Archive: Business | Business Business

Final decision on huge Czech Hyundai plant imminent

12-01-2006 14:16 | Lyle Frink

Hyundai A final decision is expected to be announced shortly on a huge foreign investment to the Czech Republic. A Czech delegation is on its way back from South Korea, where it has been finalizing details on plans for a major Hyundai assembly plant with an annual capacity of 300,000 cars. The Korean car-maker seems almost certain to choose this country, and several sites in the eastern part of the Czech Republic have been prepared. David Vaughan spoke to auto journalist Lyle Frink about the project and asked him what's at stake.   More

Record figures for state investment agency in 2005

10-01-2006 14:37 | Ian Willoughby

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.   More

Jeremy Rifkin: Czechs can help build the new 'European Dream'

10-01-2006 13:43 | David Vaughan

Jeremy Rifkin 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.   More

Otto Jelinek - Czech Republic's new International Coordinator for Economic Activities

05-01-2006 13:59 | Dita Asiedu

Otto Jelinek, photo: CTK 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.   More

Business News

23-12-2005 14:17 | Ian Willoughby

Photo: European Commission 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.   More

Busines briefs

25-11-2005 13:14 | Brian Kenety

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   More

Business briefs

21-10-2005 14:38 | Brian Kenety

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   More

Business briefs

07-10-2005 14:48 | Brian Kenety

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'   More

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