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In today’s business news: Consumer prices have risen by 4.7 percent
following a VAT hike, the American Anheuser-Bush purchases the
Budějovický měšťanský brewery in hopes of improving its chances in an
ongoing trademark dispute, public health insurer VZP may see a budget
deficit of up to three billion Czech crowns in 2012, regular and diesel
fuel reach record prices, and the forecast for the Czech construction
sector for 2012 is the worst among the Visegrad Four. More
Business NewsBusiness News
Economy grows by 1.2% in 3Q; criminal liability for companies passes
parliament; fifty billion crowns in deals for Czech and Russian businesses;
inflation accelerates to 2.5%; construction continues decline. More
Business NewsBusiness News
In business news today: household energy prices to grow in coming months;
Slevomat.cz buys share in Hungary’s Bónus Brigád; Czech Post expects
rise in profit compared to 2011; Construction sector expects crisis to
deepen. More
Current AffairsEyesore of an apartment bloc in Havlíčkův Brod to be torn down
Pre-fabricated apartment blocs known in the Czech Republic as paneláky
(panel buildings) were once the Soviet ideal and countless thousands were
built in Czechoslovakia from the 1950s until 1989. Now, for the first time,
one such bloc of homes will be demolished strictly for aesthetic reasons.
The Southeast Bohemian town of Havlíčkův Brod has confirmed that a
low-rise smack in the town centre – considered an eyesore for years –
will soon be a thing of the past. More
Business NewsBusiness News
In this week’s Business News: the transport minister’s resignation is
met with relief by some members of the country’s construction sector,
fuel prices reach an all-time high, the Czech Republic contributes over 65
million Czech crowns to an international fund for a protective shield
around one of Chernobyl’s reactors, the labor ministry plans to introduce
a new electronic payment system for pensions and for the first time, a
woman takes first prize at the Czech Manager of the Year Awards. More
Current AffairsTransport Ministry weighs possibility of using prison labourers to help in road and highway construction
The Transport Ministry has raised eyebrows after it was revealed this week
it might use non-punitive prison labour on highway and road construction to
help curb costs. So far, the ministry is keeping quiet about the exact
details but the Justice Minister Jiří Pospíšil was more candid, saying
the idea of prisoners helping build the country’s throughways was indeed
being considered. More
Current AffairsTransport ministry turns to China for cheaper roadworks
The Czech Republic wants to save money on road construction, and China is
looking to break through to European construction markets. It seems an
ideal match to Transport Minister Vít Bárta, whose ministry is the one
hardest hit by budget cuts amid numerous ongoing projects. But Czech
construction companies are, needless to say, not enthusiastic. Christian
Falvey has more.
More
Business NewsBusiness News
In this week’s Business News: Škoda Auto to remain in luxury range;
government turns off funding for solar power; central bank fines major high
street bank for misleading customers; steelmakers see slow recovery; and
work time increases for employees.
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