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Czechs in HistoryVaclav Kral - designer of legendary cars like the "Supertatra"MTX V8
Vaclav Kral was one of the Czech Republic's most prolific automobile
designers, a veritable legend in his field. Last year, when he died
unexpectedly at the age of just 69, it understandably came as a shock to
his loved ones and friends, but even caught countless fans who never knew
him, off guard. He had been working on a new project - Autodesign &
Styling magazine, as well as a planned exhibition of some of his best work
in the town of Roztoky near Prague, where he lived for many years. The
exhibit was meant to mark his 70th birthday and his lifelong passion for
design. As it is, it became something of a final retrospective - in
memoriam. More
Business NewsBusiness Briefs
The Toyota-Peugeut-Citroen automobile plant (TPCA) in Kolin, east Bohemia,
is in line to produce 300,000 cars per year; Russian President Vladimir
Putin has indicated some of Russia's oil profits could be reinvested in
the Czech Republic in areas of science and culture; Cesky telekom will
merge with subsidiary Eurotel to form Telefonica O2.
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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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Current AffairsHyundai deal now likely at end of February, say Czech officials
From a number of months now the South Korean car maker Hyundai has been
considering opening a huge new plant in north Moravia; if it happens, it
will transform the region's economy. A decision had been due at the end of
December, but talks stalled. On Thursday a delegation from Hyundai
completed a fresh round of negotiations in Prague, but still no contract
has been signed. The minister of industry and trade, Milan Urban, said at
a press briefing on Thursday morning that he believed a final deal would
be announced at the end of next month.
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Current AffairsSkoda to enter the booming Russian market
The Volkswagen Group, that owns the Czech carmaker Skoda, last week
announced its decision to enter the booming Russian car market. The plan
is to start assembling the Skoda Octavia in kit form. To avoid Russia's
high duties on car imports, Skoda will make the cars in the Czech
Republic, paint them, take them apart and then have them reassembled in
Russia. Skoda says that this should all be up and running by the beginning
of 2008. David Vaughan spoke to our auto-industry expert Lyle Frink to
find out more.
More
Business NewsBusiness briefs
Social Democrat MP Kraus accused of corruption, gives up influential posts;
Civic Democrat MP Dolezal resigns from Parliament over corruption charges;
Record number of cars produced last year; CzechInvest helped secure a
'record' 154 investment projects in 2005; Czech currency reaches all-time
high against the euro; Record number of self-employed foreigners noted in
2005; Unient Communications set to become first 'virtual' mobile operator
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