Archive: Business | Finance Finance
Business News
Business news: the Czech economy is in record-long recession, the
government pledges to help farmers, ČEZ launches arbitration proceedings
against Albania and Freedom Tax Day will come two days later this year. More
Business News
In this week’s Business News: The grey economy in the Czech Republic is
estimated to be 16% of the GDP; Average fuel prices have gone done for the
fifth week in a row; The Czech energy company Enrgo-Pro has been fined by
the Bulgarian anti-monopoly agency; Unemployment sees a small decline to
7.7% in April, due to more seasonal positions; A group of international
solar energy investors have filed an arbitration suit against the Czech
Republic; Czech and Poles want to oppose planned EU legislation curbing
cigarette sales. More
End in sight for ‘bearer shares’ – common currency for corrupt businessmen, officials
The Czech Republic has been heavily criticised in recent years for allowing
corruption to flourish – particularly for refusing to abolish anonymous
stock certificates known as bearer shares. Anti-corruption campaigners say
these unregistered paper shares are of great value to corrupt businessmen,
dirty politicians and crooked officials, especially in doling out lucrative
public tenders. Now however, their days are numbered. More
Business News
In Business News this week: European Commission says Czech Republic needs
no further austerity this year; Czech central bank cuts growth forecast for
this and next year; Finance Ministry launches monitor of public finances;
Škoda considers plans to produce utility vans; six Czechs are ranked among
dollar billionaires; and groundbreaking travel firm Student Agency eyes
Prague’s taxi market. More
Poll: majority of Czechs blame foreigners for loss of jobs
A new survey released by the STEM polling agency suggests that Czechs, in
troubled economic times, largely blame foreigners for the loss of jobs.
According to the poll, two-thirds stated there were ‘too many foreigners
in the country’ (there are an estimated 438,000) while 45 percent said
they were against foreigners being hired. Are jobs actually at threat or is
the sentiment xenophobia plain and simple? More
Business News
This week in Business News: The construction sector in the Czech Republic
is expected to restart growth in 2014; Škoda Yeti was voted the most
popular car by British car owners; ČEZ has asked two remaining contenders
in the Temelín expansion deal to submit better offers; Economic confidence
is down in April, after two straight months of improvement; The Federation
of Food and Drink Industries wants to introduce stricter rules on product
labeling; Trade unions and employers reach no agreement on minimum wage
increase. More
Business News
In Business News: The EC proposal to lower the ceiling on business
incentives could severely undercut investment in the country, the Czech
Statistical Office posts the highest Czech current account on record, a
Czech district court passes a breakthrough verdict in a dispute over bank
fees and one in twelve Czechs now have a problem repaying their debts. More
Business News
In the Business News this week: Korean Air completes deal for 44-percent
stake in CŠA; jobless rate falls for first time in nine months, but only
slightly; labour costs in Czech Republic are below half EU average; car
production slows; mobile operators are offering new low monthly prices for
unlimited calls; and forest owners want state compensation for recreational
use of land. More
Top court gives municipalities right to curb gambling
Czech municipalities have been given greater powers in regulating gambling
on their premises. On Thursday the country’s Constitutional Court struck
down legislation that prevented town and city halls from banning lottery
video terminals on their premises until the end of 2014. The judges said
that the provision, which protected terminals licensed by the Finance
Ministry, contradicted communities’ right to self-administration. Jan
Richter spoke to Vladan Brož from the anti-corruption watchdog
Transparency International about the court’s ruling. More
Business News
In Business News this week: government plans to tighten rules for firms
bidding for public contracts; Parliament releases parties’ accounts for
2012; Telefónica considers selling stake in Czech division; new film
incentives programme attracts foreign productions; women’s salaries grow
faster than men’s; and every other Czech would struggle to pay unexpected
expenses of 15,000 crowns. More
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