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Some older Škoda cars may have rigged VW engines

Škoda Auto no longer using diesel engines enabling pollution cheating Prague, Sept 22 (ČTK) — Carmaker Škoda Auto is no longer using in Europe Volkswagen’s TDI engines that circumvented emission measuement , but it was using them in its older car models, the company’s spokesman Jozef Baláž told the Czech news Agency today. The Volkswagen… Keep Reading

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Sobotka, Zeman want more debate on euro

Prime minister says the earliest possible date for joining the single currency is around 2020 Prague, April 8 (ČTK)— Czech Prime Minister Bohuslav Sobotka (Social Democrats, ČSSD) and President Miloš Zeman agreed at their meeting at Prague Castle today that more debate on adopting the euro is needed, Sobotka said after the meeting Sobotka and… Keep Reading

avast building
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Avast becomes most valuable IT company in the CR

Company attributes global user growth and financial performance to its investment in the Czech Republic PRAGUE, March 11, 2015 — Avast Software, maker of PC and mobile security, recorded yet another excellent year in 2014. Financially, Avast finished the year with revenue of $217 million, representing 51 percent year-on-year growth, and EBITDA of $154 million.… Keep Reading

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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

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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

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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

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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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