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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
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 AffairsDays numbered for 50 crown banknote
The days of the pale-red 50 crown banknote, featuring the likeness of Saint
Agnes of Bohemia, are numbered. In an aim to cut back on costs, the Czech
National Bank announced the paper 50 would be taken out of circulation by
the spring of 2011. It will be fully replaced by the copper and zinc 50,
which has gradually dominated the bill in recent years. More
Current AffairsCzech economy gets taste of deflation but prices seen returning upward
Prices are falling in the Czech Republic according to the latest official
figures. While that might seem to be a cause for celebration for shoppers
the phenomenon of deflation usually sends a chill down the spine of
economists and politicians. We look at the latest figures and the deflation
danger.
More
Business NewsBusiness News
In this week’s Business News: the rebounding budget proposal; the
ever-strengthening crown; new bosses to pilot Czech Airlines; a sour taste
for a top coffee seller; and a political boost for the ad sector.
More
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