The company R2G has made what appears to be a record acquisition for a
Czech investor in the United States, iHned.cz reported. R2G has bought
First Quality Nonwovens from the group First Quality Enterprises, which has
factories in the US and China and supplies fabrics for hygiene products, at
a cost of an estimated USD 500,000, the equivalent of almost CZK 11
R2G plans to merge First Quality Nonwovens with the Czech-based Pegas Nonwovens, which it acquired recently, to create PFNonwovens, iHned.cz reported.
Government ministers have stopped taking part in international trips with
Czech entrepreneurs and this could cost the latter in terms of deals, a
number of business chambers said in a statement to the Czech News Agency on
A spokesperson for the Chamber of Commerce, Miroslav Diro, said Czech firms could lose out to rivals from other states when it comes to import and export opportunities. Mr. Diro said the minister of finance and minister of industry and trade often helped open doors for his group’s members internationally.
The acting prime minister, Andrej Babiš, has in the past said that the state is not a travel agency. He said the country should be represented by diplomats, who are paid for that service, abroad.
Number of Czech internet stores accepting Bitcoins for payments has
increased tenfold over the past four years to around 1,000, the Czech News
agency reported on Sunday.
Among the shops that started accepting the digital currency is Czech largest online retailer Alza, which has also installed a Bitcoin ATM in two of its showrooms. Last year, the Comfort Finance Group CFG established the first Czech cryptocurrency fund.
The ANO party which is trying to form a coalition government with the Social Democrats, with tacit support from the Communist Party, is preparing changes to the law on electronic cash registers introduced at the start of 2017 as a means of fighting tax-evasion. The third and fourth phase of the project, due to have come into force this year, had to be postponed after the Constitutional Court voiced reservations to some of the measures involved.