Brent crude tumbled roughly 5.8%, falling to around $91.2 a barrel, while US West Texas Intermediate dropped about 5.6% to near $84.3 a barrel.According to CBS News, citing informed sources in the region, the US and Iran have paused mutual
Fuel prices in Czechia are shooting up fast. According to data from CCS, which tracks prices at filling stations, a litre of diesel cost an average of 39.99 crowns on Sunday, 19 July — but just a week later it was already 2.5 crowns more ex
Czech companies have only a few months left to prepare for new pay rules: the government plans to introduce an amendment to the Labour Code from 1 January next year, transposing the EU's Pay Transparency Directive into Czech law. Under EU r
The European Union's public debt reached 82.9% of GDP in the first quarter of 2026, rising both quarter-on-quarter and year-on-year, according to the European statistical agency Eurostat. Czechia's debt, by contrast, actually fell — to 44.1
Budvar CEO Petr Dvořák has warned that the Czech beer market is heading down a dangerous path reminiscent of Germany, where beer has become a cheap commodity product. He made the remarks in an interview, noting that the share of beer sold o
Trade unions at Prague Airport declared strike readiness as of Tuesday, protesting the appointment of Radomír Lašák as the company's new head. The news was reported by Czech Television.The unions object to Lašák's past leadership of the air
The Czech government has sent to the Chamber of Deputies an amendment to the pension insurance act that raises payments for working pensioners and for people of very advanced age. Labour and Social Affairs Minister Aleš Juchelka (ANO) annou
In early July, Lidl was selling milk for 6.90 crowns a litre, and this week Penny Market undercut that by another crown. Yet according to the State Agricultural Intervention Fund, dairies were paying an average of 9.80 crowns per litre of r
After several years of a steady shift toward cashless payments, Russians are once again stockpiling cash en masse. According to the BBC, which analyzed Central Bank of Russia data, the reasons include frequent mobile internet shutdowns that
On Sunday evening, huge queues formed at several ONO petrol stations across Czechia, as drivers rushed to fill up at the old, lower prices before the government's fuel price caps were lifted. At some stations, waiting times stretched to hal
With the government's price caps on fuel expiring, diesel could become roughly five crowns more expensive per litre within a week, while petrol may rise by 1.70–2 crowns, according to Finlord analyst Boris Tomčak.He says the situation on th
Energy company ČEZ has announced that the two units of the Temelín nuclear power plant will be able to generate electricity until 2080 and 2082 respectively — 20 years longer than originally planned. That would give the plant a total servic