As labour markets tighten across CEE, economists say the best outcome for the region is for companies to respond to worker shortages by investing into new technologies.
The state enterprise has been trying to log as many trees as possible before all trees were infected with the bark beetle which has afflicted Czech forests since 2016.
The European Court of Human Rights reportedly decided Babis' request to be removed from the list of former Communist secret police agents was "unacceptable".
Czech inflation slowed to 2.0% year-on-year in November from 2.2% in October. The latest figure was recorded as the lowest level since April, the Czech Statistical Office (CSU) reported on December 10.
For a few years now, foreign banks have been constantly losing market share in many of the larger Central-, Southeastern and Eastern European markets, but there is a shift in the game as state banks are proudly increasing their share in many markets
Czech non-adjusted retail trade increased by 6.4% in October year-on-year, up from 1.4% in September, driven mainly by sales via mail and online Christmas orders, according to the Czech Statistics Office data
Growth in industrial robot shipments to Central and Eastern Europe to considerably outstrip global growth, as labour shortages bite.
The Czech seasonally adjusted unemployment rate fell to its lowest level in a quarter of a century of 2.1% in October, down by 0.5 percentage points (pp) year-on-year, according to the Czech Statistics Office data published on November 30.
The Czech IHS Manufacturing Purchasing Managers Index (PMI) dropped to 51.8 in November from 52.5 in October, the fifth successive monthly fall in 2018 and the weakest growth since August 2016, figures released by IHS Markit on December 3 show.
Czech power company in discussions with new potential buyer as its deal with local family-owned Inercom Group was blocked by the Bulgarian authorities.
Babis has made a fortune from forestry, but critics say he has also caused an environmental disaster.
Babis has reportedly been accused of a conflict of interest over EU subsidies received by his company Agrofert Holding, according to leaked documents.
Czechia is a leader amongst fast rising labour costs in Central and Eastern Europe (CEE), with average wages up 9.3% y/y in the 2Q18, the sixth highest in the EU
The CEE advertising industry is growing at an astonishing pace, according to the CANnual Report 2018. While television is still the dominant media type in most countries of the region, digital is catching up fast.