Section Archive Marketplace
Large Czech milk farms ideally suit our needs, says owner of Gran Moravia cheese factory
The small Moravian town of Litovel is home to the world’s largest hard
cheese factory. Since 1996 when the Italian company Orrero set up its
production there, its Gran Moravia cheese has been conquering markets in
around the world. Today, the Litovel cheese plant produces around 6,000
tonnes of the parmesan-type cheese, a great majority of which is sold in
Italy. In this edition of Marketplace, we talk to the owner of the Orrero
company, Roberto Brazzale who says parmesan is not the right name for its
flagship product. More
New study looks at what Czech multi-millionaires are like
The typical Czech dollar millionaire is a man in his late 40s who runs his
own company, is concerned about corruption and doesn’t show off his
wealth. He does not take big risks with his money which he mostly spends on
himself and his family. These are some of the results of the J&T
Bank’s Wealth Report for 2012, a new survey of multimillionaires in the
Czech Republic and Slovakia. In this edition of Marketplace, we talk to one
of the authors of the study, Jaroslav Cír from the research firm Perfect
Crowd. More
Support for human rights hurts Czech business in China, says manager of Czech firm in Kunming
One of the Czech companies which successfully launched an operation in
China is the machine tool producer TOS Varnsdorf. In 2006, the firm
invested some 2.5 million euro to form a joint venture company TOS Kunming.
In this edition of Marketplace, the firm’s financial director Stanislav
Linc talks about doing business in China, hiring Chinese employees, and how
the Czech government supports Czech businesses in that country. More
Can Islamic banking help boost Czech exports?
A good deal of the ongoing economic and financial turmoil on world markets
has been blamed on the unscrupulous practices of the international banking
and financial sector. Islamic banking, on the other hand, is seen as a
fairer and more balanced alternative which has been much less affected by
the crisis. Can the Czech Republic benefit from a financial system based on
the Islamic law? And can Islamic banking help boost Czech exports into
Muslim countries? These are some of the issues debated at an international
conference on Islamic banking held in Prague. More
CzechTourism boss: rising numbers of Russian tourists reflect change in visa policy
The Czech Republic is becoming more popular with foreign tourists. The
latest figures show that in the first three months of this year, almost 1.3
million tourists visited the country which represents a 13-percent increase
compared to the same period last year. German tourists continue to top the
list of foreign visitors, followed by Russians who are the fastest growing
group. RP discussed the development with Rostislav Vondruška, the head of
the state agency CzechTourism. More
2012 set to be good year for Czech art market
Over the last couple of years, art sales in the Czech Republic have seen a
decline. But this year is different, and it’s not just the record sale of
a František Kupka painting that did the trick. The market now attracts
collectors who are ready to look beyond the well-established segment of
modern art that has topped sales so far. More
Efforts to regulate lobbying won’t achieve much, says lobbyist James de Candole
Czech lawmakers have been consistently criticized for being prone to
lobbying, for instance when it comes to the regulation of gambling,
roadside advertising and smoking in public spaces. As part of its efforts
to clamp down on corruption, the Czech government is now working on a bill
that should regulate lobbying. If approved, this law would define lobbying
and require lobbyists to register. RP discussed the proposed legislation
with James de Candole, a Prague-based consultant and lobbyist, who believes
it will bring no significant improvements. More
Czech firms reluctant to partake in foreign aid projects
The Czech Republic spends around 430 million crowns a year on foreign aid,
financing various development projects in Bosnia and Herzegovina, Ethiopia,
Moldova, Mongolia and other countries. The government is increasingly
trying to involve Czech firms and businesses in the process so that they
find a foothold on local markets where they could continue doing business
even after the government-sponsored projects finish. But Věra
Venclíková, the head of the Czech Business Platform for Foreign
Cooperation says that getting Czech firms interested is no easy job. More
Foreigners no longer big players in Prague’s property market
After years of growth, the real estate market in the Czech capital has seen
a slow but steady decline, with decreasing prices and many more new
listings having turned Prague property into a buyer’s market. One factor
behind the change is waning interest from foreigners to invest into real
estate in the Czech capital. However, some parts of Prague have become more
attractive for Czechs and foreigners alike, while others remain popular
primarily with foreign clients. More
Prague's farmers markets: A success story
In this edition of Marketplace, we go to an actual outdoor market. We
braved the cold Easter weather this past Saturday and visited one of the
city’s popular farmers markets, on Prague’s Jiřího z Poděbrad
square. More
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