Recent Business News in the Czech Republic

Wholesale prices have enabled some electricity suppliers to adjust price lists downwards several times. According to analysts, the trend may continue in the future. Already today, customers can secure unofficial, more favorable tariffs from many suppliers, all they have to do is ask for them in the same way as, for example, from mobile operators.

The Polish online marketplace Allegro, which bought the e-shops Mall.cz, CZC.cz and the logistics company WE|DO the year before, is fully entering the Czech market. Launched a website for the Czech Republic. It attracts domestic customers with low prices and a wide range of products. However, according to the expert, Allegro will have a difficult position, as the market for online stores in the Czech Republic has already been occupied by large e-shops such as Alza or Notino.

Over the course of ten years, the purchasing power of the people of Prague on the real estate market in the metropolis has halved. However, to the surprise of excited investors, apartment prices are not falling. It is also because the Czechs manage to pay off their mortgages and do not intend to get rid of the apartments they bought.

The government of Prime Minister Petr Fiala (ODS) presented a consolidation package, which should bring savings of 94 billion crowns to the state budget this year and 148 billion crowns after two years. The recovery package contains 58 measures aimed at reducing the deficit of public finances. There will be the abolition of non-investment subsidies, an increase in corporate income tax, an increase in real estate, tobacco and alcohol tax or, conversely, a reduction in VAT on food and housing.

Lost numbers: Mafia, distress and angry officials on excavators. Buyers of seaside apartments are falling into traps

The Czech army’s largest ever contract for more than two hundred Swedish CV90 infantry fighting vehicles for 51.7 billion crowns threatens to be a disaster. According to the available information, most Czech companies will cut only a small part of the forty percent share of the value of the entire project, which the Ministry of Defense requires for the domestic industry. That is, from approximately 20 billion crowns.

The former industrial character of Smíchov is the same today. What’s more, this part of Prague 5 will turn into a completely new city in a few years. Not only houses are being added here, but entire blocks. Residents and people working in Smíchov City will fill the premises of the former freight station with a completely new kind of life. People who anchor a little further away will only know the references to the distillery.