The average price for new flats in Prague increased in the first quarter of
2018 by 22.8 percent year-on-year to 88.552 crowns per square meter,
according to the data by developer companies Trigema, Skanska reality and
Central Group released at a press conference on Wednesday.
The number of sold apartments dropped by 11 percent in the first quarter to 1,200 compared to the same period last year. As of 2015, the prices of flats in the Czech capital have increased by three fifths.
The Defence and Foreign Affairs Committees of the lower house of parliament
have both called on the government to make greater efforts regarding the
situation in Syria. The heads of the departments, Lubomír Zaorálek and
Jana Černochová, made the announcement after the committees’ joint
meeting on Wednesday.
According to the committees, the Cabinet should also offer Czech army experts to investigate the chemical attacks in Syria. Mrs Černochová said the Czech Republic had a unique opportunity to affect peace negotiations in the country, being one of the few western countries which still have an embassy in Damascus.
The Penta investment group increased its operational profit in 2017 by 19
percent on the previous year to a record 10.1 billion crowns. Revenues
increased by 21 percent to 178 billion crowns, Penta co-owner Marek Dospiva
announced at a press conference on Wednesday.
The consolidated net profit of the company reached 6.2 billion crowns, which is the highest figure since 2016. Penta is currently planning to enter the Chinese market with its chain of pharmacies Dr.Max.
The government has approved compensation to the farmers who suffered losses
due to last year’s drought, amounting to two billion crowns. Deputy Prime
Minister Richard Brabec announced the news at a press conference on
Another 208 million crowns will go to fruit growers, whose harvest was damaged by spring frosts last year. The Ministry of Agriculture will also earmark 141 million crowns for building irrigation systems.
According to Mr Brabec, the compensation represent just a fraction of the overall damage caused by weather conditions last year, which amounted to about 12 billion crowns.
A program enabling physicians, pharmacists and dentists from Ukraine to
work in the Czech Republic without taking additional exams will soon be
The government agreed to end the project on Tuesday due to strong criticism from the associations of doctors, pharmacists and dentists.
Their representatives said the lack of exams did not guarantee quality care and some of these doctors had a problem communicating in Czech. The program will continue for nurses.
More than 200 physicians and dentists and some 130 nurses and other healthcare workers came to the Czech Republic within the program in the past two years.
The International Monetary Fund has revised its economic growth forecast
for the Czech Republic in 2018 from a projected 2.6 percent in the fall of
last year to 3.5 percent of the GDP. The country saw a 4.3 percent growth
In 2019 the IMF predicts a further slowing of the economy to 3 percent growth. This year’s unemployment has been forecast at 3.0 percent up from 2.9 last year with an outlook for 3.2 percent in 2019.
Preparations are underway for the return of the remains of Cardinal Josef
Beran to his homeland this weekend. The Cardinal’s remains will be flown
to the Czech Republic on Friday and will be buried in Prague’s St. Vitus
Cathedral, the final resting place of kings and cardinals, the next day.
This is in accordance with the cardinal’s last wishes.
Cardinal Josef Beran, a symbol of resistance to the communist regime, was exiled to Rome in 1965, where he died four years later. He was buried in the crypt of St Peter's Basilica in the Vatican because the communist authorities did not approve the return of his body to his homeland.
On Tuesday workers installed a new statue depicting the saints Vojtech, Radim and Radla inside St. Vitus Cathedral. The idea for such a statue to be placed in the cathedral emerged during the time when Cardinal Beran was was still Archbishop of Prague and Primate of Czechoslovakia.
The Czech group Media Invest, which is co-owned and run by billionaire
Daniel Křetinský, is buying radio assets in the Czech Republic, Slovakia,
Poland and Romania from the French media group Lagardere.
In the Czech Republic they include Frekvence 1 and Evropa 2. Lagardere said the sales price of those radio assets was 73 million euros. The sale still has to be approved by the regulatory bodies in both countries.
Media Invest has so far focussed mainly on press assets, among them four dailies and over a dozen magazines.
Czechs and Germans in 1930s Czechoslovakia: a complex picture
Wide range of events in store for Czechs this weekend as 30-year anniversary of Velvet Revolution reaches climax
Hundreds of thousands again gather in Prague to voice their opposition to prime minister
Shabby pub profits from nostalgia
Škoda unveils 4th-generation Octavia ahead of model’s 60th anniversary