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Business NewsBusiness News
In Business News: The government debt has reached almost 40 percent of the
GDP; unemployment in January rose to 9.1 percent; the Czech state loses an
estimated 25 to 30 billion crowns every a year on account of tax evasion;
union representatives have rejected a 2.5 percent salary bump offered by
car manufacturer Škoda Auto; the sale of winter clothing and apparel –
including winter wear for dogs – has jumped markedly in the cold snap. 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 this week’s business news: An increase of the lower category VAT has
gone into effect, Czech online discount sites see steep increases in sales,
hard liquor consumption is on the decline, Škoda Auto has sold a record
number of cars in 2011, and the Czech Agriculture and Food Inspection
Authority says that 15 percent of food products it inspected in 2011 failed
to meet its quality standards. More
Business NewsBusiness News
In Business News this week: the Czech Finance Minister warns of disastrous
consequences the fall of the euro would have for Czech economy; Czech banks
pass new stress tests but Moody’s downgrades their outlook to
‘negative’; Westinghouse signs cooperation deal with Vítkovice
engineering firm; Škoda Auto announces plans to develop a new SUV model;
and Nová Paka in eastern Bohemia is named the Czech town for business. More
Business NewsBusiness News
The lower house passes the draft state budget for 2012 in a first reading;
the 2011 Czech state budget deficit falls to 91.5 billion crowns in
October; the Czech unemployment rate drops 0.5 percent to 6.6 percent year
on year; the lower house approves restrictions of state support to building
savings; and Škoda Auto reveals price of its new model. More
Current AffairsŠkoda plans to conquer city car market with new Citigo
The Czech carmaker Škoda has unveiled a new model for the much
sought-after city car market – the Citigo. It’s closely modelled on
Volkswagen’s Up – not surprisingly as Škoda is part of the VW group
– and will appear in Czech showrooms at the end of the month, with a
European rollout planned for 2012. More
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