Trend sees long-shuttered facilities transformed into microbreweries, brewpubs Big breweries may have an economy-of-scale, but a growing number of microbrewers seems to say there is still hope for the little guy. In a trend echoed in the United Kingdom, skilled brewers and entrepreneurs are returning to their hometowns to reopen breweries, many of which had… Keep Reading
EU shuts down emissions trading as 30 million euros worth go missing The European Union has been forced to shut down its carbon credit markets after hackers stole up to 30 million euros ($40.8 million/728.4 million Kč) worth of the emissions allowances from the registries of five European countries, including the Czech Republic. The Czech… Keep Reading
Spokesman says the Internet behemoth is unlikely to incur fines The European Commission (EC) is taking a closer look at Google in response to complaints filed by companies that allege the Internet search engine disadvantaged their sites through its placement of both paid advertising services and search results. Foundem, a UK search site; Microsoft-owned Ciao,… Keep Reading
Wheat planted in late fall will bolster reserve levels, analysts predict Spring harvests of winter wheat will help close a supply gap caused by 2010’s shortfall, according to forecasts, but analysts say other farming trends will maintain upward pressure on prices. Winter wheat is a variety of grain planted between September and December. The wheat… Keep Reading
Former action star makes surprising turn in Czech campaign Chuck Norris doesn’t need to canvass; he just has to stand there to become the hottest advertising campaign in the Czech Republic. The 70-year-old former action movie star has become an Internet and television sensation in a series of advertisements for T-Mobile’s Czech Republic Christmas campaign,… Keep Reading
Annual poll puts capital at top of Central Europe, but still trailing Western Europe Since becoming a market economy two decades ago, the Czech Republic has progressed rapidly to become the gateway for Western businesses in Central Europe; so much so, experts say, that it has become saturated, and foreign investments may be on the… Keep Reading
President Klaus on hand to cut ribbon, criticize regulation President Václav Klaus officially cut the ribbon on the Philip Morris expansion in Kutná Hora, citing the importance of the company to the country’s economy and criticizing European Union moves to further regulate the industry. Klaus, a nonsmoker according to the Czech News Agency (ČTK), attended… Keep Reading
Czech inquiry falls in line with international suits, as Internet giant calls incidents “accident” Internet giant Google has apologized for the interception of personal data from Wi-Fi networks while gathering information for its Street View service. The expressed regret comes a month after the Czech Office for Personal Data Protection launched a probe into the… Keep Reading
Gov’t kicks off initiative to improve financial literacy among general population “Oligopsony” and “Fisher separation theorem” are meaningless terms to the average citizen, but the government nevertheless wants to see the general population get a stronger grasp of the fundamentals of economy and personal finance. The National Strategy for Financial Education went into effect May… Keep Reading
Massive profits, overload of energy grid mean will limit government incentives Grid stability weakens as ČEPS accepts an increasing number of solar panels onto the grid. Gray skies over Prague belie a massive solar energy boom in the Czech Republic that threatens to increase electricity prices and destabilize the grid. Facing pressure from electricity companies… Keep Reading
