Archive: Business | Business Business

Business News

03-10-2008 15:52 | Daniela Lazarová

Photo: CTK In the week’s business news: the Czech government goes out of its way to reassure the public that the Czech economy will not be directly threatened by the global economic crisis, although a fall in growth is expected. A leading Czech glass maker axes two big companies, putting 1,800 people out of work, and 700,000 households are bracing for a steep rise in rents next year.   More

Business News

05-09-2008 16:36 | Ian Willoughby

In Business News this week: the main Czech trades union body is threatening protests over changes to the labour law – and demanding a pay increase of at least 8 percent; Czech Airlines post a loss but the firm’s chief says things are looking positive; Prague Airport invests in property in order to make itself more attractive to potential buyers when it is privatised; Czech Television is faced with a big bill after failing to pay tax on license fees; and a mobile operator ups the price of its iPhones to prevent foreigners buying them up for resale in their own countries.   More

Dominator fails to dominate

12-08-2008 16:04 | Dominik Jůn

Photo: http://foto.dominator.cz It isn’t an unusual practice: a well-known sports celebrity sets up a line of sports clothing. From a marketing perspective, the idea seems perfect: capitalize on the name-recognition of said sportsperson and either open a bar, sports-shop or even set up a line of clothing. Dominik Hašek, former ice-hockey legendary goalkeeper did the latter. But now it seems that his business venture has hit some bumps in the road. DJ reports:   More

Business News

08-08-2008 11:31 | Ian Willoughby

In Business News this week: the Czech National Bank lowers the key interest rate by one-quarter percentage point to 3.5%; some large exporters are considering pegging employees’ bonuses to the euro; the Prague Stock Exchange goes on sale; prices of consumer electronics in the Czech Republic were second lowest in the EU in 2007; and with the Czech market becoming saturated, shopping centre developers are looking east.   More

Government calm over record-breaking Czech crown

21-07-2008 16:06 | Jan Richter

In the course of the last 12 months the Czech crown has strengthened by a staggering 22 percent, becoming the fastest appreciating currency in the world. While exporters warn that the super-strong crown will inevitably slow down economic growth, the government sees no threat in the current exchange rate.   More

Business News

11-07-2008 15:05 | Dominik Jůn

In this week’s Business News, the planned US radar base in the Czech Republic will apparently use Czech power and be built with the help of Czech companies; new statistics from the Czech Labour Ministry reveal that a record number of foreigners came to work in the Czech Republic; Koh-i-Noor Hardmuth, a pencil and stationary company in the Czech Republic has announced plans to close down its České Budějovice production plant after 160 years; a leading Czech consumer advocacy group called SOS has warned shoppers to be wary of a misleading practice increasingly used by many Czech retailers and the Czech energy giant ČEZ has caused controversy by promoting nuclear power in a children’s magazine published by the company.   More

Strong crown sees Czech companies adopt Euro instead.

03-07-2008 15:17 | Dominik Jůn

Photo: European Commission The Czech Republic’s official road to adopting the Euro is a long and winding one. While politicians argue over the pros and cons of embracing the pan-European currency, it seems that Czech businesses, motivated by an increasingly strong crown have already made up their minds. Battling against an increasingly strong crown, many companies that export beyond the country’s borders are instead choosing to do their business in Euros. The reasoning is simple – countries importing Czech goods, are assured a better deal with a weaker currency like the Euro. Dominik Jun spoke to economist Tomáš Sedláček about this issue and began by asking him why the switch made sense to Czech businesses:   More

Ice cream making in the suburbs of Brno

03-07-2008 14:39 | Rosie Johnston

What should you do when the heat, the dust, and the stuffiness of the capital all gets too much? Well, for this week’s Panorama, I left Prague in a bid to make my own ice cream. But before you start thinking that I swapped Prague for Pisa, or Palermo or Perugia, well, stop. My journey took me much less far afield. To the outskirts of Brno, to be precise.   More

Czech shopping mall boom looks set to continue

05-06-2008 16:50 | Ian Willoughby

Palladium The Czech Republic has seen a massive increase in the number of shopping malls in recent years, with around 60 of them dotted around the country. Rare a decade ago, large shopping centres are now part of the everyday lives of millions of Czechs. And while the number of malls keeps on growing, some major retailers are also making inroads into the corner shop market.   More

Business News

30-05-2008 17:24 | Dominik Jůn

This week in Business News: The government is to support Škoda producing regions, Czech Airlines struggles with high fuel costs, Czechs are starting to shop for cheaper groceries in Germany, household debt growing faster than savings and gas prices are set to skyrocket next year.   More

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