Archive: Business | Business Business

Business News

20-01-2012 15:10 | Sarah Borufka

Andreas Treichl, photo: Erste Bank 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

06-01-2012 15:34 | Sarah Borufka

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

30-12-2011 15:33 | Jan Richter

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

14-12-2011 16:32 | Jan Velinger

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

25-11-2011 16:10 | Pavla Horáková

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

18-11-2011 15:20 | Jan Richter

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

21-10-2011 16:36 | Christian Falvey

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

14-10-2011 15:58 | Jan Velinger

Temelín nuclear power plant 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

15-09-2011 16:20 | Christian Falvey

Martin Roman, photo: CTK 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

26-08-2011 16:09 | Daniela Lazarová

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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