Archive: Business | Employment Employment
Business News
In Business News: new figures show GDP growth in 2006 was 6.1 percent,
equalling the record set the previous year; the average monthly wage has
passed the 20,000 crown mark; unemployment is at its lowest level in eight
years; Czech Airlines makes a smaller loss than expected; Czech Railways
sees a slight increase in passenger numbers; the road tolling system could
be intensified considerably, says the transport minister: and Skoda reveal
the newest version of their popular Fabia.
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Business News
In Business News this week: energy giant CEZ posts profits of more than a
billion euro; Skoda Auto also enjoys record profits; the number of foreign
tourists visiting the country has dropped in most areas, and Czech
employees are wasting millions of work hours playing computer games.
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Business News
Among the stories in this week's business news, T-Mobile apologises to
800,000 customers after a database glitch leaves them incommunicado, CEZ
says the recent hurricane caused 100 million crowns' worth of damage,
Unipetrol sells Kaucuk to Poland's Dwory, and CzechInvest and CzechTrade
are to merge.
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Business News
CSA's financial plans revealed. Losses at the Checkout. Ceske Drahy agrees to wage hike. UPC-Karneval merger approved. State debt grows. Czechs Leaders in SMS Giving.
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Self-employed welcome new EU services directive with mixed feelings
After some three years of lengthy negotiations, an important EU directive
liberalising Europe's vast services sector has finally been approved by
the European Parliament. It aims to boost competition, by making it easier
for a plumber or architect, for example, to set up shop in another EU
state. In the Czech Republic, the self-employed have met the directive
with mixed feelings. They welcome the fact that they will no longer have
to be based or registered in the country they want to operate in. But the
downside is that they will have to respect the laws and regulations of
that country and not of their country of origin. Dita Asiedu spoke to
economist and EU regulation specialist Petr Zahradnik and asked him about
the directive's advantages and disadvantages for the Czech entrepreneur:
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Business News
In Business News: the European Commission warns that the aging population
will have a considerable impact on Czech GDP growth; the anti-monopoly
office hands down the highest ever fine to a state body, after the Labour
Ministry awards a contract without a tender; Czech mortgage and
home-building savings loans increase ten times in seven years; sales of
second-hand cars rise by over 20 percent; and the diplomats may be at
loggerheads but trade between the Czech Republic and Cuba rises
considerably.
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Business News
Prague court dismisses CSOB's complaint against Japanese bank Nomura. Wireless internet in Prague awaits EU decision. Komercni banka's owner to expand into Slovakia. Czech market attracts more foreigners. Prague 13th most favorable European location for business.
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Business News
In Business News: average monthly wages grow by 6.9 percent - 3.9 percent
in real terms; the government approves a steep rise in excise duty on
tobacco products; tens of thousands of Ukrainian workers are taking the
opportunity to legalise their status and escape the influence of criminal
middlemen, says the country's ambassador; sales of downloads slow a
continuing fall in overall music sales; the BBC changes its licence and
gets to stay on the Czech airwaves; and Eurotel is now operating under the
name O2.
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Business News
In Business News: the number of applicants per job stands at 5.2, the
lowest figure for eight years; the country's biggest steelworks is to let
1,000 workers go, with more redundancies likely to follow; domestic
car-production was up a phenomenal 85 percent year-on-year in the first
quarter of 2006; the average size of apartments which received planning
permission in May was a full 25 percent bigger than the year before; and
Czech bookmakers report June was their best month ever, thanks to the
World Cup.
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Business News
In Business News: the minimum wage is to increase slightly from July;
Czechs are spending less on household insurance relative to earnings;
Plzensky Prazdroj is to invest heavily into its brewing technology; lower
VAT on coffee, tea and chocolate takes effect on July 15.
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