Thousands of flats are currently available in Prague. Developers made their calculations during the construction boom, when construction and land prices were inflated. Finished flats from the boom time are more expensive than ones being built now, when costs are lower. The question is how long developers can afford to keep the flats unsold before having to make a deep price cut.

Does Prime Minister Petr Nečas (Civic Democrats, ODS) really intend to intervene in the scandals relating to Supreme Audit Office (NKÚ) chairman František Dohnal, who has repeatedly refused to deliver to the members of the parliamentary audit committee the documents necessary for the audit of the financial management of the NKÚ? Or is he all (slick) talk and no (decisive) action?

A day after announcing plans to acquire more receivables for the troubled lottery and betting firm Sazka, Czech real estate tycoon and financier Radovan Vítek’s property company Czech Property Investments (CPI) has announced that he has become the sole shareholder. Vítek was already the de facto owner, but had made his mother CPI majority shareholder due to divorce proceedings.

Chinese entrepreneurs came up with the idea. If everything works out, the Czech Republic won’t pay a single crown for a new Shanghai-based Czech House (Český dům) — a state-sponsored center serving as a contact point between investors and Czech institutions. The question remains whether having representation in the most populous Chinese city would prompt Czech entrepreneurs to enage more with China.