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In Business News: A Russian consortium is reportedly the most likely to win
an upcoming tender on the expansion of the Temelín nuclear power plant;
sources report an uptick in Russian FDI; Czech Railways announces the aim
to sell off property worth 90 million crowns; the first Škoda Citigo – a
new small vehicle intended for zipping in-and-out of city traffic –rolls
off the assembly line; and, the transport minister proposes a new fee for
vanity licence plates. More
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In this week’s business news: Czech GDP growth slows in the second
quarter of 2011, the Prime Minister admits that raising the lower VAT rate
to 19 percent in 2012 is a possibility, Student Agency’s RegioJet
launches its ticket sales for the Prague-Ostrava route, Škoda Auto saw a
sales growth of 18.3 percent in the first eight months of 2011
year-on-year, and the Czech Republic slips two notches in the WEF Global
Competitiveness Report. More
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Economic growth exceeds expectations; exports up by 30% in 2010; Škoda
Auto enjoys high sales in May; inflation speeds up to 2.0; Wizzair boosts
Brno airport traffic with a new route to Eindhoven. More
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In this week’s Business News: the Czech Republic’s industrial output
outpaces the EU average; Czech car manufacturer Škoda achieves a historic
sales record; one in three German investors would no longer choose the
Czech Republic as a place for investments today; the CEO of a troubled
lottery company offers a cash reward for information on persons behind a
prank; and the Czech restaurants’ association protests the
discontinuation of tax incentives for meal tickets. More
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