Archive: Business | Industry Industry
Business News
In Business news this week: Czech public debt is the second smallest in the
EU but the gap widens between the country’s GDP and EU average; Škoda
Auto seeks factories to produce its new SUV model; government plans to cap
salaries of state-owned firms; Czech Post suspends deliveries to Syria; and
a new study predicts how many medals Czech athletes will win at London
Olympics. More
Business News
In Business News this week: Czech economy contracts less than previously
expected in the first quarter of this year, with more new jobs in May;
lawmakers end the monopoly of Czech Post; new study finds how much dropping
education standards cost the economy; a coal war breaks out between Czech
billionaires; and a new glassworks opens in Světlá nad Sázavou. More
Support for human rights hurts Czech business in China, says manager of Czech firm in Kunming
One of the Czech companies which successfully launched an operation in
China is the machine tool producer TOS Varnsdorf. In 2006, the firm
invested some 2.5 million euro to form a joint venture company TOS Kunming.
In this edition of Marketplace, the firm’s financial director Stanislav
Linc talks about doing business in China, hiring Chinese employees, and how
the Czech government supports Czech businesses in that country. More
Business News
The manufacturing sector hits its lowest point in three years; the
government approves legislation banning anonymous bearer shares; the
Finance Ministry expects the public finance deficit to drop to 3% GDP this
year; new law on emission fees ratified; the Czech Republic’s
international competitiveness slips for the third year. More
Head of government energy commission: Share of nuclear power in Czech Republic’s energy mix should grow to about 50 percent
Václav Pačes, the head of a government-appointed energy commission, has
presented his suggestions for the future energy policy of the Czech
Republic. Among them is an increase in the share of nuclear power in the
country’s energy mix of to up to 50 percent over the next few decades. We
spoke to Chris Johnstone, who has been covering the Czech energy market
extensively for many years, about the significance of Mr Pačes’s
proposals, the future of nuclear power and some of the challenges that lie
ahead. More
Constitutional Court upholds solar tax
The Czech Constitutional Court has upheld the government’s tax on solar
power, introduced retroactively last year in an effort to cool the solar
boom in the country. Photovoltaic firms complain the tax damages their
business while foreign investors into the business are threatening to
initiate international arbitrations against the country. But the court said
their interests cannot be superimposed over those of Czech citizens. More
Business News
In this week’s business news: the Greek ambassador to the Czech Republic
has said that Greece must remain in Eurozone, the daily Lidové noviny
writes that ČEZ may loose up to ten billion Czech crowns due to
investments into Albania’s power grid, Russia’s oil delivery to Czech
Republic is likely to fall short of target in May, the Finance Ministry is
selling state bonds, and Czech Railways expands its fleet. More
Business News
The procurement market sank by 100 billion in 2011; the production of
passenger cars hits a record; farmers prepare for blockades; the Finance
Ministry forecasts nearly three percent growth for 2015; the Central bank
keeps interest rate at record low.
More
Business News
The Czech Republic wins arbitration case against British BCD over toxic
cleanup; Tyres producer Mitas opens first plant in the USA; Škoda Auto
raised first quarter profit by 11.8%; Energy Regulatory Office to halt
support for new renewable energy sources; Czech claims on other countries
total 22.35 billion
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
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