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Current AffairsStruggling Czech Airlines to dismiss one-third of pilots

The struggling state-owned carrier Czech Airlines announced on Monday it will a dismiss a third of its pilots as part of restructuring plans, with some receiving their pink slips as early as this week. According to the firm, up to 100 pilots will be let go, although, the company suggests the cloud may have a silver lining: the possibility of further employment with subsidiary company Holidays Czech Airlines. The catch is that working for the subsidiary will be nowhere near as lucrative, offering significantly lower salaries. More

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Business NewsBusiness News

The Czech Parliament is voting on a change in value added tax on Friday, the Czech central bank has launched an investigation into energy supplier ČEZ in connection with a leak of its earnings report, the carrier CŠA will start operating regular direct flights to Tel Aviv, as part of an EU directive 60-watt light bulbs were taken off the market in the Czech Republic on Thursday, and the Michelin-starred Four Seasons Hotel in Prague will have a new chef starting October. More