Archive: Business | Business Business
Government officials at odds over country’s export strategy
Two Czech ministers have clashed over how the government should support the
country’s exports. Foreign Minister Karel Schwarzenberg, whose office has
put a lot of effort into promoting Czech businesses abroad, dismissed a new
export strategy designed by the Industry and Trade Ministry. In spite of
the squabbles, however, the government’s support for exporters is bearing
fruit: Czech exports have reached record levels and are a major driving
force behind the Czech economic recovery. More
Business News
In this week’s Business News: the Czech Republic finds itself in a
recession; women are earning a quarter less then their Czech counterparts;
bankruptcy declaration reach a four year high; computer sales are set to
soar in 2012 and a new law is giving the government the muscle to tackle
shady employment practices. More
The Czech Republic investigates the impact of Poland's "saltgate"
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
Czech lighting producer Preciosa aims to expand on US, Russian markets
A leading Czech producer of lighting products, Preciosa Lighting, aims to
expand its position in the United States. The firm with a centuries-old
glass making tradition has now opened a permanent showroom in Dallas,
Texas, a must for everyone who’s anyone in the industry, says Preciosa
Lighting’s sales director Petra Macháčková. Radio Prague talked to Ms
Macháčková about her company’s plans. More
PM tells European-bound Czech exporters to look further afield
The Czech government on Monday unveiled a new export strategy that is to
help Czech exporters find new, fast-developing markets. The move aims to
boost the country’s economic stability amidst concerns over the deepening
debt crisis in the euro zone. More
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
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