Czech Republic Business News

The European Union has called on political leaders in Russia and Ukraine to restore gas supplies to EU member states. Russia has confirmed that gas shipments to European consumers have stopped. It says this is Ukraine's fault because it had...

The Czech Republic is now beginning to be more affected by the world financial crisis. After a number of industrial companies announced cutting thousands of jobs, the government has, for the first time, admitted taking action to help the economy....

The Marcellus shale basin was a hotbed of activity earlier this year as natural gas prices soared...That was a smart move for Linn, which ultimately sold off three properties for about $1 billion, at what has proved to be the...

Czech economic sentiment indicator fell to 78.7 in December from 86.4 in November, the statistical office reported Tuesday. According to the official report, confidence indicators for all sectors of the economy declined in December. The consumer confidence indicator fell to...

is up more than 17% and seeing heavy options activity after a favorable article published this weekend...Friday at $11.98 but is now trading over $14 after Barron's called the company's stock "enticing." The article noted that analysts expect the gas...

Czech Republic—The car manufacturer Skoda Auto, based in the city Mlada Boleslav, ordered a three-week long vacation for its more than 20,000 employees this week. This amounts to about a half of the total population of the city, located about...

Workers will stay home either Mondays or Fridays, depending on the car models they work on, and will receive 75 percent of their salaries. Citing a lack of orders from Western Europe, Škoda will also extend its Christmas holiday, shutting...