In late July, the European Central Bank (ECB) launched a public survey inviting Europeans to vote on the design of future euro banknotes. Voters can choose from ten final designs created by leading European graphic designers.The online ques
A possible nationalization of energy giant ČEZ, which Prime Minister Andrej Babiš's current government is planning to carry out before its term ends, would deal a serious blow to the Prague Stock Exchange. That's the assessment of exchange
Czechia continues to see a string of bankruptcies among companies that sold corporate bonds to private investors through unregulated channels — door-to-door, over the phone, or via hired agents. The latest high-profile case is Preston Capit
Czech households are collectively losing more than 1.3 billion crowns a year by overpaying for electricity because they're on the wrong distribution tariff. That's according to an analysis by bezDodavatele, which looked at 1,132 household c
Czechia is currently grappling with several investment scandals at once, with bondholders and holders of other investment instruments at risk of losing not just their expected returns but their entire principal. According to reports, one ca
Hot on the heels of Danish chain Normal, another major player in the drugstore business is preparing to enter the Czech Republic — Germany's Müller. This is revealed in a report by Cushman & Wakefield on the development of the commercial re
JTEKT Czech Republic, a Pilsen-based plant that manufactures automotive components for global carmakers, plans to lay off around 300 of its roughly 620 employees. The news was confirmed by Jan Jiřík, the company's HR director for Central Eu
Russia is finally losing the European gas market for good — supplies to the EU are set to stop completely from the end of 2027 — while China, which Moscow had counted on as a replacement buyer, is willing to pay only a price close to Russia
The European Commission has approved a so-called capacity payment mechanism for Czechia — a support scheme designed to attract investors to build new sources of electricity generation in the country. According to Seznam Zprávy, the programm
Ferrari's first-ever production electric car, the Elettrica, has posted surprisingly strong sales figures despite a wave of criticism following its unveiling. According to the British newspaper Financial Times, the company had planned to se
Czech Prime Minister Andrej Babiš has said that next year's state budget deficit will come in "significantly below 400 billion crowns," compared with the 310 billion crown target the government hopes to hit this year. The statement has draw
By the end of this decade, the Czech state will end its guaranteed support for photovoltaic power plants built during the country's first solar boom in 2008–2010. Twenty years after launch, these plants will lose their fixed feed-in tariffs