Archive: Business | Business Business
Business News
In Business News: the Czech economy contracts by 1.0 percent in the 1Q, the
second-worst result among 19 EU states; the country’s ombudsman slams the
government’s social system reforms, saying they have left thousands on
the brink of poverty; the price of Czech garlic is set to go up; Czechs are
budgeting more carefully and buying less when shopping in supermarkets than
in previous years. More
Botanicus co-founder Dana Hradecká: planting the seeds of success
The Botanicus chain of stores offering herbal soaps, extracts and
delicacies is a Czech, and growing international, success story. Most
tourists will have probably bought something from one of their outlets in
the country. The small business was founded in the early 1990’s after the
restitution of a family farm around 40 kilometres north-east of Prague.
That has become the centre for the business and a tourist attraction with
more than 50,000 visitors a year. One of the firm’s co-founders Dana
Hradecká explained the roots of the original inspiration for the business. More
Czech firms reluctant to partake in foreign aid projects
The Czech Republic spends around 430 million crowns a year on foreign aid,
financing various development projects in Bosnia and Herzegovina, Ethiopia,
Moldova, Mongolia and other countries. The government is increasingly
trying to involve Czech firms and businesses in the process so that they
find a foothold on local markets where they could continue doing business
even after the government-sponsored projects finish. But Věra
Venclíková, the head of the Czech Business Platform for Foreign
Cooperation says that getting Czech firms interested is no easy job. More
Business News
In Business News this week: Czech industrial production speeds up; most
Czech companies want to hire employees as contractors; Saturday shifts at
Škoda Auto end over labour dispute, the North American brewing giant
Molson Coors buys Staropramen; and Prague’s Ruzyně airport marks 75
years since the first landing.
More
Business News
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
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
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