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Current AffairsMarket caught by surprise as foreign trade surplus hits record high for June
The Czech Republic posted a foreign trade deficit of 7.8 billion crowns in
the first of half of 2004. One year on, economic data released on Monday
has shown a dramatic turnaround, with this country now boasting a foreign
trade surplus of 38 billion crowns in the first six months of this year.
The markets were expecting good news, but the record high figure for the
month of June caught analysts by surprise. Brian Kenety has more. More
Business NewsBusiness News
This week we bring you mixed news from the Czech Republic on the euro;
property owners complain to Strasbourg over rent regulation; the Czech
Republic plans to increase foreign aid; the deputy prime minister proposes
a package of radical economic reforms, and the finance minister locks horns
with the Czech banking sector
More
Business NewsToyota-PSA plant officially online, gearing up for car-per-minuteproduction
Car manufacturers say that a combination of falling demand, especially in
Europe, the ever-weakening US dollar, and rising material costs are
cutting into savings. The French cars group PSA Peugeot Citroen, seeking
out lower production costs, three years ago teamed up with Toyota of
Japan, an industry leader in terms of efficiency. Their newly opened TPCA
plant, in Kolin, the Czech Republic, officially went online this week. To
find out why this joint-venture producing small cars — which should
eventually make 300,000 cars a year — is already making such big
headlines, we spoke with Lyle Frink, the Central European correspondent
for Automotive News Europe, who was at the starting line. More
Business NewsBusiness briefs
Former Finance Minister off to prison; Minimum Social benefits to be cut in
2006; Prague richest 'region' in 'new Europe'; World Bank predicts less
inflationary pressure for 2005; Beer union asks AgMin to axe Budvar ad
campaign; TCPA to begin production at Kolin this month; Germany's Aral to
quit check market
More
Business NewsBusiness briefs
Budget deficit for 2005 to reach nearly 84bn; Justice Ministry to review
hundreds of 'rigged bankruptcies'; Toyota plant in Kolin short of 2,000
workers; U.S.-EU duty spat spells trouble for Czech glassmakers; Record
number of foreigners visited the Czech Republic this year
More
