Russia's Ministry of Finance has announced an open domestic auction of natural diamonds from the State Fund for Precious Metals and Precious Stones — better known as Gokhran — to be held in Moscow on 9 September. The lots will consist of st
The Czech government has rejected a proposal from the KDU-ČSL party to expand the list of public holidays on which shops would be banned from trading. Industry and Trade Minister Karel Havlíček said the current rules suit people well and th
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