Czech companies are slowly starting to feel the effects of the coronavirus epidemic that is a major threat to China and its economy, the news site Novinky.cz reports. Some companies have goods locked in Chinese warehouses and scheduled deliveries of components for computers, mobile phones and various other electronic devices are late or have stopped altogether due to production restrictions or closed factories in China.
A Czech start-up called Promethyst AI is developing a programme that would help people train their memory and improve their cognitive skills. The application, provisionally called Jarmila, is currently being tested on a group of patients suffering from various cognitive impairments. I spoke to Ondřej Hrách, one of the members of the development team, to find out more details about the ambitious project:
The number of bankruptcies of companies and entrepreneurs increased in 2019
after a six-year decline, according to the Czech Credit Bureau (CRIF).
The number of businesses declaring bankruptcy rose by 22 over the previous year to 680. The respective rise for entrepreneurs was starker, increasing by 2,440 to 7,940, the data show.
CRIF analyst Věra Kameníčková said that the number of bankruptcies of companies in 2019 was still quite low compared to the period of 2008 through 2017.
For nearly two years now, a group of Czech scientists and academics has been working on a national planetary defence strategy for the Czech Republic, funded by a government grant. The leader of the project is political scientist Dr Nikola Schmidt. Asteroids are generally perceived as the greatest threat to Earth from space and so I began by asking him what sizes of asteroids we should be worried about?
The fall of communism 30 years ago and the transition to a market economy had a major impact on many Czech producers and even the country’s iconic brands. Some of them failed to survive the tough competition they suddenly faced, others adopted a fresh strategy and stayed at the top. Czech Television recently presented a list of the winners, such as the companies Eta, Kofola or Botas.
Nearly 17,000 will cease to exist in the Czech Republic by the end of 2019,
according to the estimates of the Czech Credit Bureau (CRIF), which is the
highest number in the country’s history.
The first three quarters of this year saw nearly 12,000 companies close, which is only 15,000 more than for the whole of 2018.
At the same time, around new 31,000 companies are expected to be registered in the country in 2019, which is the third-highest number since 1989 and only a two-percent drop on the previous year.
Despite the country’s recent fall in the World Economic Forum’s global competitiveness report, Czech technology start-ups seem to dominate in the Central European region. At least according to the latest ranking published by the accountancy firm Deloitte on Thursday, which placed 19 Czech businesses among its list of the top 50 home-grown technology companies in Central Europe.
Influential scientists gathered in Prague this week to discuss the possibility of constructing a very powerful laser that would be used to propel probes to distant solar systems at extremely high speeds. Hopes are that the advanced technology developed in the HiLase laboratory in the Central Bohemian village of Dolní Břežany could be used in constructing the laser.