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In Business news this week: Czech crown falls to its lowest to the dollar
since July 2010; Česká spořitelna withdraws from legal battle over
bankrupt lottery firm Sazka; Czech foreign debt reaches 49 percent of GDP;
sales of alcoholic beverages took another slump this year; and Czech
Republic’s Vietnamese community launches its own discount website. More
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The new kid on the rails is already looking further afield; Česká
spořitelna sues to cancel Sazka tender, unsuccessfully; the government
approves ambitious competitiveness strategy for 2012 to 2020; foreign debt
rises by 32.2 billion; 15 years of GDP revised to account for drugs,
prostitution. More
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Reuters says Czech ministries want free emissions vouchers for power
producers; economy grew by 2.4% in the last quarter; the court approves the
sale of Sazka by tender; woeful 2Q results for ČEZ; and the central bank
says the country will have met the conditions for adopting the euro next
year. More
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In today’s business news: A debate on tax reform has been postponed due
to a dispute over flat expense deductions between the prime minister and
the finance minister, the bankrupt betting giant Sazka is to be sold in a
public tender, grocery chains launch online discount coupons, the Czech
Tourism agency announces a campaign targeting gay and lesbian travelers,
and an American journal finds that Czech banknotes have some of the
world’s highest levels of a potentially dangerous chemical. More
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In today’s business news: Czech Railways has released an estimate of the
damages that the strike caused the company, Prague’s taxi drivers and
hotel owners benefit from the transport strike, the metallurgical company
ArcelorMittal Ostrava sees profits of 758 million Czech crowns, the Finance
Ministry has halted its administrative proceedings against the betting
giant Sazka and the Manpower Employment Outlook Survey predicts an increase
of employment opportunities by 3 percent in the next quarter. More
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