Why investing in startups could be the key to success during an economic downturn
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When potentially profitable projects arise, it is better to approach them when the market cools down, describes Petr Šíma, partner at DEPO Ventures.
Czech National Bank maintains interest rate at 7 percent
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Analysts expect the central bank to marginally reduce the rate until the end of 2023 due to lower inflation.
Czechia is experiencing a surge in skilled foreign workforce
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A relative rise in wages paired with the opening of many multinational branches and new businesses beckons foreigners.
Czech government to ask European Commission for CZK 137 billion loan
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Part of the country's National Recovery Plan, the loan and other EU grants aim to bolster Czechia's economy.
Czech salaries are growing, but still lag far behind Germany and Austria
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The Czech Republic leads the Visegrád Group in average wages, according to a new study by Mazars, but trails its neighbors to the west.
Czech retail sales fall for 12th consecutive month as spending declines
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A sharp fall in real wages, still-high inflation, and reduced disposable income have all curtailed Czechs' spending power.
Czech National Bank removes major obstacle in acquiring a mortgage
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The move follows in the footsteps of a devastating year for the Czech real estate market due to plummeting sales.
For Mercedes-Benz, luxury and sustainability go hand in hand
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The German inventor of the automobile and pioneer is focused on crafting a sustainable offer defined by a luxury driving experience.
Average Czech wage takes a hit with 6.7 percent real-term decline
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Prices again rose faster than wages, meaning that people have effectively seen a drop in their purchasing power.
US firm acquires majority stake in Czech optics company for EUR 700 million
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The US-based Carlyle Group has made previous acquisitions in Czechia as it looks to expand its portfolio.
Czechia helped pave the way for upcoming EU negotiations on AI regulation
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The position adopted under the Czech EU presidency laid the groundwork for upcoming discussions over innovation and privacy.
Calling multilingual job candidates in Czechia: Upskilling can unlock a new career
The Czech Association of Business Service Leaders supports training and education that helps bridge the growing skills gap.
Czech economy faces first-quarter decline as household consumption slows
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The Czech economy is in a technical recession due to lower household spending, although analysts say improvement is on the horizon.
Škoda Auto to avoid layoffs as Euro 7 postponement likely
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The starting date for the EU's stricter emission standards will likely be delayed, as eight countries oppose the current plan.
Czech cigarette excise tax should be higher, expert says
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Speaking ahead of World No Tobacco Day, Hana Ross criticized tobacco's widespread availability and insufficient taxation.
7 trends in IT that could transform the Czech workplace
A new report from Manpower shows how companies are realizing the enormous benefits of digital technology.
QR code payments gaining traction among tech-savvy young Czechs
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Paying by mobile phone and using a fingerprint are also popular, and interest in multi-currency accounts is growing.
