From the category archives:

Hotels in Prague

Study: Czech Romanies’ situation not improve after revolution

November 18, 2009

The situation of Czech Romanies has not much improved even 20 years since the Velvet Revolution, according to a study the Romany Dzeno organisation has released.

The study points to the support of Romany culture and language as positive phenomena but says that housing and working conditions of Romanies have worsened and in addition, extremism [...]

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Prague opens Moods Boutique Hotel

October 14, 2009

Althought the recession, that causes that beds in hotels all over Prague lie empty, Nah-Dja Tien has decided to do the unthinkable - he’s opening another hotel named Moods Boutique Hotel. It is scheduled to open this December in Prague 1.
With funding from Greek investors, Tien helped establish The Icon hotel, which he opened right [...]

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Pension reform bill started in Parliament

March 12, 2008

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 [...]

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Day of Tibet

March 11, 2008

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 [...]

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Czechs to recognise Kosovo sooner or later

March 10, 2008

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 [...]

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Companies still conservative when raising new finance

March 10, 2008

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 [...]

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Czech crown firms to record Kc25.09/EUR

February 15, 2008

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.

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Prague bourse goes up again

February 14, 2008

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 [...]

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Czech economic growth slows to 6.1 pct in 2007

February 13, 2008

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, [...]

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Record 2.46m films on DVD sold in CzechRep in 2007

February 12, 2008

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 [...]

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