Car production in the Czech Republic is likely to reach a record 1.2 million in 2014, according to the head of the country’s Automotive Industry Association Antonín Šípek. The production of cars over the past ten months has grown by nearly 12 percent compared to the same period last year, to 1.047 million. The country’s biggest car maker Škoda Auto increased its production by 5 percent to more than 600,000 cars. The current record for car production is 1.195 million, registered in 2011.
Electric cars have been slow to take off in the Czech Republic. But they now appear to be on a much faster track with energy companies and now top car manufacturer Škoda Auto taking specific steps to put hybrids and full blown electric cars on the roads. More
In Business: Czech financial institutions revise down their economic growth forecasts for this year, the government favours nuclear and coal power in its long-term energy plan, the forex interventions launched by the Czech National Bank last year have attracted more foreign visitors to the Czech Republic and the largest Czech hotel – Hilton Prague - has been put up for sale. More
Two reactors at the Dukovany nuclear power plant have been temporarily shut down due to a leaking water pipe, a spokesman for the plant said on Wednesday. The problem, which appeared in one of the facility’s three cooling water supply systems on Monday, has not put the plant’s security at risk, the spokesman said. It is not clear when the blocks will be reactivated. The two other reactors at the Dukovany plant remain in use.
The minister of industry and trade, Jan Mládek, says the government wants to push through a long-term energy plan based on nuclear and coal power. Speaking on a TV discussion show on Sunday, Mr. Mládek said the cabinet did not want to go down the route of gas-fuelled power stations or the large scale support of renewable resources. The minister said brown coal was an important source of power that ought to be used while respecting mining limits. The government is due to discuss the energy plan before the end of the year.
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