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Saudis Could Face An Open Revolt At Next OPEC Meeting

‘Stresses within OPEC should add to the pressure on the Saudis to rethink their strategy’
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Analysts: Czech GDP has small exposure to China

Engineering and component companies most likely to feel slowdown first
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Škoda deliveries in July at a stable high

Growth seen in Central Europe, but there were drops in Russia and China
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Czech spending more in foreign e-shops

Sites in UK most popular, value of average transaction is down
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Fitch: GDP shows eurozone recovery

But medium-term outlook is still weak due to public debt
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Minimum wage rising

Czech minimum wage to go up by 700 to 9,900 Kč in 2016
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NWR turns a profit

Coal mining company back in black, but sales are down sharply
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HSCB: Inflation headed to near zero

Energy deflation has intensified and food inflation has come to an end
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Kofola’s income and EBITDA up

Beverage maker is expanding its holdings, opened its first restaurant
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OECD: ČR has lowest share of extremely poor

Experts say report may be deceptive as it looks at income inequality and not quality of life
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Saudi Oil Strategy: Brilliant Or Suicide?

‘The Saudis obviously miscalculated the degree to which their shift would negatively impact oil prices’
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Big change in media ownership

Penta acquires 100 percent of VLP publisher from German group
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ČEZ net profit drops

Results still better than analysts predictions
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Global Oil Supply More Fragile Than You Think

Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices.
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Inflation lower than ČNB forecast

Fluctuation food prices drive down, rising wages push in opposite direction
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ČNB improves GDP growth estimate

Monetary easing policy will continue, bank board decides
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Škoda: reaches milestone in China

Asian country has been the biggest single market since 2010
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Google still most sought employer in ČR

Search engine giant takes few new people every year, though
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Saudis Expand Price War Downstream

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector.
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Škoda has record first half

Sales exceeded €6 billion for the first time; 544,300 vehicles delivered
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Warren Buffett And Elon Musk To Spark A Lithium Boom

The age of electrification across the transportation sector, the solar panel revolution, and Tesla's battery gigafactory are igniting a battle for the cheapest battery.
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Czechs’ optimism about economic development reaches new high

New poll results show brightest outlook in nearly a decade
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Chinese tourists’ spending in ČR up 119 percent

Visitors from mainland China are proving to be big spenders
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Assay office: Gold rebounds after slump

Czech golden jewel market grows for first time since 2007
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Zeman supports 2016 draft state budget

Finance minister met with Czech president at Lány
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Report: Labor market improving

Long-term unemployment remains a priority for Juncker Commission
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Georgia on environment minister’s mind

Former Soviet republic is facing same problems Czechoslovakia had
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ECB report paints rosy picture

Some analysts are a bit less optimistic in the long run
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More Job Losses Coming To U.S. Shale

‘Companies have slashed thousands of jobs in order to reduce costs and cut their operational spending’
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Local economy could grow 3.7 percent in 2015

Česká spořitelna analysts have positive assessment of economic development in next few years
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