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Business News
In Business News this week: power giant ČEZ sees its net profits rise by
almost 50 percent; Czech agriculture shows record profits thanks to EU
subsidies and higher prices; CzechTrade mediates CZK 3 billion worth of
exports; after four years in the red Czech Airlines makes a profit; and a
quarter of inspections of chain store outlets last year uncovered
shortcomings.
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Czech Pilsner beer cheaper in Germany
The Czech Republic has long been world famous for its plentiful choice of
quality beer. Indeed, beer is famously often cheaper than mineral water.
However, Czechs may be surprised to find that one of their most popular
beers can actually be bought for less in neighbouring Germany.
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Business News
In Business News this week: Czech retail sales rise by almost 7 percent; is
the disappearance of 100 million litres of milk due to illegal smuggling?;
Czech drinks maker Rudolf Jelínek buys a fruit brandies plant in Chile;
Czech wind power stations more than double their output; and CSA comes
first among 26 European airlines in terms of punctuality of departures.
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Czech bee population decimated by parasite
Czech bee colonies have been stung by a warmer-than-usual winter. The balmy
temperatures in the Czech Republic over the last couple of months have
provided an ideal breeding ground for a parasite which has been wreaking
havoc on the country’s bee population. Experts predict that up to half
of
the Czech Republic’s bees could have been wiped out. More
Olomoucké tvarůžky will not receive protected status from EU for time being
Olomoucké tvarůžky – famous yellow cheeses produced in the Olomouc
region in the Czech Republic – are instantly recognisable for their odour
and gummy texture: they are most definitely an acquired taste. But they are
also a product of which many Czechs are justifiably proud. Since 2004,
representatives have sought EU protection recognising the tvarůžky as a
distinct local specialty, something which is not going to happen, at least
not yet.
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Business News
In Business News this week: the Czech Republic has posted record trade
surplus in 2007; shopping space in the country is expected to expand by 50
percent; Czechs want to include Olomoucké tvarůžky on EU’s list of
protected foods; a pint of Pilsner Urquell beer is cheaper in Germany than
in the Czech Republic and Czech soft-drinks producer has launched a
sugar-free version of Kofola.
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New Pilsner Urquell guidebook ranks top establishments
It’s something of a Czech tradition: fans of Czech beer Plzeňský
Prazdroj (Pilsner Urquell) debating which pubs have the best Pilsner on
tap. Now the debate may see a little “closure”. On Monday the famous
brewer launched a flashy new guidebook ranking the best Pilsner-serving
establishments. Interestingly, the book is based on rankings not by
professional critics but by regular pub-goers. More
Business News
In Business News this week: state-owned brewer Budvar will probably not be
privatised during the term of the current government, says the minister of
agriculture; top managers at ČEZ are set to take home phenomenal amounts
under a share option incentive scheme; with a rise in the number of
second-hand autos imported, some are suggesting the Czech Republic is
Europe’s car graveyard; ČT24 will soon begin broadcasts from the Prague
Stock Exchange; and the Czech makers of a hit computer game are bought
out by a US firm. More
Business News
In this week’s Business New: the Czech Republic to receive more funds
from the EU; Home Credit starts off in China; Czech Railways plan record
renovation; Czech food prices to go up in 2008; and CEZ Hungarian deal
causes controversy.
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Business News
In Business News this week: energy giant CEZ buys a 7% share in Hungary’s
MOL and raises its profit estimate by 1.2 billion crowns; Czech Airlines
agrees to sell its catering business; Skoda Auto wins Exporter of the Year
award; Starbucks is coming to the Czech Republic in early 2008; and Czech
beer output is set to finally cross the 20 million hectolitre mark.
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