Archive: Business | Business Business

Can Islamic banking help boost Czech exports?

30-05-2012 16:18 | Jan Richter

Photo: Czech Television A good deal of the ongoing economic and financial turmoil on world markets has been blamed on the unscrupulous practices of the international banking and financial sector. Islamic banking, on the other hand, is seen as a fairer and more balanced alternative which has been much less affected by the crisis. Can the Czech Republic benefit from a financial system based on the Islamic law? And can Islamic banking help boost Czech exports into Muslim countries? These are some of the issues debated at an international conference on Islamic banking held in Prague.  More

Business News

18-05-2012 10:50 | Jan Velinger

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

07-05-2012 16:30 | Chris Johnstone

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

25-04-2012 | Jan Richter

Věra Venclíková 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

06-04-2012 15:57 | Jan Richter

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

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

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