Archive: Business | Finance Finance
Business News
In this week’s Business News: Czechs discuss eurozone support; Škoda
Auto comes under Brussels state aid scrutiny; windfall gains keep Czech
Airlines in profit; Czechs’ purchasing power takes a hit; and Čepro
fuels merger talks. More
Landlords, lawyers say big room for legal improvements as rent deregulation landmark looms
The Czech Republic’s slow and painful steps from regulation to market
regarding for rented flats will take a big step forward at the start of
next year when rent controls end for around 450,000 apartments. Last week
the government proposed accompanying laws rebalancing the relationship
between landlords and tenants. But the former say these don’t go far
enough, and experts are warning that the courts could be swamped by tens of
thousands of cases over rent levels. More
Business News
In this week’s Business News: World Bank releases upbeat growth forecast;
deal nears on refloating Czech shipyard; ministry seeks to raise real
estate taxes; new law for landlords and tenants ahead of expected New Year
clash; and charter flight marriage smacks of shotgun wedding. More
Business News
In this week’s Business News: Czech National Bank says inflation is on
track; working pensioners make significant economic contribution; ČSOB
share floatation drifts further away; tourist numbers and stays up in third
quarter; and Czech brewing dominance comes in for unexpected challenges. More
Solar power companies, lawyers predict fight back against government measures to snuff out photovoltaic power boom
Czech lawmakers have taken a big step to put a lid on the country’s solar
power boom. The lower house has voted through a package of taxes hitting
solar companies and power producers to curb electricity price rises next
year. More
Business News
In this week’s Business News: forecasts concur on higher growth this year
but lower next; steel giants agree peace deal; public finances give out
mixed signals; Agrofert arbitration claim suffers setback; and flying the
flag for Czech food and drink. More
Czech electricity companies face multi-billion crown bill for cushioning the solar power boom
Czech energy companies are in uproar over government moves to cushion the
bill for a solar power boom in the country. Basically, the energy companies
are bearing the brunt of frantic government moves to raise cash so that
inflated electricity prices are not passed onto households and businesses.
The power companies are livid, saying the government has not just moved the
goalposts, it has changed the game. More
Business News
In this week’s Business News: Brewers look to price rises in spite of
consumption slump; Prima to hike ad charges by 10 percent; Škoda Auto
doubles profits on record car sales; banks step up home auctions for
mortgage defaulters; and biomass highlighted as next renewable power
problem. More
Business News
In this week’s Business News: central bank governor sees brighter
economic prospects; betting company Fortuna makes successful market debut;
foreigners own almost 70 percent of top companies and half of Wenceslas
square; and religious sites signposted for tourism growth. More
Business News
In Business News this week: the government moves to reign in solar power
subsidies that threaten huge electricity price rises; the price of ČEZ
shares falls with speculation Temelín completion could be put back; Prague
sets rail deregulation in train; and advertisers target patients in Czech
hospital waiting rooms. More
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