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The Czech Republic wins arbitration case against British BCD over toxic
cleanup; Tyres producer Mitas opens first plant in the USA; Škoda Auto
raised first quarter profit by 11.8%; Energy Regulatory Office to halt
support for new renewable energy sources; Czech claims on other countries
total 22.35 billion More
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In Business News this week: the government approves a far-reaching fiscal
consolidation plan to reduce the state budget deficit, a drop in deliveries
of Russian crude oil to the Czech Republic triggers speculation of a plan
to up the price and Škoda Auto posts record sales. More
Business NewsBusiness News
In Business News this week: Czech industrial production speeds up; most
Czech companies want to hire employees as contractors; Saturday shifts at
Škoda Auto end over labour dispute, the North American brewing giant
Molson Coors buys Staropramen; and Prague’s Ruzyně airport marks 75
years since the first landing. More
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In Business News: Industry and Trade Minister confirms that Czech Republic
will try and further expand nuclear energy production; Rusatom Overseas
signs memorandum with potential subcontractors on Temelín; Škoda Auto
sees significant increase in sales in foreign markets; One-third of Czechs
will be unable to save a single crown a month this year, poll suggests; and
Czech nanotechnology firms make mark in Japan. More
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In this week’s business news: Czech banks are getting ready to sign off
on what could be the largest-ever club deal, negotiations between Škoda
Auto management and unions continue, the Czech Agrarian Chamber’s
president has said that egg prices will stabilize, the cost of fuel has hit
a record high and the American coffee retailer Starbucks has opened its
first Czech branch outside of Prague. More
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In Business News: The government debt has reached almost 40 percent of the
GDP; unemployment in January rose to 9.1 percent; the Czech state loses an
estimated 25 to 30 billion crowns every a year on account of tax evasion;
union representatives have rejected a 2.5 percent salary bump offered by
car manufacturer Škoda Auto; the sale of winter clothing and apparel –
including winter wear for dogs – has jumped markedly in the cold snap. More
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