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Business News

20-04-2012 15:59 | Christian Falvey

The government approves the final draft of the state financial statement; problems with EU funding could increase the state budget by nearly 33 billion; the Finance Ministry is set to issue household bonds pegged to the inflation rate; Czech arms manufacturers can now compete for US tenders; Czechs are drinking less beer than ever before.  More

Domestic vintners outraged over planned introduction of wine tax

18-04-2012 16:09 | Sarah Borufka

Photo: CTK In its ongoing effort to find ways of lowering the state budget deficit, the Czech government has announced that it is planning to introduce a new tax on wine. The country’s winemakers are enraged and believe that this step will lower the competitiveness of domestic vintners, while giving foreign producers an edge on the Czech market.  More

Prague's farmers markets: A success story

11-04-2012 13:34 | Sarah Borufka

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

Business News

06-04-2012 15:57 | Jan Richter

In Business News this week: Czech industrial production speeds up; most Czech companies want to hire employees as contractors; Saturday shifts at Škoda Auto end over labour dispute, the North American brewing giant Molson Coors buys Staropramen; and Prague’s Ruzyně airport marks 75 years since the first landing.   More

Ahold CEO Jan van Dam on soaring egg prices, expired foodstuffs and the (un)changing taste of Czech customers

04-04-2012 | Jan Richter

Jan van Dam Czech supermarket chains have taken a lot of criticism recently over a series of issues. They are being blamed for the soaring price of eggs, and they have found themselves under increased scrutiny from food inspectors for selling poor-quality and even expired foodstuffs. With the hike in VAT rates and plummeting consumer trust, it seems that 2012 is set to be a tough time for the big retailers. Radio Prague spoke to Jan van Dam the CEO of Ahold Czech Republic which runs one of the biggest supermarket chains in the country, and asked him whether Ahold was cashing in on the soaring price of eggs ahead of Easter.  More

Business News

30-03-2012 16:12 | Sarah Borufka

In this week’s business news: The Czech Republics foreign debt has reached 1.873 trillion crowns, a survey finds Czech salaries are above the international average, a shortage of white eggs is likely to hit the country over Easter, the popularity of specialty brews is on the rise and Prague’s Four Seasons hotel goes on sale.  More

Eggs in short supply following new EU directive on laying hen welfare

20-03-2012 14:39 | Sarah Borufka

In the Czech Republic, egg prices have increased sharply in recent weeks as a result of a new EU directive that strives to improve conditions in laying hen farms. Since many farmers have failed to implement the new regulations in time, eggs are now in short supply in some countries. Some Czech consumers have even started buying large quantities in neighboring Germany. How will the situation develop ahead of Easter?  More

Business News

16-03-2012 15:14 | Sarah Borufka

In this week’s business news: Czech banks are getting ready to sign off on what could be the largest-ever club deal, negotiations between Škoda Auto management and unions continue, the Czech Agrarian Chamber’s president has said that egg prices will stabilize, the cost of fuel has hit a record high and the American coffee retailer Starbucks has opened its first Czech branch outside of Prague.   More

The Czech Republic investigates the impact of Poland's "saltgate"

08-03-2012 15:09 | Dominik Jůn

Illustrative photo: Ralf Roletschek, CC 3.0 license The Polish media have dubbed it “saltgate” – revelations that at least three Polish companies have been selling industrial salt (normally used to de-ice roads) to milk, fish, meat and bread producers. Several countries to which Poland may have exported potentially contaminated food products have been identified: Lithuania, Ireland, England, Germany and the Czech Republic. This week, the Czech Agriculture Ministry decided to temporarily block the import of salt from Poland, while tests are carried out by the State Veterinary Administration to determine if harmful substances such as dioxins and heavy metals found in road salt have made their way into the food chain. Meanwhile, five people have been arrested in Poland in connection with the affair, while the remaining salt in question has been impounded while the country’s own Chief Sanitary Inspectorate continues its own tests.  More

Business News

24-02-2012 15:56 | Dominik Jůn

In Business News: Fuel prices reach new highs at Czech gas pumps; the Czech crown weakens mid-week; zero-percent growth is projected for the Czech Republic in 2012; food giant Hamé says it will mend its ways.  More

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