In Business News this week: Czech farmers expect bumper harvest this year; Škoda seeks to boost sales of Fabia on local market; number of Russian tourists drops by 15 percent this year; Less Mess Storage acquires three storage facilities in Czech Republic; and local distilleries expect good season this year. More
Car production in the Czech Republic grew annually by 12.2 percent in the first three quarters of the year, according to figures released by the country’s Automotive Industry Association on Wednesday. In total, over 936,000 vehicles were produced; over 60 percent of them were made by Škoda Auto, followed by Hyundai with 25 percent and TPCA with 15 percent. Škoda Auto increased production in the first three quarters of the year by an annual 21.6 percent. Analysts say car production could reach record levels this year if all major carmakers maintain their production pace.
In Business News this week: Unemployment falls in September; investments in environment protection go up by 5 percent; more than 60,000 Czechs bet in Eurojackpot; car sales jump by 18 percent; and Czech online retailers register record sales in 2014. More
In Business News: The National bank board at its regular meeting indicated all signs point to further improvement of the Czech economy; Trade Inspection Authority hands second-hand car giant AAA daughter company Mototechna Group 2.5 million crown fine; *New generation of Superbs to be unveiled in Geneva next March; Chelsea goalie buys sports marketing firm, according to daily. More
The all-new Škoda Fabia supermini made its world debut at the Paris Motor Show on Thursday. The latest Fabia model offers a younger, sportier look, a spacier interior, new steering and suspension technology, engines shared with the current Volkswagen Polo and a number of safety and communication elements that have so far been available only in higher-class cars. More
In Business News this week: Škoda set to limit investment in India, Czech foodstuffs the sixth cheapest in the EU; Petr Kellner remains the richest Czech, biogas energy production exceeds solar plant production; Czech exports expected to reach record 3.6 billion crowns: More
In Business News this week: Czech central bank predicts labour market improvement; Czech Republic increasingly attractive for international manufacturers; car production up by 11 pct between January and September; railway operator ČD Cargo doubles profit but loses market share; and developer Orco leaves Prague stock exchange. More
The car manufacturer Škoda will resume its production in Russia on Monday, the daily Lidové noviny writes on Thursday. The car manufacturer suspended production in two of its plants, in Kaluga and Nizhny Novgorod, on the 8th of September. Despite the ongoing crisis in Ukraine, which has had a negative impact on the automotive industry in Russia, Škoda’s share in the Russian market in July increased from 3.1 to 4.2 percent on an annual basis.
The car manufacturer Škoda Auto sold over 36,000 vehicles in Europe last month, and moved from tenth to ninth place of the best-selling brands on the continent, according to figures by the European Automobile Manufacturers Association released on Wednesday. Compared to the same month last year, Škoda’s sales increased by 21 percent, giving the carmaker a record 5.2 percent market share.. Škoda’s Czech sales however only grew by 7 percent in August year on year.
Czech nuclear power plant Temelín should not be threatened by a possible interruption of nuclear fuel supplies from Russia due to the on-going conflict in Ukraine, says ČEZ Chief Executive Daniel Beneš. Mr Beneš, who visited the plant on Thursday along with Deputy Prime Minister Pavel Bělobrádek, says the plant’s fuel reserves should last for a year. The deputy Prime Minister has been holding talks with the plant’s operator ČEZ about deepening science and research links with the energy sector.