Charging stations for electric cars around the Czech Republic are reporting a sharp increase in electricity intake, Czech Radio reported on Friday. The Czech state-owned energy producer ČEZ, which currently controls around half of the charging stations, says consumption of electricity in the first six months of 2019 has nearly doubled year-on-year, reaching 828 869 kWh. Other companies are reporting similar growth.
Despite being in his early 30s, Martin Mucha is already a successful Czech businessman in New York. Many locals may know Igluu, the real estate website he co-founded which claims to be the largest source of verified home listings in the Big Apple. Apart from looking into ways of expanding and innovating the company, Mr. Mucha also plays an active role among America’s Czech community. I recently had the chance to catch up with him and began by asking when he first decided to be an entrepreneur.
The parties of the coalition government are at odds over the draft budget for 2020. The Social Democrats, the junior partner in the ruling coalition, have demanded an additional 20 billion crowns for their ministries. Prime Minister Andrej Babiš on Wednesday ridiculed the demand, saying the Social Democrats have spending in their genes.
The market with prefabricated wooden houses in the Czech Republic is experiencing a major boom, the website ihned.cz reports. While ten years ago, there were around one thousand prefabricated wooden houses built in the country, last year it was nearly three thousand. “Over the past year, the demand has grown by one fifth,” Martin Fojtíko of the company Bidli, which specializes in low-energy wooden buildings, told the website.
The price of flats in Prague has gotten cheaper by 0.3 percent according to data for the past three months, the first drop since 2011, according to the Czech Statistics Agency. However, experts say they do not expect any sharp decrease or increase. Meanwhile, prices for flats outside Prague continue to grow, Czech Radio’s news site iRozhlas reports.
The ČEZ power utility, which is 70% owned by the state, will explore the
possibilities of lithium mining at Cínovec in the Ore Mountains.
The company will give European Metals Holdings (EMH), which has a prospecting license to mine lithium in the area, a loan of two million euros (51.2 million CZK) and by the end of the year, decide whether to enter the company or have the loan returned.
The Czech Republic has the biggest lithium reserves in Europe and many politicians have pushed for lithium mining in the country to be in the hands of a state-run company.
Severe rain and hail storms in the past two weeks are reported to have
caused damages to the tune of one billion crowns, according to data from
Czech insurance companies. The most damages are reported from the Olomouc
region but people all around the country have been filing insurance claims
over damaged roofs, cars and gardens.
Insurance companies say they have managed to settle around a third of the claims so far. Farmers also report severe damage to the fruit harvest.
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