Archive: Business | Industry Industry

Radioactive Waste Depository Authority launches multi-million-crown incentive to win over municipalities for possible nuclear waste sites

21-02-2012 17:17 | Sarah Borufka

Illustrative photo While the Czech Republic relies on nuclear power for some 30 percent of its total energy supply, the Radioactive Waste Depository Authority is facing difficulties in finding new locations for depositing nuclear waste. As an incentive for municipalities to agree to geological research on their territory, the state-run authority is now offering mayors millions of crowns. Sarah Borufka has the details.  More

Business News

17-02-2012 16:19 | Dominik Jůn

In this week's Business News, the Czech Republic sees a fall in truck production; household spending stagnates; January sees inflation up again; social security finds itself in the red for three years in a row and supermarkets are caught re-labelling out-of-date food.  More

PM tells European-bound Czech exporters to look further afield

07-02-2012 17:10 | Daniela Lazarová

The Czech government on Monday unveiled a new export strategy that is to help Czech exporters find new, fast-developing markets. The move aims to boost the country’s economic stability amidst concerns over the deepening debt crisis in the euro zone.  More

Car manufacturers in Czech Republic to roll out new mid-priced vehicles in 2012

18-01-2012 16:18 | Jan Velinger

Škoda Rapid Despite gloomy news and grim forecasts almost all around these days one sector of the economy - namely the automotive industry – is in top gear. In 2011, two out of three manufacturers – Hyundai and Škoda Auto exceeded previous expectations, and while TPCA suffered a drop in production, all three together produced a record 1,186,000 vehicles. And they are gearing up for an equally good year in 2012, reading to launch mid-priced new or revamped models aimed at both the domestic market and markets abroad.  More

Business News

13-01-2012 15:47 | Sarah Borufka

In today’s business news: Consumer prices have risen by 4.7 percent following a VAT hike, the American Anheuser-Bush purchases the Budějovický měšťanský brewery in hopes of improving its chances in an ongoing trademark dispute, public health insurer VZP may see a budget deficit of up to three billion Czech crowns in 2012, regular and diesel fuel reach record prices, and the forecast for the Czech construction sector for 2012 is the worst among the Visegrad Four.  More

Business News

06-01-2012 15:34 | Sarah Borufka

In this week’s business news: An increase of the lower category VAT has gone into effect, Czech online discount sites see steep increases in sales, hard liquor consumption is on the decline, Škoda Auto has sold a record number of cars in 2011, and the Czech Agriculture and Food Inspection Authority says that 15 percent of food products it inspected in 2011 failed to meet its quality standards.  More

Bureaucratic goof could cost country billions of crowns

28-12-2011 16:11 | Daniela Lazarová

What appears to be gross bureaucratic incompetence may cost the Czech Republic billions of crowns. The country’s belated bid to become a party in the ongoing criminal case against the former managers of the Czech mining firm Mostecká uhelná, involving billions of crowns now frozen in Swiss bank accounts - has been thrown out by a Swiss court, leaving the Czechs out in the cold.  More

Business News

09-12-2011 16:20 | Christian Falvey

Economy grows by 1.2% in 3Q; criminal liability for companies passes parliament; fifty billion crowns in deals for Czech and Russian businesses; inflation accelerates to 2.5%; construction continues decline.  More

Business News

02-12-2011 16:56 | Jan Richter

In Business News this week: the Czech Finance Minister warns of disastrous consequences the fall of the euro would have for Czech economy; Czech banks pass new stress tests but Moody’s downgrades their outlook to ‘negative’; Westinghouse signs cooperation deal with Vítkovice engineering firm; Škoda Auto announces plans to develop a new SUV model; and Nová Paka in eastern Bohemia is named the Czech town for business.  More

Business News

25-11-2011 16:10 | Pavla Horáková

In business news today: household energy prices to grow in coming months; buys share in Hungary’s Bónus Brigád; Czech Post expects rise in profit compared to 2011; Construction sector expects crisis to deepen.  More



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