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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
Current AffairsNew yellow trains take on king of the rails
It was an historic day for commuters Monday as the first RegioJet train
rolled on to the tracks, the first ever challenge to the state-owned Czech
Railways. Though the brand new RegioJet has only three trains, travellers
from Prague to Ostrava or vice versa now have a choice of services for the
first time, and it looks like the competition is going to get interesting. More
Business NewsBusiness News
In this week’s business news: Czech GDP growth slows in the second
quarter of 2011, the Prime Minister admits that raising the lower VAT rate
to 19 percent in 2012 is a possibility, Student Agency’s RegioJet
launches its ticket sales for the Prague-Ostrava route, Škoda Auto saw a
sales growth of 18.3 percent in the first eight months of 2011
year-on-year, and the Czech Republic slips two notches in the WEF Global
Competitiveness Report. More
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