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
In June, Czechs shared more than 21 gigawatt-hours of electricity through the so-called electricity sharing scheme — 2.5 times more than a year earlier, and roughly equivalent to the monthly consumption of 84,000 households, or a city the s
Czech Prime Minister Andrej Babiš has said that the recent rise in unemployment benefits looks illogical and makes it less worthwhile for people to look for work. He made the comment while answering a question about a possible reduction in
A group of prominent Czech economists — including former Czech National Bank governors Jiří Rusnok and Zdeněk Tůma, National Budget Council chairman Mojmír Hampl, and former members of the government's National Economic Council Helena Horsk
The Czech state budget deficit for next year should be noticeably below 400 billion crowns, Prime Minister Andrej Babiš said ahead of talks with ministers on the budget's parameters.According to the prime minister, the government has alread
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