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Business NewsBusiness News
In this week’s Business News: the central bank says the worst is over;
commercial banks drag their feet on rate cuts; a Prague court throws out an
insider dealing charge; Czech performance on internet economy assessed; and
a Papal blessing for a monopoly producer.
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Business NewsBusiness News
In this week’s Business News: the ad spending slide hits Nova profits;
one sole order for Staropramen; bad loans provisions hit Česká
Spořitelna; ČEZ powers up in Germany; and Czechs lose taste for pork
products.
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Current AffairsExperts gather for Prague conference on cyber terrorism and crime
As we spend more and more of our lives online, we’re exposing ourselves
to the more nefarious aspects of the internet – spam, viruses, phishing,
extremist websites, even cyber warfare. How to fight such threats is no
longer the domain of computer geeks – governments around the world have
whole departments to tackle the issue. The problem of cyber terrorism and
cyber crime is being discussed this week at the Cyter 2009 conference in
Prague, as part of the Czech EU Presidency.
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MailboxMailbox
In Mailbox this week: fraudulent e-mails to Česká spořitelna clients;
listening on shortwave in the US; stories on Radio Prague on Petr Ginz and
Chava Pressburger; and how to win a trip for two to the Czech Republic by
taking part in Radio Prague's annual listeners' contest. Listeners quoted:
Lisa Feder, Stephen Zolvinski, Sandra Dickson.
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Business NewsBusiness News
In Business News this week: the lower house approves the basic parameters
of the 2008 state budget, the Czech National Bank raises its inflation
forecast for next year and the European Bank for Reconstruction and
Development blows the whistle on aid to the Czech Republic.
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Business NewsBusiness News
In Business News: small breweries accuse Plzensky Prazdroj of preventing
them supplying beer to some restaurants; Skoda cars are set to enter the
Australian market; Czech portals Seznam and Atlas combine their search
engines in an attempt to fight Google; Volny enters the digital TV via
phone-lines market; and Ceska sporitelna boss Jack Stack makes an unusual
swan song.
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One on OneJack Stack - an American at the helm of one of the Czech Republic's biggest banks
As chairman and CEO of Ceska Sporitelna bank, Jack Stack is one of the best
known foreign businessmen in the Czech Republic. As well as being
personally popular, he is also admired for having turned around the bank's
fortunes; when he took the helm at the turn of the decade it was deeply in
the red - today it is making billions of crowns in profits. When I met Mr
Stack at his Prague 4 office, I asked him what the secret of his success
at Ceska Sporitelna was.
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