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Share-prices on the Prague Stock Exchange have slumped to their lowest
level since November 2006, Škoda car sales around the world increased by
14.5 percent last year and Visa has apologized for a glitch in its
transaction system in Poland, the Czech Republic and Hungary that left an
unspecified number of customers with duplicated withdrawals on their
accounts.
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In Business News: an increase in exports countries allows power producer
CEZ to achieve record profits in the first quarter; a new player, U:fon,
enters the Czech telecoms market; a UK firm has plans to greatly increase
passenger numbers at the regional airport in Pardubice; the number of
pirated computer programmes used here is nearing the EU average; and the
number of Chinese tourists visiting the Czech Republic is rising rapidly.
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In Business News this week: the EC says it expects the Czech Republic's GDP
growth to fall below 5 percent this year and also worsens the outlook for
the country's public finance gap; March was the best month ever for the
export of goods; unemployment falls below 7 percent; interesting figures
have been released regarding the sectors in which Czechs work; and the
agriculture minister wants to speed up the sale of state land to give
Czech farmers an advantage before an EU accession transition period ends.
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This week in business, the rankings of the Top 100 firms in the Czech
Republic see little change, while motorists can expect big changes thanks
to new legislation on lorries. Construction has slowed in the Czech
Republic, but is this a systemic problem and is Google planning to open an
office in Prague.
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Current AffairsSmoothing the way for compulsory purchase of land
On Thursday Parliament approved -in its first reading - a bill which would
smooth the way for compulsory purchase of land and property from private
owners for projects in the public interest, such as the construction of
roads and railways. Although this is an accepted practice in most
countries and has been going on for years in the Czech Republic under
existing legislation, the bill met with opposition from the right wing
Civic Democratic Party.
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