Archive: Business | Business Business
Business News
In today’s business news: The head of the Erste Group predicts an
economic revival in the Czech Republic for the second half of 2012, foreign
direct investment into the country has reached 2.5 trillion Czech crowns
since 1993, carrier Czech Connect Airlines has filed for bankruptcy, a
SANEP poll finds that the majority of Czechs think the country’s
billionaires are corrupt, and food inspectors have confiscated 2.5 tons of
spring rolls containing mice droppings. More
Business News
In this week’s business news: An increase of the lower category VAT has
gone into effect, Czech online discount sites see steep increases in sales,
hard liquor consumption is on the decline, Škoda Auto has sold a record
number of cars in 2011, and the Czech Agriculture and Food Inspection
Authority says that 15 percent of food products it inspected in 2011 failed
to meet its quality standards. More
Business News
In Business news this week: Czech crown falls to its lowest to the dollar
since July 2010; Česká spořitelna withdraws from legal battle over
bankrupt lottery firm Sazka; Czech foreign debt reaches 49 percent of GDP;
sales of alcoholic beverages took another slump this year; and Czech
Republic’s Vietnamese community launches its own discount website. More
Survey suggests a fifth of Czech companies will introduce layoffs in 2012
For many people 2012 promises to be a tough year or at least one of big
changes: a new survey by the Czech Chamber of Commerce has suggested that
every fifth company in the Czech Republic is planning layoffs in reaction
to the slowing economy – some letting go hundreds, while others will cuts
jobs for dozens of employees. More
Business News
In business news today: household energy prices to grow in coming months;
Slevomat.cz buys share in Hungary’s Bónus Brigád; Czech Post expects
rise in profit compared to 2011; Construction sector expects crisis to
deepen. More
Business News
In Business News this week: the economy slows down suggesting even bleaker
outlooks; the Czech crown loses its lustre for investors; Czech banks lose
billions in the Greek debt crisis; President Klaus vetoes a bill
introducing criminal liability for corporations; firms increasingly
introduce loyalty programmes to keep customers; and Czech Post will launch
“great parcel revolution”. More
Business News
The prime minister wants a referendum if the euro is to be adopted; a new
natural gas line opens to the north; passenger car production up; the
government shells out 11.7 billion on operation of renewable energy
sources; and Czech Television stops advertising. More
Business News
In Business News: A Russian consortium is reportedly the most likely to win
an upcoming tender on the expansion of the Temelín nuclear power plant;
sources report an uptick in Russian FDI; Czech Railways announces the aim
to sell off property worth 90 million crowns; the first Škoda Citigo – a
new small vehicle intended for zipping in-and-out of city traffic –rolls
off the assembly line; and, the transport minister proposes a new fee for
vanity licence plates. More
ČEZ general director suddenly quits
Investors, politicians and the public were taken aback on Wednesday by the
news that Martin Roman, the 42-year-old general manager of power company
ČEZ, was stepping down, also leaving the company’s board of directors.
Mr Roman leaves his post after seven years reportedly of his own
initiative, and will be taking up a position on the company’s supervisory
board. Shares in ČEZ teetered slightly on Thursday with the announcement,
and word that the new ČEZ chief would be second in command Daniel Beneš.
Meanwhile, analysts have gone into high gear assessing what the change of
management might mean for the largest public utility company in Central
Europe. That was the question we put to financial journalist Chris
Johnstone of Czech Position. More
Business News
In this week’s business news: the government moves to shift the burden
from direct to indirect taxation, Standard & Poor’s raises Czech
sovereign ratings, Trade and Industry Ministry statistics reveal a drop in
FDI and the Czech Mint reports a surge of interest in investment gold. More
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