Home goods store IKEA is planning to open an outlet on Prague’s Wenceslas
Square in just over two weeks’ time. The 800 square metre shop will focus
on living rooms.
The new furniture store will be located in a former bank building near the bottom of the capital’s main thoroughfare. Its opening reflects a new IKEA strategy that the Swedish company is planning to implement in a number of countries.
Plans have been unveiled for this year’s edition of Prague’s Signal
festival of light. The 2018 Signal will take place in the capital from 11
to 14 November and organisers say that for the first time it will have a
common theme, the centenary of the foundation of Czechoslovakia. This will
be reflected in the involvement of an unusually high number of Czech
The Prague district of Karlín will for the first time feature in this year’s edition of the festival, which comprises light installations and video mapping shows. Around half a million people are expected to attend.
The biggest contract in the modern history of the Czech Army will not be
awarded on the basis of a public tender process, Czech Television reported.
The Ministry of Defence intends to directly address potential suppliers of
over 200 mechanised infantry combat vehicles, the station said. The
contract should come in at a cost of CZK 53 billion.
An army spokesperson said there were few suppliers of such hardware and that it would consider offers from four producers that met its requirements. Military chiefs want the vehicles to be supplied by 2020.
The Czech government has earmarked CZK 6.8 billion to try to ensure the
country does not lack doctors in the future. That figure should ensure that
the intake of medicine students at the country’s teaching hospitals
increases by 15 percent.
A third of all doctors in the Czech Republic will be over the age of 60 by 2020 and the current number of medicine graduates is insufficient to replace the medics who will be retiring in the coming years.
Markéta Vondroušová has been knocked out in the fourth round at the US
Open in New York. The 19-year-old Czech took the first set against Lesja
Curenko of Ukraine but eventually lost 7-6 5-7 2-6.
That result means that the only Czech singles player remaining at Flushing Meadows is Karolína Plíšková, who will face America’s Serena Williams for a place in the semi-finals.
Police have changed another 35 people in a long-running fraud case
concerning now bankrupt engineering company ČKD Praha DIZ, a significant
player on domestic and international markets until two years ago. In total
about 60 people, including the company's former owner, have been
The latest suspects are accused of helping the company evade taxes exceeding 850 million crowns in total, in part by issuing or processing fictitious invoices, or transferring funds offshore. In April, billionaire Petr Speychal, a former ČKD Praha DIZ owner, was charged with tax evasion by anti-corruption police.
Prior to going bankrupt, ČKD Praha DIZ had been embroiled in a legal battle with Prague City Hall over completion of the controversial Blanka Tunnel in the capital, which cost the taxpayers some 43 billion crowns. It was the largest and most expensive project in the history of Prague.
The average monthly salary in the Czech Republic increased by 8.6 percent
year-on-year in the second quarter to 31,851 crowns, data released on
Tuesday by the Czech Statistical Office (ČSÚ) show.
In real terms, accounting for inflation of 2.3 percent during the second quarter, the average salary rose by 6.2 percent. In the previous quarter, real wages rose 6.6 percent, their fastest pace in 15 years.
The median wage, the level at which most people are earning removing part of the distortion from high earners, stood at 27,236 crowns in the second quarter.
The Purchasing Managers’ Index (PMI) in the Czech Republic dropped to
54.9 points in August from 55.2 in July, according to financial services
company Markit. Although the August figure is the lowest in a year, it
still indicates improving conditions in the manufacturing industry, albeit
at a slower pace.
According to Markit, the PMI drop stems from weaker growth in production and new orders. Inflationary pressures remain high, with input price growth the second-highest since the end of 2017, mainly due to higher raw material prices, especially steel, as well as exchange rate developments.
August's value is below the average of the last year, but is still solidly above the 50-point base level, and still just slightly below the 4-year average.
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