Archive: Business | Business Business
Record figures for state investment agency in 2005
The state agency for attracting investment, CzechInvest, had some positive
news on Monday: last year the agency secured a record number of
investments, worth a total of over three billion US dollars. And if a deal
to build a huge Hyundai car plant to Moravia comes to fruition, this year
could be even better.
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Jeremy Rifkin: Czechs can help build the new 'European Dream'
Jeremy Rifkin is one of the most controversial American academics. The
economist, philosopher, university professor and writer has published 17
books on the impact of scientific and technological changes on the
economy, and has also been an advisor to many European politicians,
including the former EU Commission president, Romano Prodi. David Vaughan
caught up with him when he came to Prague towards the end of last year to
plug the Czech edition of his newest book The European Dream - how
Europe's vision of the future is quietly eclipsing the American Dream.
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Otto Jelinek - Czech Republic's new International Coordinator for Economic Activities
The Czech Republic currently has several institutions that promote it
abroad. CzechInvest and CzechTrade, for example, focus on business and
economics. CzechTourism is self-explanatory, and the country's numerous
Czech Centres around the world mainly concentrate on culture. But the work
of these agencies has never been co-ordinated. Until now that is. On
Wednesday the government announced that Czech-Canadian Otto Jelinek is to
become the country's first International Co-ordinator for Economic
Activities.
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Business News
In Business News: the National Bank governor warns the government's
spending programme for 2006 could jeopardise plans to introduce the euro
in 2010; the cabinet rejects an opposition plan to cut bureaucracy for
small companies; employers will have to pay the first two weeks' sick pay;
the Czech IT market grows by a tenth in 2005; and while over 5 percent of
Czechs have broadband internet, plans for free WiFi in Prague meet
opposition.
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Busines briefs
Former Prime Minister Gross, Trade Minister Urban asked to testify before
Parliament on Unipetrol privatisation; CTS Corporation of the US to invest
$22m in new electronic components plant in Ostrava region; German retailer
Edeka may exit Czech Republic, denies plans to sell its Polish, Austrian
and Danish outlets; Police bust illegal alcohol production and
distribution network; CNB, financial associations object to Parliament
provision in bankruptcy bill compensating holders of anonymous accounts;
Health Minister Rath wants Parliament to investigate alleged links between
Civic Democrats and 'unfavourable' deals with insurer VZP
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Business briefs
Ceska Sporitelna predicts 2013 Czech entry into eurozone; Initial
compromise reached with health insurance companies; Czech Republic has
among the highest perceived levels of corruption in the EU; Group of Civic
Democrats file criminal complaint over Unipetrol deal; Paroubek says France
may be willing to relax labour market restrictions on Czechs; COI imposes
record fine on Ahold supermarket chian
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Business briefs
Czech Republic records highest ever budget surplus; Czech farmers opposed
to selling their land to make way for Hyundai car plant; Czech Airlines
lost 464 million crowns in first half of 2005; Norway's Telenor to exit
the Czech and Slovak markets; OMV purchase of Aral filling stations
confirmed; Half of Czech corporate R&D financed by foreign
companies-UNCTAD; Imports of foreign wine up 28 pct y/y - local industry
in 'crisis'
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