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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
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
Business NewsBusiness News
In this week’s Business News: government parties agree on pension reform
formula; start-up bank lays out expansion plans; state brewery bucks export
handover; ČEZ bundles into Slovakia; and bosses boosted over workplace
computer abuse. More
Current AffairsCourt decision leaves Budějovický Budvar winners in EU trademark battle
The Czech brewer Budějovický Budvar scored a major victory on
Thursday when the top European Court ruled that global rival Anheuser-Busch
InBev could not register the Budweiser name as a EU-wide trademark. The
decision brought to an end a 14-year-long legal dispute, meaning that
Budějovický Budvar will not have to fear that its own trademarks in 19
European countries could be challenged. In Great Britain the Budweiser
name, for example, is used both by Budvar and Anheuser-Busch, but in
Germany only Budvar has rights to the brand.
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Business NewsBusiness News
In this week’s Business News: a big win for Budweiser - the Czech one,
that is; the new labour minister wants to toughen up on non-EU workers; the
state forestry company sees big profits for the first half of 2010; ČEZ
finally wants done with its Chvaletice power plant; and the antimonopoly
office owes interest to Shell for imposing illegitimate fines.
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Business NewsBusiness News
In Business News this week: first half budget figures offer some relief,
gas sector competition steps up, lower sales but higher profits for state
brewer, milk automats go mobile, and motorcycle taxi service stalled at
start.
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Business NewsBusiness News
In Business News this week: foreign investment eases; complications hit
Budvar sale preparations; bankruptcies hit a five year high; the auto
sector earns less for more; and the Finance Ministry sees no role for film
perks.
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Business NewsBusiness News
In Business News this week: the Central Bank says it may cut interest rates
further, the Czech Republic’s fourth biggest beer producer Budějovický
Budvar is bringing out an 11 percent brew and hobby markets in the Czech
Republic are doing good business despite the crisis.
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