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Business NewsBusiness News
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
Current AffairsCar manufacturers in Czech Republic to roll out new mid-priced vehicles in 2012
Despite gloomy news and grim forecasts almost all around these days one
sector of the economy - namely the automotive industry – is in top gear.
In 2011, two out of three manufacturers – Hyundai and Škoda Auto exceeded
previous expectations, and while TPCA suffered a drop in production, all
three together produced a record 1,186,000 vehicles. And they are gearing
up for an equally good year in 2012, reading to launch mid-priced new or
revamped models aimed at both the domestic market and markets abroad. More
Business NewsBusiness News
In this week’s business news: An increase of the lower category VAT has
gone into effect, Czech online discount sites see steep increases in sales,
hard liquor consumption is on the decline, Škoda Auto has sold a record
number of cars in 2011, and the Czech Agriculture and Food Inspection
Authority says that 15 percent of food products it inspected in 2011 failed
to meet its quality standards. More
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