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Farmers 'ready' to accept land swap deal at Hyundai site; Czech household
savings rate down 50 percent since 1995; Parliament budget committee
proposes lower penalties for unpaid taxes; Czech exporters say corruption
a far greater problem than terrorism; Fastest growth of 2005 inflation
recorded in October
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Business NewsBusiness briefs
Czech Republic records highest ever budget surplus; Czech farmers opposed
to selling their land to make way for Hyundai car plant; Czech Airlines
lost 464 million crowns in first half of 2005; Norway's Telenor to exit
the Czech and Slovak markets; OMV purchase of Aral filling stations
confirmed; Half of Czech corporate R&D financed by foreign
companies-UNCTAD; Imports of foreign wine up 28 pct y/y - local industry
in 'crisis'
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Hyundai to build $1.2bn car plant in the Czech Republic; Premier Jiri
Paroubek has agreed to set up parliamentary commission on Unipetrol;
Swedish broadcaster MTG buys $115m stake in TV Prima; State to sell 56
percent stake in Severoceske Doly to CEZ for $375m; Retailers Tesco (UK)
and Carrefour (France) agree to asset swap in Taiwan, Czech, Slovak
republics More
Current AffairsCarmaker Hyundai considering huge investment in Czech Republic
Thursday's Czech newspapers are dominated by reports of what could be one
of the biggest investments ever in the Czech Republic, as the South Korean
carmaking giant Hyundai considers putting almost two billion dollars into
a
new plant in Moravia. What's more, that news comes just months over
another
huge foreign-backed car plant opened near Prague. Lyle Frink writes for
Automotive News Europe. I asked him how likely was it that Hyundai would
make this major investment in the Czech Republic. More
Business NewsUp to 95% off: don't believe the hype?
Some New Year's Day sales left consumers holding the bag -- an empty bag,
that is -- with complaints of "false advertising" by superstores
and hypermarkets as precious few of the heavily promoted sales items were
actually in stock. The Czech Commercial Inspectorate has launched a
natiowide investigation and a move to strengthen the consumer protection
law is under consideration. More
Business NewsBusiness Briefs
Trade and Industry Minister Milan Urban supports the idea of CEZ becoming a
Central European giant; the value-added tax on museums, hotels, and
historic sites may be lowered to the 5 percent rate in 2005; and TV Nova
is considering reviving its relationship with its former servicing company
CNTS.
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