Energy group ČEZ has filed lawsuits against the freezing of companies linked to the Diag Human case. ČEZ announced the freeze itself on Monday: it was approved by Luxembourg's judiciary at the request of Diag Human, the firm of entrepreneur
Streaming service Netflix is cutting 1,000 jobs, with layoffs affecting its engineering and legal departments, among others. It is one of the largest reductions in the company's history, and management told employees about it in an internal
Czechia's public debt rose by 204.6 billion crowns over the first three quarters of the year, reaching a record 3.882 trillion crowns. The Ministry of Finance reported the figure in its quarterly debt management report. In theory, every res
Since the start of the year, Czech public debt has risen by CZK 205 billion in nine months. According to the Ministry of Finance, the main reason is the sale of government bonds to cover debt payments and the ongoing financing of the budget
Investors are dumping bonds that finance data centers for artificial intelligence en masse. According to a British business newspaper, securities tied to projects whose tenants are expected to be Meta, Nvidia, Oracle and Microsoft are under
The Czech Ministry of Labour and Social Affairs has launched an online tool to help people work out how much to ask for at a job interview: the Fair Pay Calculator on Rovnaodmena.cz shows average salaries by profession and region. According
Hartmann-Rico, part of the German Hartmann group, will close its plant in the Náchod region, in Chvalkovice, in a year. The company announced the move on Thursday.Roughly half of the plant’s workers are foreigners. The company explained the
Nova TV commentator and racing driver Josef Král has temporarily suspended his work on television. The reason is a review of his debt relief procedure: the trustee and the court are examining how the 36-year-old athlete is paying off obliga
Industry and Trade Minister Karel Havlíček (ANO) led a business mission of Czech companies to India this week, with the delegation visiting Delhi, Bangalore and Mumbai. The talks covered cooperation in technologically demanding sectors, fro
Money in a current account loses the most over ten years: according to a model calculation, 100,000 crowns left earning no interest would be worth only 63,700 crowns in today’s purchasing power. Stocks preserved and grew savings best. These
Diesel prices in Czechia will keep rising. “Next week both petrol and diesel will go up by several tens of haléř. For diesel, I also expect the price cap to rise, and it could approach 49 crowns per litre,” said Petr Lajsek, an analyst at P
The International Monetary Fund has downgraded its outlook for the Czech economy. It estimates that Czech GDP will grow by 1.8% this year, while the Ministry of Finance expected 1.9% in August. The IMF forecasts that inflation will accelera