Related articles
Business NewsBusiness News
In this week’s business news: Prime Minister Petr Nečas announces
estimated additional cuts of 26 billion crowns to the state budget; a Czech
MEP has praised the country’s refusal to join the fiscal compact; the
Agriculture Minister is set to dismiss the CEO of a state-owned brewery;
the country’s nuclear energy exports reach a record level; and, a poll
finds that the majority of Czechs consider the current economic situation
poor indeed. More
Current AffairsCar manufacturers in Czech Republic to roll out new mid-priced vehicles in 2012
Despite gloomy news and grim forecasts almost all around these days one
sector of the economy - namely the automotive industry – is in top gear.
In 2011, two out of three manufacturers – Hyundai and Škoda Auto exceeded
previous expectations, and while TPCA suffered a drop in production, all
three together produced a record 1,186,000 vehicles. And they are gearing
up for an equally good year in 2012, reading to launch mid-priced new or
revamped models aimed at both the domestic market and markets abroad. More
Business NewsBusiness News
In today’s business news: Consumer prices have risen by 4.7 percent
following a VAT hike, the American Anheuser-Bush purchases the
Budějovický měšťanský brewery in hopes of improving its chances in an
ongoing trademark dispute, public health insurer VZP may see a budget
deficit of up to three billion Czech crowns in 2012, regular and diesel
fuel reach record prices, and the forecast for the Czech construction
sector for 2012 is the worst among the Visegrad Four. More
MagazineMagazine 2011
In Magazine: a bride spends her wedding night in a drunk tank, Czechs
sample cocktails in the form of a snack, a communist councilor turns up the
heat with nude pics and finally – the real golden brew -beer containing
24 carat gold. More
Business NewsBusiness News
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
Business NewsBusiness News
Economy grows by 1.2% in 3Q; criminal liability for companies passes
parliament; fifty billion crowns in deals for Czech and Russian businesses;
inflation accelerates to 2.5%; construction continues decline. More
Current AffairsRussian President Medvedev signs business contracts, opens exhibition at Prague Castle
More than a dozen important bilateral agreements and business deals were on
the agenda of a two-day state visit to Prague by the Russian President
Dmitry Medvedev and his entourage. Bilateral relations were at the
forefront of attention, but topics such as the eurozone’s debt crisis and
the recent parliamentary elections in Russia were also addressed. More
Current AffairsRussian President Medvedev in Prague
Russian President Dmitri Medvedev arrives in Prague on Wednesday at the
invitation of Czech President Václav Klaus. His short visit will entail
primarily meetings with President Klaus, who is often noted for his warm
attitude towards Russia, and later on Thursday with Prime Minister Petr
Nečas. There is plenty on the table for discussion among Czech and Russian
leaders, namely business deals and Russia’s bid for the tender to
complete the Temelín nuclear power plant in South Bohemia. Many of the
milestones in the last decade of Czech-Russian relations however have been
negative, with years of debate over the abandoned American missile defence
plan and a spy scandal two years ago. Christian Falvey spoke with Petr
Kratochvíl, one of the heads of Prague’s Institute of International
Relations and an expert on Russia, who he first asked where relations stand
now. More
+1
+10
