The number of both corporate and personal bankruptcies declared in 2012 rose by 46 percent compared to the previous year, according to figures by the company CCB. Nearly 3,700 firms went bankrupt last year; most of them were self-employed people registered as entrepreneurs. Some 60 percent of bankrupt firms were active in the services, trade and restaurant sectors. Meanwhile, nearly 17,000 personal bankruptcies were declared in 2012 which was the highest number since their introduction into Czech law in 2008.
Olga Lomová: Western misconceptions could let China export much of its system and ultimately contribute to our enslavement
Hitler no ‘gentleman’, but court rules Czech state need not apologize for president’s claim Ferdinand Peroutka said so
Bertha von Suttner – Prague-born peace campaigner whose ideas on cooperation and disarmament continue to have lasting effect
Beijing ends agreement with Prague – but can spat harm Czech capital?
Czechia now ahead of Spain in GDP per capita, but still below EU average
Rare Terezín concentration camp artefacts found in attic of private home
Czechs observe day of mourning for pop idol Karel Gott
Thousands pay tribute to deceased national pop icon Karel Gott