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Business NewsBusiness News
In Business News this week: recession strikes; unemployment stabilises;
hard coal producer announces layoffs; Orco confirms the worst; and the
steady advance of a sunrise industry. More
Current AffairsShocking train fatality figures prompt Czech Railways to launch awareness campaign
Last year, a staggering 230 Czechs died when they were hit by a train,
either at a level crossing or walking across a railway track. That is
compared to some 21 deaths over the same period in Scotland. So far this
year, the figures continue to look bleak; 76 people died between January
and May, leading the country’s rail operator, Czech Railways, to launch
an awareness campaign, showing just how long it takes for a speeding
locomotive to come to a halt. Earlier today I met Czech Railways’ Aleš
Ondrůj and asked him why so many Czechs were dying on the tracks:
More
Business NewsBusiness News
In Business News this week: the IMF predicts a shrinking economy; no date
with the euro for now; fair or foul scrap incentives; the sun rises on
Czech solar power; and why to feel sorry for the car dealer.
More
Business NewsBusiness News
In Business News this week: an extraordinary media intervention by the
national bank; Škoda Auto steps up a gear; Green Cards look less rosy;
another high speed rail link is mooted; a new contender is linked to Czech
Airlines’ sale; and farmland disappears fast from the map.
More
Current AffairsPayment cards increasingly popular with Czechs
It took a while for the trend to catch on but today Czechs are increasingly
using payment or debit cards on a daily basis. According to data released
by the Bank Card Association, nearly every Czech owns a payment card. Their
number increased by nearly 950,000 in the third quarter of this year to 9.8
million, a figure that comes close to the country’s population. I asked
Ivo Měšťánek, of the CSOB bank, about the trend:
More
Business NewsBusiness News
In today's Business News: The Czech National Bank cut interest rates by
half a point to 2.25 percent this week; Prime Minister Mirek Topolánek has
warned against excessive regulation and government intervention during the
current global economic crisis; car maker Škoda Auto will halt car
production on Friday evening for three weeks; the Tatra company, famous for
building trucks and other large vehicles is to begin a series of phased
layoffs totalling 1,400 people by the end of next year; the soft-drink
company Kofola, maker of a cola drink of the same name, has received a 12
million crown fine from the country’s anti-monopoly commission and the
Czech government has approved a programme which binds it to replacing
government cars with more eco-friendly models.
More
Current AffairsCzech companies to cut thousands of jobs
The Czech Republic is now beginning to be more affected by the world
financial crisis. After a number of industrial companies announced cutting
thousands of jobs, the government has, for the first time, admitted taking
action to help the economy.
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