Turnover of the Czech Republic’s 100 largest companies last year for the
first time exceeded three trillion crowns (around 118 billion euros),
according to the Association Top 100. Meanwhile, their profits grew by 12.3
percent year-on-year to over 209 billion crowns.
Car maker Škoda Auto again won the annual contest for the best-rated 100 companies in the Czech Republic, which made both the highest sales and profits, followed by Daniel Křetínský’s energy holding EPH and the energy giant ČEZ.
This May some 88 companies went belly up, the highest number of
bankruptcies in two and a half years, according to the Czech Credit Bureau
(CRIF). The figure is up by 35 compared to April.
Last month 551 people in business for themselves also declared bankruptcy, the highest number since May 2018.
Despite the relatively high number of bankruptcies in May, their number continues to decline in the long term, CRIF analyst Věra Kameníčková said, commenting on the figures.
Ahead of the 30th anniversary of China’s crackdown on peaceful pro-democracy demonstrators in Tiananmen Square, Radio Prague spoke to Filip Jirouš, coordinator the China-watching think tank Sinopsis, about the politics behind some of the more controversial aspects of business dealings between the countries. A harsh critic of China’s sweeping Belt and Road Initiative, to which the Czech Republic has signed on, and the main Chinese investment vehicle here, CEFC, he further argues allowing Huawei to roll out the 5G network would be a disaster.
A recent conference on business and investment opportunities in Africa organized by the Czech Foreign Ministry, focused on innovative forms of investment and modern technologies. Titled “Creative, Innovative and Participative Africa” the event brought together ambassadors and business representatives, underlining Czech interest in establishing new partnerships and projects on the African continent. I spoke to Deputy Foreign Minister Martin Tlapa about the opportunities opening up, the risks involved and what the Czech government is doing to help
Czech doctors and medical experts are helping abroad. Within the government program MEDEVAC they provide urgent humanitarian aid in countries such as Jordan and Ukraine. You can also find medical devices Made in Czechia all over the world. This small country is definitely punching above its weight on the global scene when it comes to health expertise and technology.
The Czech Republic’s system of company tax is one of the most complicated in the EU, claims a study made in collaboration by the consultancy BDO and two German universities. The Czech Republic ranked fourth from bottom among EU states and its tax system was considered below average in the world-wide ranking.
The volume of foreign capital in Czech companies is at its lowest level
since 2011, according to a study of corporate structures published on
The consultancy Bisnode say the volume of foreign capital stood at 895 billion crowns in April, down 15 percent in annual terms.
Foreign entities currently hold almost 36 percent of the total share capital of Czech companies, Bisnode says.
New foreigners’ law to change conditions for non-EU nationals
Czech rock climber Adam Ondra knocked out of World Cup in Japan
Czech foreign ministry reports record number of visa applications
New index shows locations with best quality of life in Czech Republic
Archaeologists unearth rare Renaissance-Baroque brew house in ‘Czech Paradise’