the pre-festive season period.
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