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.
Some CZK 155 billion were spent by Czechs while shopping online in 2019,
news site iHNed.cz reports. The number shows a CZK 20 billion increase
compared with the previous year and, according to the head of the Czech
Association for e-commerce, Jan Vetyška, is partly down to increasingly
better services, with a wide variety of delivery options. Most online
purchases were conducted when Czechs shopped for electronics and house
Online shopping popularity is a growing trend in the country. In 2018, the Czech Republic took one of the top spots in Europe when it came to e-commerce, with more than 43 percent of technical or non-food goods in the country being sold online, according to data released by the research agency GfK and the Czech Confederation of Industry. The amount of online retailers has also grown substantially, reaching more than 46,000 vendors last year.
Associations representing the interests of towns and municipalities have
called on Minister for Regional Development Klára Dostálová (ANO) to
withdraw the current draft bill for a new Building Act. A completely new
proposal needs to be created as the legislation is so bad, the Chairman of
the Union of Towns and Municipalities František Lukl said in a press
release issued on Monday together with the Association for Rural Renewal.
Mrs Dostálová has not yet commented on the statement.
The draft Building Act has elicited criticism in the media as well. In October, it was described as a de-facto privatization of the legislative process which plays into the hand of developers, in the weekly magazine Respekt.
The Czech Republic is the seventh biggest exporter of fireworks in the
world, according to world business data. The country exports 10 million
dollars worth of fireworks annually.
The Netherlands is Europe’s top exporter of fireworks selling 52 million dollars worth of fireworks every year.
The Czech Republic is also one of the most lenient states when it comes to the sale of fireworks.
According to the CTK news agency there are currently 11 e-shops offering F-4 –the most dangerous category of fireworks which should only be handled by professionals.
The situation at the Czech Republic’s internationally known Zetor tractor company has been stabilised following major layoffs announced last year. The downsizing and clearing of inventory proved effective and the company will even make a small number of fresh hires in the coming year, Czech Television reported.
Referred to as a key document, the government’s National Investment Plan has been years in the making. On Monday, the long awaited concept was finally unveiled. It counts on some CZK 8 trillion being spent by 2050 on investments in all branches of state infrastructure. The prime minister says it could help in EU funding negotiations with Brussels. However, the opposition has mocked it as a simple wish list with no clear implementation strategy.
Archaeologists unearth seven graves dating back to Great Moravian Empire
“Einstein in Bohemia” – Part II: how alienation in ‘half-barbaric’ Prague led him to a new theory of gravity, eventual love of a free Czechoslovakia
“Einstein in Bohemia” – part 1: how a Prague sojourn sparked his theory of general relativity, journey of self-discovery
Valentine’s Day 1945 - When the Americans bombed Prague
Film about tragic fate of great Czech actress highlights communist atrocities in the 1950s