Archive: Business | Business Business

Business News

23-03-2012 16:03 | Jan Velinger

In Business News: Industry and Trade Minister confirms that Czech Republic will try and further expand nuclear energy production; Rusatom Overseas signs memorandum with potential subcontractors on Temelín; Škoda Auto sees significant increase in sales in foreign markets; One-third of Czechs will be unable to save a single crown a month this year, poll suggests; and Czech nanotechnology firms make mark in Japan.   More

Government officials at odds over country’s export strategy

13-03-2012 16:11 | Jan Richter

Photo: Claus Bunks, CC 3.0 license 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

09-03-2012 16:50 | Dominik Jůn

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"

08-03-2012 15:09 | Dominik Jůn

Illustrative photo: Ralf Roletschek, CC 3.0 license 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

09-02-2012 16:26 | Jan Richter

Salineli 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

07-02-2012 17:10 | Daniela Lazarová

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

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

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