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tram-minsk-belarus-wiki
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For Czech firms, it is Destination Belarus

Trade between the two countries is rising very fast, along with the number of major investment and construction opportunities Prague, Oct. 21 (ČTK) — Czech projects currently under way in Belarus are worth billions of crowns, the business daily Hospodářské noviny (HN) reported today. New plans of the Industry and Trade and Foreign Affairs ministries… Keep Reading

china-coal-wiki
Posted on in Business

Why China’s insatiable appetite for coal has likely peaked

There are more reasons than the economic downturn; China is ‘decoupling’ A recent report from Greenpeace found that China’s coal consumption declined in the first half of this year and new Chinese government data suggests that the country’s coal imports have dropped. Estimates indicate that by the end of the year, China’s coal imports could… Keep Reading

telefonica
Posted on in Business

O2’s revenues fall in Czech Republic

But in neighboring Slovakia, telecoms firm sees surge in clients for its subsidiary O2 Czech Republic, the largest Czech mobile operator, cut its H1 revenues 8.9 percent to 21.8 billion Kč, the company announced in a press release today. “In the highly competitive and declining market in the first half of 2014, the company reported… Keep Reading

Photos: Bell Helicopter makes Prague its European base
Posted on in Business

Photos: Bell Helicopter makes Prague its European base

Rotor aircraft giant hopes to significantly increase its presence in the second-largest market Bell Helicopter has set its eyes on the European market, and has decided to make Prague its headquarters in Europe. The company, a subsidiary of aviation conglomerate Textron, has acquired an existing facility at Václav Havel Airport Prague and has rebranded it… Keep Reading

tisic
Posted on in Business

Fake dough on the rise

ČNB: Counterfeit  and altered money up by 47 percent Prague, July 7 (ČTK) — The Czech National Bank (ČNB) seized 1,988 counterfeit and altered banknotes and coins of various currencies in the first half of this year, up by 47 percent year-on-year, according to data from the ČNB. Czech banknotes and coins were the most… Keep Reading

roaming
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Roaming prices drop across EU

Calling while on vacation will become significantly cheaper New roaming charges within the EU will come into effect July 1. The rules apply to the EU 28 plus Iceland, Liechtenstein and Norway. They do not apply to Switzerland. Rates have been regulated  by the European Commission since 2007, with a series of progressive changes. “Weak competition… Keep Reading

bitcoin
Posted on in Business

Bitcoin center opens in Prague

A new center has a self-service RoboCoin vending machine and face-to-face service Users of bitcoins now have an easier time obtaining and selling the virtual currency in Prague. A client center with an ATM-style device opened May 28 in Prague’s Smíchov district. The center — operated by wBTCb.cz, a subsidiary of World BTC Business SE—… Keep Reading

ikea
Posted on in Business

Poll: Over half of customers buy furniture online

Up from 38 percent two years ago; customers prefer big stores Prague, Jan 27 (ČTK) — More than one half of Czech customers bought furniture via the Internet last year spending around 16,000 Kč on average, 1,000 Kč less than the year before, according to the Furniture 2014 poll carried out by company Incoma GfK.… Keep Reading

bitcoin
Posted on in Business

Bitcoin ATM to launch in Smíchov

First European RoboCoin ATMs slated for Prague Prague will become one of the first European cities where the RoboCoin will be installed – an innovative ATM offering the purchase and sale of Bitcoins. Czech company Marlyle Ltd. recently invested 1.5 million Kč (€ 56 000) into a new type of ATM machine, by signing an… Keep Reading

aon
Posted on in Business

Aon manages risk from agriculture to space

Risk management firm sees growth in CEE region despite stagnant market No one could accuse Lex Geerdes of not taking an interest in Central and Eastern Europe after he took over responsibility for the region for the insurance company Aon Risk Solutions. When he was appointed around a year ago, the Dutch executive undertook a… Keep Reading

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