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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

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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

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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, a subsidiary of World BTC Business SE—… Keep Reading

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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

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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

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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

Mautilus CEO Vykoupil
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Czechs take leading role in Arab movie streaming service

Brno company develops applications while Beroun specialists run technical center The Arab world has a long and impressive cinematic history, which, following the traditions of Hollywood and Bollywood, has become known as Jazwood. A new streaming service recently launched in the Middle East will distribute films from all three of these cinematic centers, and a… Keep Reading

Andrej Babiš
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Babiš’s purchase of Mafra raises questions of motives

Agriculture mogul and politician moves farther into media An aspiring politician, who is also the country’s second-richest man, buying the country’s second-biggest newspaper; Andrej Babiš’s purchase of Mladá fronta Dnes was bound to spark controversy. Babiš has bought the daily’s parent company Mafra from German group Rheinisch-Bergische Verlagsgesellschaft two decades after he founded Agrofert, the… Keep Reading

Marcus Backlund
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Company takes aim at piracy by enabling ‘view sharing’

Streaming service Voddler arrives in Central Europe With many big-name film and TV streaming services already established, among them Netflix and the mighty Amazon, Stockholm-based Voddler is nothing if not brave to dive into this already crowded market. The Swedish company has launched a platform based around two connected services, the first of which, LiveShelf,… Keep Reading

Solar saturation costs the country billions.
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Solar saturation costs the country billions

Retroactive tax causes rift between solar investors and the government Solar panels are known around the world for being the best method for harvesting energy from the sun, although in the Czech Republic some see them as having a new use: siphoning off public money. Renewable energy has become extremely costly to the government, which… Keep Reading

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