Archive: Business | Industry Industry
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
Planned university reform seeks to improve cooperation with industry
Czech universities are set for the biggest change in years. After several
failed attempts in the past, the Education Ministry is finalizing reform
legislation that should help universities adapt to the changing
environment; the reform seeks, among other things, to diversify the
universities and change their financing. It should also improve cooperation
between universities and industry. But how does the business sector see the
ministry’s efforts? In this edition of Marketplace, I discuss these
issues with Jan Louda, a university relations coordinator at IBM for Czech
Republic. 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
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
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
Business News
In this week’s Business News: Czech wine producers have begun raising
prices; the majority of Czechs are far from optimistic with regards to the
country’s economy; Prague’s Václav Havel Airport will offer flights to
fewer destinations this summer season; unions and automaker TPCA have not
found common ground on a collective bargaining agreement. More
Business News
Two mobile service providers will introduce first 4G networks in the Czech
Republic; ČEZ and Czech Coal strike a major deal worth CZK 200 billion;
Tesco is facing a possible fine over horsemeat; European Commission has
begun reviewing the tax evasion case against the Czech government;
Opposition Social Democrats say they will introduce higher taxes; Famous
sportsmen invest in solar energy. More
Škoda hopes for another year of record sales in 2013
The car manufacturer Škoda Auto has seen another year of record sales and
growing revenues. In 2012, the German-owned, Czech based car producer sold
nearly 940,000 cars world wide, mainly thanks to its expansion in China,
Russia, and India. And the manufacturer hopes to set a new sales record
this year, despite an expected slowdown in the first six months. I spoke to
analyst Jiří Šimara from the Brno-based brokerage firm Cyrrus about
Škoda’s performance in 2012. More
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