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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
Business NewsBusiness News
In Business News this week: the economy slows down suggesting even bleaker
outlooks; the Czech crown loses its lustre for investors; Czech banks lose
billions in the Greek debt crisis; President Klaus vetoes a bill
introducing criminal liability for corporations; firms increasingly
introduce loyalty programmes to keep customers; and Czech Post will launch
“great parcel revolution”. More
Current AffairsFinance ministry considers crisis measures after economic growth projected at just one percent
Gloomy growth predictions across Europe have led the Czech Finance Ministry
to revise its growth forecast for 2012 downward to at best 1 percent – a
dip that will leave the government at least 18 billion crowns in the hole.
Already a number of crisis scenarios are being drawn up to counter the drop
in revenues. For many Czechs, already forced to tighten their belts under
government reforms, it will mean even tougher times ahead. 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
Business NewsBusiness News
In business news this week: the government approves the 2012 draft budget
amidst concerns over revised economic growth predictions, wages rose by an
average 2.5 percent in the second quarter while the jobless rate remains
essentially unchanged at 8.2 percent. 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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