Higher alcohol taxes, a change to VAT, and ending 22 tax exemptions: Czechia presents huge finance reform
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Czech Prime Minister Petr Fiala says that Czechia has little choice but to impose the austerity measures to curb skyrocketing public debt.
Czechia reports a big drop in inflation: What does it mean for consumer prices?
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Many food prices dropped compared to April, and analysts expect inflation will continue to slow down for the rest of the year.
Japanese quality is hard to beat for driving elegance in Czechia
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Lexus has introduced a new generation of its flagship SUV that’s perfectly suited for life in the heart of Europe.
Czechia continues to record lowest unemployment in EU, April data show
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The highest demand for new employees was in the Czech capital.
Foreign trade surges in Czechia, posting CZK 16 billion balance
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Rising car exports and falling operational costs resulted in the strongest trade balance in over two years.
Turning wastewater into energy: New project set to heat up one-third of Prague
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Located in Prague 6, the planned Energocenter will cost an estimated CZK 7.5 billion.
The Economist: Czechia ranks second worldwide in crony capitalism
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The study reveals that many wealthy individuals in Czechia gain advantages through relationships with the state.
Česká spořitelna completes takeover of Russia-owned Sberbank Czech clients
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The Czech bank has now acquired Sberbank's Czech-based customers, who have not been able to make payments for over 12 months.
Czech pension system sees record deficit, reform talks are underway
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The Czech pension system is highly dependent on economic cycles, making it unsustainable in the long run.
Recovery or recession? New data on Czechia's economic future released
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The economy grew slightly compared to the previous quarter but shrank year on year for the first time since 2021.
Czech mortgage market reviving, a fifth of the population plans to buy a new home
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People are now paying close attention to monthly mortgage payments, which can eat up to 40 percent of their budget.
Czech gas the most expensive in the EU? Not quite, says prime minister
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In the second half of 2022, gas prices in Czechia rose the most out of all EU countries – but officials are disputing the results.
Czech carmaker reveals timeline for its electric models
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The largest Czech carmaker has ambitious plans for expanding into the electric car segment.
Czechs less generous with tips than Germans or Americans
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Data from the payment app Qerko also shows that its users in Czechia are more generous than those in Slovakia.
Join the fight against hunger by donating food at Czech stores this weekend
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Food banks are running low as the number of people depending on them increases; some 1,500 stores will participate in the spring food drive.
Czechia won't ban the import of grain and meat from Ukraine
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Some Czech farmers are worried that the influx of cheaply imported Ukrainian grain will harm them economically.
A university in Czechia helps students achieve their business dreams
The School of Business Administration of the Silesian University is a hidden gem of a Czech university town amid a rapidly transforming former mining area.
