Archive: Business | Finance Finance
Farmers announce protests over plans to slash diesel tax rebates and new wine tax
The Czech Republic will see another round of protests against the
government’s austerity measures. Agriculture industry leaders on
Wednesday announced they would block roads and slow traffic in protest of
plans to cancel tax rebates on diesel for agricultural firms, and a planned
introduction of a tax on wine. More
Business News
The government approves the final draft of the state financial statement;
problems with EU funding could increase the state budget by nearly 33
billion; the Finance Ministry is set to issue household bonds pegged to the
inflation rate; Czech arms manufacturers can now compete for US tenders;
Czechs are drinking less beer than ever before. More
Domestic vintners outraged over planned introduction of wine tax
In its ongoing effort to find ways of lowering the state budget deficit,
the Czech government has announced that it is planning to introduce a new
tax on wine. The country’s winemakers are enraged and believe that this
step will lower the competitiveness of domestic vintners, while giving
foreign producers an edge on the Czech market. More
Foreigners no longer big players in Prague’s property market
After years of growth, the real estate market in the Czech capital has seen
a slow but steady decline, with decreasing prices and many more new
listings having turned Prague property into a buyer’s market. One factor
behind the change is waning interest from foreigners to invest into real
estate in the Czech capital. However, some parts of Prague have become more
attractive for Czechs and foreigners alike, while others remain popular
primarily with foreign clients. More
Business News
In Business News this week: the government approves a far-reaching fiscal
consolidation plan to reduce the state budget deficit, a drop in deliveries
of Russian crude oil to the Czech Republic triggers speculation of a plan
to up the price and Škoda Auto posts record sales. More
Ahold CEO Jan van Dam on soaring egg prices, expired foodstuffs and the (un)changing taste of Czech customers
Czech supermarket chains have taken a lot of criticism recently over a
series of issues. They are being blamed for the soaring price of eggs, and
they have found themselves under increased scrutiny from food inspectors
for selling poor-quality and even expired foodstuffs. With the hike in VAT
rates and plummeting consumer trust, it seems that 2012 is set to be a
tough time for the big retailers. Radio Prague spoke to Jan van Dam the CEO
of Ahold Czech Republic which runs one of the biggest supermarket chains in
the country, and asked him whether Ahold was cashing in on the soaring
price of eggs ahead of Easter. More
Business News
In this week’s business news: The Czech Republics foreign debt has
reached 1.873 trillion crowns, a survey finds Czech salaries are above the
international average, a shortage of white eggs is likely to hit the
country over Easter, the popularity of specialty brews is on the rise and
Prague’s Four Seasons hotel goes on sale. 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.
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Eggs in short supply following new EU directive on laying hen welfare
In the Czech Republic, egg prices have increased sharply in recent weeks as
a result of a new EU directive that strives to improve conditions in laying
hen farms. Since many farmers have failed to implement the new regulations
in time, eggs are now in short supply in some countries. Some Czech
consumers have even started buying large quantities in neighboring Germany.
How will the situation develop ahead of Easter? More
Business News
In this week’s business news: Czech banks are getting ready to sign off
on what could be the largest-ever club deal, negotiations between Škoda
Auto management and unions continue, the Czech Agrarian Chamber’s
president has said that egg prices will stabilize, the cost of fuel has hit
a record high and the American coffee retailer Starbucks has opened its
first Czech branch outside of Prague.
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