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Business NewsBusiness News
Czech foreign trade: surplus of 9 billion crowns in March. Government
approves Hyundai investment agreement. Skodaexport almost certain to land
biggest foreign contract in the
country's history. Poll: Number of Czechs in favour of euro on the
decline. Czech crown reaches new record against euro. Ever more singles
applying for mortgage. More
Business NewsBusiness News
In this week's Business News: analysts say the PM's prediction of up to 8
percent GDP growth in the first quarter is realistic; consumers spending
was up 8 percent in February; a Czech company is to launch the country's
first private express train; over five billion crowns remains in anonymous
bank book accounts at Ceska Sporitelna; the two sides in the Budweiser name
dispute come to a settlement for the first time; the number of 50-crown
coins in circulation has risen sharply; and Barrandov is building the
biggest sound-proof film studio in Europe.
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Current AffairsCzech economy riding high
The past few months have seen very positive economic news coming out of the
Czech Republic. Not long ago, Radio Prague told you about record growth of
GDP. Recently, the rating agency Moody's improved its A1 OUTLOOK of
foreign and domestic currency ratings from stable to positive. Also, the
Czech crown has strengthened against both the dollar and the euro recently
while state debt has remained low and the trade balance ran a high surplus.
More
Business NewsBusiness News
In Business news this week, A French pharmaceutical company acquires a
stake in a Czech company, the Czech Republic's currency rating improves on
the heels of good macroeconomic results, Czech Airlines receives new planes
and we'll tell you how Czechs feel about the practice of telemarketing.
More
Business NewsBusiness News
Hyundai contract to be signed soon. Energy company CEZ earns record profits. Czech airlines reports substantial losses. CSOB bank sees healthy economic results for 2005. Prague Stock Exchange deploys single index: PX. Distrainers on the rise. Distrainers on the rise. Skoda considering producing five-door Superb.
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Business NewsBusiness briefs
Controversial businessman Frantisek Mrazek shot dead; Czech Republic
protests Austria proposal on VAT levels; Czech Railways to seek some
$700,000 from maker of Pendelino; Talks with South Korean carmaker Hyundai
centre on domestic-parts guarantee, infrastructure; Deputies have approved
a tougher conflict-of-interest bill; Cinema association says box-office
sales fell 22 percent in 2005; Czech crown reaches another record high
against the Euro
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Business NewsBusiness briefs
Bosnia-Herzegovina has chosen the Czech power utility CEZ for a $1.8bn
joint venture; Skoda Export to develop multi-billion dollar India port
complex; Record $2.8bn worth of mortgages signed in 2005; Cabinet approves
'renovation' loan subsidy for young couples; Leftover National Property
Fund (FNM) money could go to build retirement homes; Czech Rep. may seek
compensation over failed Pendolino high-speed trains; State-insurer VZP to
cut chronic reimbursement delays by 'two weeks'
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