Czech fisheries are gearing up for the annual Christmas carp sales around the country, when sales of home-bred carp go through the roof due to the traditional Czech Christmas dinner of fried carp and potato salad. Although carp makes up for close to 90 percent of the fresh water fish bred in the Czech Republic many Czechs only ever eat it once a year- the rest is sold abroad.
The Japanese company Asahi Group Holdings is to buy the Czech brewery Plzeňský Prazdroj from SABMiller, Reuters reported on Tuesday. Plzeňský Prazdroj, which makes the famous Pilsner Urquell lager, is changing hands as part of a EUR 7.3 billion deal that also includes a number of other breweries in the Central and Eastern Europe region. Asahi reportedly outbid PPF, the investment firm of Czech tycoon Petr Kellner, and other contenders. The European Commission made the sale a condition for agreeing to SABMiller’s acquisition by Anheuser-Busch InBev.
Consumer prices in November increased by 0.3 percent compared to the previous month, the Czech Statistics Office reported on Friday. This development was primarily due to a rise in the prices of food and non-alcoholic beverages. The year-on-year growth in consumer prices amounted to 1.5 percent, i.e. 0.7 percentage points up on October and the most since June 2013. Analysts ascribe the higher than expected growth to the introduction of the law on electronic cash registers ahead of which many entrepreneurs increased prices to make up for the extra expenditures. Analysts predict that inflation may thus reach the Czech National Bank’s target of 2 percent in the first months of 2017.
From the start of next month stricter new rules governing which foods can be sold as “Czech” come into force. The country’s supermarket chains are already calculating what percentage of the items on their shelves will be listed as locally produced – and their number could fall significantly, iHned.cz reported.
About 640,000 Czechs over 15 drink alcohol in a risky way and may be addicted, according to a report on the use of drugs in 2015 submitted to the government on Wednesday. About 12.5 percent of Czechs (19 percent of men and 6 percent of women) drink alcohol regularly or even daily. According to the report, completed by the National Monitoring Centre for Drugs and Addiction, there were nearly 47,000 problem users of pervitin, heroin and other illegal drugs in the country in 2015.
Consumption of beer dropped last year by about half a pint a week, according to the data by the Public Opinion Research Centre, released on Wednesday. The weekly consumption of beer dropped to 7.7 pints among men and 2.2 pints among women. In a long-term, beer consumption among Czech men has been gradually dropping, while consumption among women has been going up slightly. According to the data by the Czech Beer and Malt Association, Czechs are still leading in consumption of beer in the world with 143 litres a year per person.
The PPF group of the richest Czech Petr Kellner is on the shortlist to bid for Plzeňský Prazdroj and other brewery assets of SABMiller in Central Europe according ot Reuters. Other companies featuring on the list are Japanese brewery Asahi, the Swiss investment group Jacobs Holding and investment companies Bain Capital and Advent. The sale off has been sparked by the planned acquisition of SABMiller by Anheuser-Busch InBev with asset sales demanded by the European Commission as a price for the deal to proceed.
Two Czech billionaires have teamed up in an effort to buy the country’s top brewery, Plzeňský Prazdroj, according to Hospodářské noviny. The country’s wealthiest man, Petr Kellner, and Pavel Tykač, fifth on the rich list, want to get their hands on the Pilsner Urquell-producer and other regional breweries being sold off by SABMiller.
The state run forestry company Lesy ČR has seen net profits tumble by around 30 percent to around 4.0 billion crowns this year. Company managers have blamed the steep drop on lower timber prices. They also say they have been forced to fell poor quality trees because of the ever present danger of bark beetle infestation. The state company owns around half the forests in the country. Last year it announced net profit of 5.4 billion crowns with a record 6.8 billion made in 2014.