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Contactless Czechs spark arguments over dash from cash

Czechs are among the world leaders for so-called contactless cash payments. The use of such payments, such as on city trams and buses, is soaring and has sparked arguments about whether the writing is on the wall for traditional notes and coins issued by the country’s central bank.

 
 
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Czech shopping splurge confirmed with…

Surging domestic demand was one of the key reasons with which Czech National Bank governor Jiří Rusnok justified…

 
 
Business
 
 

Czechs get interest rate hikes in early…

The Czech central bank has taken a first step in raising interest rates with the big question now how fast the follow…

 
 
Business
 
 

Future of Czech engineering jewel, VPE,…

Certain parts of the Czech engineering sector are not experiencing the feel good effect blowing across most of the…

 
 
Business
 
 

Czech Bitcoin community pays close…

Prague is undoubtedly a hub for the use of the alternative cryptocurrency Bitcoin. But Bitcoin is now very much at a…

 
 
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Czech state surplus some way down on…

The Czech Republic’s state budget surplus had risen to CZK 25 billion at the end of July, up from CZK 4.6 billion at…

 
 
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Czech central bank tipped to increase…

According to many analysts and economists, the Czech central bank is now on the verge of raising interest rates, a move…

 
 
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Czech companies raise alarm as they…

Czech firms have started ringing alarm bells at the lack of locally grown timber that can meet the toughest ecological…

 
 
Business
 
 

Czech auto production sets new records…

Newly released Czech automobile production figures for the first half of 2017 point to a continued boom in an industry…

 
 
Business
 
 

Czech auto industry at a crossroads

The proportion of manufacturing industry in the economy of the Czech Republic is the biggest among all EU countries…

 
 
Business
 
 

Bankers raise forecast for growth of…

The Czech Banking Association has raised its forecast for the growth of the Czech economy this year to 3.2 percent…

 
 
 
 
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