Archive: Business | Agriculture Agriculture
Business News
In this week’s Business News: Growth, albeit anaemic, for next year;
massive rail tunnel project hits finance buffers; energy rivals look to
swapping assets rather than insults; Czech trams ready for Washington DC,
and regional aid offer to stop spilt milk.
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Business News
In this week’s Business News: a warning from Brussels over public
finances; price rises become passé; a new owner to swallow Staropramen;
CSA pilots hold out against restructuring; and all fuelled up over power
policy.
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Business News
In Business News this week: Orco fails to convince creditors; a sigh of
relief for tax dodgers; Hyundai officially opens its Czech plant amid more
closure news from other foreign owners; and farmers resort to direct sales
to beat the supermarkets.
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Business News
In this week’s Business News: the slippery budget deficit; a David and
Goliath fight over dividends; developing woes at Orco; boosting local
cigarette production; and a novel call for performance related pay.
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Czech tuzemák rum goes on sale in Canada
Forget Becherovka or even slivovice, it’s Czech rum – tuzemák –
which is the biggest selling spirit in this country. Despite its popularity
here, however, the drink remains virtually unknown abroad. Now though, one
south Bohemian distillery has started selling its product in North America
and is hoping that Canadians will develop a taste for tuzemák as well.
Earlier today, I spoke to Tomáš Petrů from the Fruko-Schulz distillery,
and started by asking him what the difference was between tuzemák and
better-known rums from the Caribbean:
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Business News
In this week’s Business News: the ad spending slide hits Nova profits;
one sole order for Staropramen; bad loans provisions hit Česká
Spořitelna; ČEZ powers up in Germany; and Czechs lose taste for pork
products.
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Angry farmers halt national highway traffic over milk prices
Czech dairy farmers took to the highways Monday morning to bring the
nation’s traffic to a snail’s pace for two hours. Protesting the
critically low purchase price of milk - and what they see as a lack of
political will to do anything about it – nearly 2,000 dairy farmers
overran 20 highways in seven regions. It was the second protest in as many
months, aimed at forcing what the farmers’ say is a desperate situation
into the public eye.
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Czech agricultural chamber complains of foreign land grab
A worldwide grab for land is underway by rich and populous countries like
Saudi Arabia and China. In the Czech Republic, agricultural land is also
being snapped up. Whereas buyers used to be mainly Dutch and German
farmers, now Western investment companies are also getting in on the act.
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Business News
In Business News this week: speculation soars over Staropramen bid;
emissions handout sparks controversy; Czech financial sector gets positive
health check; and Aero Vodochody profits take off. More
Business 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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