The organization Million Moments will hold a protest in defense of democratic institutions on Sunday, March 1st, in Prague.
The year 2019 was a record one for the Prague hospitality sector in terms of transactions: the amount of investments in hospitality properties exceeded EUR 500 million. This is the highest figure in history and twice the average for the last five years. This is also the first time that the Czech Republic has made it to the Top 10 in the European hospitality investment chart – to number nine. In 2020, the volume of hospitality transactions could become twice as high – one billion Euros. Hotels as a good investment The reasons for the growth are on both the supply and demand sides. The interest among investors in hotels as investment properties is generally increasing since travel and tourism represent a sector that shows long-term growth. In addition, the hospitality segment is an attractive alternative to traditional commercial investments such as office buildings and shopping centres. Frédéric Le Fichoux, Partner & Head of Hotel Transactions for Continental Europe, Cushman & Wakefield, says: “One of the main reasons is that hotels offer attractive combinations of return and risk for various types of investors – from variable and risky income with a relatively high return rate to stable and less risky...
The Czech government will fill a lawsuit against the European Commission over the suspension of subsidy payments granted to Agrofert holding, an agrochemical company of Czech Prime Minister Andrej Babiš that is currently managed by trust funds. The EU executive has decided to freeze the payments from the Rural Development Programme worth €247.000 due to Babiš’s alleged conflict of interest, which he rejects. The last-minute legal action against the Commission was proposed by Agricultural Minister Miroslav Toman (S&D) on Monday (3 February) and was approved by the entire government. The deadline to file the lawsuit expires next Monday (10 February). The government’s decision to bring the case to the European Court of Justice is surprising, given the fact that a few days ago, the State Agricultural Intervention Fund said the Commission had changed its mind and allowed the payment of the subsidies to Agrofert holding, except for one project worth €64.000. “This is a matter of principle. Even if the European Commission said it would pay them except for one project, we want to sue because of the general decision not to pay the subsidies. We do not agree with some technical details,” Denik N quoted the Agriculture Ministry spokesperson...
As Central European cities, Vienna and Prague are connected not only by a common history but also by a common interest in further developing friendly relations. Therefore, the City of Prague has today approved an agreement on mutual cooperation, thus continuing to formalize urban relations and address key issues of regional development. Prague and Vienna agreed on thirteen areas of cooperation. The key topic is housing policy, and whether to support housing construction or the system of housing allocation. Another important point is waste management, and the management and maintenance of green areas in the city. The cooperation agreement will also concern the digitization of urban areas; for example the framework of electronic building permits, transport, and infrastructure, which can be used in the case of the construction of electric vehicle charging stations or the cultivation of public space. “I think it is important to cooperate with partners with whom we have a lot in common, whether it concerns a common past or the Central European space we share. The already proven solutions to similar problems that we face as a metropolis are then easily transferable. Moreover, Vienna has long been ranked among the top quality of life rankings, so...
China Eastern Airlines will restrict its flights from Prague to Shanghai with effect from March, joining Hainan Airlines, which announced the closure of its direct flights from Beijing to Prague earlier last week. The carrier is currently operating five weekly connections between the two cities. China Eastern will scrap one of them as of March 1, keeping four other lines open. “Let us inform you that China Eastern Airlines is cancelling MU708 / 707 flights between Prague and Shanghai as of March 1, 2020,” the airline wrote in its statement. The flights have already been deleted from the reservation system. “At the moment we have no further information from carriers about the changes in the timetable. Of course, the situation may change for operational or other reasons, and these changes are always at the discretion of the airline,” said Prague Airport spokesperson Katerina Pavlikova. Relations between the Czech Republic and China took a turn for the worse last year after city authorities in Prague showed support for Tibet and demanded changes to an intercity partnership agreement with Beijing over a reference to China’s ‘one-China’ policy on Taiwan. Hainan’s website was offering direct Beijing-Prague and Prague-Beijing flights until Friday Feb. 28 when checked on Wednesday. xosotin chelseathông tin chuyển nhượngcâu lạc bộ bóng đá arsenalbóng đá atalantabundesligacầu thủ haalandUEFAevertonfutebol ao vivofutemaxmulticanaisonbetbóng đá world cupbóng đá...
Tthe US has threatened the Czech Republic with tariffs on Czech goods in the event that parliament adopts a 7% digital tax on Google, Facebook, and other giants.
Finland’s new prime minister, 34-year-old Sanna Marin, once floated the idea of a four-day week. It sounds quite glorious, doesn’t it? Czech Interior Minister Jan Hamáček fueled the debate after he posted on his Facebook his thoughts about a four-day workweek. “A four-day workweek. I understand that when we start talking about changes, we don’t always take them seriously. On the other hand, people once believed that shortening the workweek from six to five days was not possible. And it happened,” posted Hamáček on Facebook two weeks ago. “Can you imagine today at your job, that if you do your weekly tasks in four days that the weekend will then start on Thursday afternoon? What would you do on Friday?” His post was based on the Microsoft experiment in Japan. When, in August, Microsoft Japan tested a four-day week, productivity work shot up by about 40%. One Melbourne organisation found a six-hour working day forced employees to eliminate unproductive activities such as sending pointless emails, sitting in lengthy meetings and cyberloafing (messing around on the internet). However, Hamáček’s colleagues are not so keen on the idea. Former Finance Minister Miroslav Kalousek admits that in the distant future, there might be a four-day workweek, saying...
Last November, the capital city’s long battle over Pražská tržnice’s ownership proved the municipality victorious, meaning the future of the behemoth market and its accompanying grounds now lay in the hands of the city. What the metropolis decided to do with the industrial-compound-turned-marketplace will determine its future place and function in the city. The market complex, a former slaughterhouse, is nestled between the Vltava river and Holešovice, a young and hip neighborhood marked with museums and artistic spaces. This advantageous location provides Pražská tržnice with an enormous amount of untapped potential. Currently overgrown with weeds and passed over by most, the market grounds could serve as a bridge between the new and old Prague, inhabiting the space of both an evolving marketplace and creative cultural center. Slowly, the grounds are tapping into this potential. In April 2019, seven months before the courts came to their conclusion in the case against the former renters of the market, Delta Center, the city of Prague, led by Deputy Mayor Pavel Vyhnánek, began implementing changes to the landscape of the former slaughterhouse and current mish-mosh of markets, retailers, and restaurants. The first things to go were the dilapidated DIY market stalls located between the...
Czech President Milos Zeman’s decision to skip China’s summit with European leaders in April shows the “honeymoon is over” between Prague and Beijing, analysts say, as it tries to shake up the relationship to push for more investment. And China could face similar trouble with other nations looking for more at this year’s “17+1” summit with Central and Eastern European nations in Beijing. Top leaders usually attend the gathering, but Zeman on Sunday said he would not be going, and that China had not “done what it promised” by failing to invest more in his country. He would instead send Deputy Prime Minister Jan Hamacek, which he said was “adequate to the level of cooperation”. At last year’s summit in Croatia, Prague was represented by Prime Minister Andrej Babis, who was diplomatically on par with the Chinese representative, Premier Li Keqiang. But it is China’s turn this year, and President Xi Jinping will be the host – meaning heads of state are expected to attend. The 17+1 grouping was launched by Beijing in 2012. Zeman was a strong advocate for deepening economic ties with China and investments were on the rise, for a time. But Zeman and other Czech leaders...
Greece has reiterated its request to send children from Greek refugee camps to the Czech Republic, which if granted, would be a major reversal of previous policy regarding accepting migrants into the country. Acceptance of children from refugee camps in Greece was one of the topics discussed by the Czech Chamber of Deputies chairman Radek Vondráček (ANO) and members of the Greek parliamentary committee on public administration, public order, and justice. Vondráček said that during the negotiations with the Greeks, there was a consensus on a pan-European solution for migration, including a policy of return. “Of course, Greece also reiterated the request regarding 40 children migrants. However, our parliaments are unable to draw any conclusions because we do not have executive powers. Currently, communication between ministries is going on in private,” said the Czech Chamber of Deputies chairman. Vondráček believes that the acceptance of 40 orphans is a symbolic issue, but it may have become the subject of internal political struggles in the Czech Republic and possibly in Greece as well. “We definitely agreed on one thing, which is that a Europe-wide solution and a clear return policy must be introduced,” Vondráček stressed on migration, adding he understands that the...
Shanghai Municipality has terminated its sister-city relationship with the city of Prague with immediate effect and suspended all official exchanges, the Shanghai Municipal People’s Government announced on Tuesday. The decision was made given the fact that “the political prerequisite and basis for the exchanges between the two cities no longer exist,” according to a statement. “The administration of the city of Prague of the Czech Republic has repeatedly made wrongful moves on the Taiwan question and other issues that bear on the core interests of China, which has constituted a blatant interference in China’s internal affairs and a flagrant challenge to the one-China principle,” read the statement. Mutual respect, equality and mutual benefit are the foundation of relations between China and the Czech Republic, noted the Shanghai government, and urged the Prague administration to realize its mistakes as soon as possible, remove the negative impact through concrete actions, and adhere to the one-China principle. Czech President Milos Zeman has pushed ties with China. But the capital’s government has taken a much harder line, including Prague Mayor Zdenek Hrib’s refusal to eject a Taiwanese diplomat from a conference at the demand of a Chinese official, and his decision to fly the...
Prague Mayor condemned China as an "unreliable partner" and told his city will sign a twinning agreement with Taiwan's capital Taipei.
Subscribe for our daily news
Don’t have an account? Register
Already have an account? Log In
How Would You Like to Promote Your Business? PR ArticleDisplay bannersVideo productionNewsletter adsJob ListingsInfluencer Marketing
Your Email
We will come back to you within 24 hours with our proporsal
Subscribe for our daily news 
