Prague

Czechs working legally in old EU countries number 43,000 according to recent study by the Research Institute for Labour and Social Affairs. The largest number of Czechs work in Germany, Great Britain and Austria.
Czechs stay in their motherland because of rising living standards and wages, because they fear difficulties they could face while searching for [...]

The lower house passed today bill on a pensions that will gradually increase the retirement age to 65 years and extend the obligatory social insurance from 25 to 35 years. But the Czech Republic does not yet follow the rules similar to ones of its western neighboors.
The government-proposed bill successfully passed only through the [...]

About a hundred people met outside the Chinese embassy in Prague yesterday afternoon on demonstration organised by the Amnesty International, carrying banners and Tibetan flags, and lighting candles in commemoration of the 49th anniversary of the Tibetan uprising against Chinese oppression.
Addressing the rally in front of the embassy, the organisers recalled that in 2001, when [...]

The Czech Republic will sooner or later recognise Kosovo’s independence, but this will not happen before Easter, Czech Deputy Prime Minister for European Affairs Alexandr Vondra told journalists. Vondra declined to give the specific date.
“I will not disclose the date. Now we have a sort of Christmas fast for major political decisions. I think you [...]

Contrary to very good economic results and market shares developments, bond and stock issues are a totally unusual way of financing in Czech business environment - a survey carried out by the Prague University of Economics (VSE) has revealed.
“Companies use as traditional methods as bank loans or use their own resources. Issuing new shares or [...]

The Czech crown gained to an all-time high of Kc25.09/EUR this morning boosted by the excellent GDP growth for 2007, and also set a record to the dollar at Kc17.12/USD, Patria Finance analyst Tomas Vlk told.
Then the crown weakened to Kc25.20/EUR and Kc17.20/USD where it stood after 9:30 a.m.

Prague bourse recorded major gains again at the close of Wednesday’s session and was erasing its previous losses, with the headline index PX up 3.01 percent at 1,569.9 points.
Analysts suggested already on Tuesday that the situation has returned to normal for the most part after hefty losses at the beginning of the year. Wednesday’s trading [...]

Czech economy grew by 6.1 percent last year after a record growth of 6.4 percent in 2006, analysts polled by Czech Press Agency said.
In Q4 alone GDP growth is projected by analysts to have slowed to 5.2-5.7 percent from 6 percent in Q3 on a slower growth of household consumption due to higher inflation. Still, [...]

Sales of films on DVD in the Czech Republic grew by 13 percent to a record 2.464 million last year, according to data of DVD Group.cz.
Sales in the Czech Republic and Slovakia grew by 14 percent to 2.95 million DVDs last year. In addition to this, nearly 60 million DVDs were distributed with newspapers, which [...]

A total of 22,507 companies were set up in the Czech Republic last year, up 27 percent against 2006 and the highest number in the last five years, according to data of the Cekia agency.
“Interest in business activities in the Czech Republic is growing in connection with economic boom,” Cekia board member Petra Dolezalova said, [...]