Economic News
Czech Railways Fares Will Be Raised
Since the middle of December this year all railway fares in the Czech Republic will be on average raised by 7.5 percent. The main reasons for this increase are high rate of inflation, rapidly growing fuel and electricity prices and a higher rate of VAT im
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Sklo Bohemia Glass Factory To Be Closed
According to CTK, well known Czech Sklo Bohemia glass factory, a unit of heavily indebted Bohemia Crystalex Trading (BCT) group, located in Svetla nad Sazavou, Eastern Bohemia, will terminate production due to various difficulties. The majority of employe
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The Czech Republic Still Do Not Intend To Adopt Euro
Last week the president of the European Commission Jose Barosso encouraged the Czech government to define an approximate date when the Czech Republic is going to join the euro zone. But the Czech government is still uncertain on this matter so the country
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Each Tenth Job In Prague Airport Be Cancelled
As we stated some days ago the Prague RuzynÄ› International Airport (PRG) is heading for its privatization scheduled for the second half of 2009. Today the Czech News Agency (ÄŒTK) referring to spokeswoman Eva Krejci words informed that Sprava Letiste Praha
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RuzynÄ› Airport To Be Sold Next Year
The Czech News Agency (ÄŒTK) informed yesterday that the Prague RuzynÄ› International Airport (PRG) management intends to invest more than Kc 2.3 billion into development of its infrastructure and extension of its capacity. Spokeswoman Eva Krejci reported t
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