Archive: Business | Industry Industry
Business News
In Business News this week: the Finance Ministry revises its growth
prediction for the Czech economy upwards; the government delays a sale of
international bonds because of uncertainty in the wake of the Greek debt
crisis; Škoda Auto sees its profits increase by over 500 percent in the
first quarter; agribusiness tycoon Andrej Babiš says the EU is destroying
the Czech food industry; and Czechs spend twice as much of their income on
booze and tobacco products as the average EU citizen.
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Business News
In this week’s Business News: US real estate giant eyes Czech expansion;
surveys show slowdown in warehouse and shopping developments; bed maker
Linet seeks to crack US market; Plzeňský Prazdroj drops clean beer
campaign; and betting chains combat match fixing.
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Anti-corruption watchdog backs referenda to brake councils’ plans to steamroller through solar power projects
A Czech anti-corruption watchdog is helping citizens at several sites
around the county to prepare referenda for or against plans for massive
solar power plants. It is taking the unusual step because it says local
politicians are riding roughshod over their wishes and curbing democratic
discussion to get a share of the huge amounts of cash at stake.
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Business News
In Business News this week: troubled developer Orco raises cash and
hackles; Czech coke producer rides high on soaring prices; betting lobby
loses battle with opponents; Hyundai workers promised hefty pay rise; and
main political parties eye windfall from sale of ČEZ shares.
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Business News
In Business News this week: unemployment retreats from the feared 10
percent mark; Czech state debt hits a record level; power giant ČEZ says
it will shift its investment strategy; a controversial power plant is
poised for approval; and financial advisors face a hard sell.
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Business News
In this week’s Business News: business confidence slips in March; Prague
airport advances hub ambitions; eBay seeks to sell in Czech; car makers on
same results track; and exchange plans represent gain for Czech capital.
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Small planes manufacturer Evektor unveils sleek but tough 10-seater
Moravian small planes manufacturer Evektor, based near Zlin, has reason to
celebrate: on Wednesday the firm – which specialises in two-seat aircraft
– rolled out its first larger passenger plane in 40 years. The sleek EV
55 Outback, is designed for extreme conditions (hence the name) and is
expected to go into commercial production in roughly three years’ time.
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Škoda Auto steers through challenging market conditions in 2009
The Czech Republic’s biggest car maker, Škoda Auto, has just announced
mixed results for last year. Car sales hit a new record high, but turnover
was down and profit dropped by around two-thirds compared with the year
before. This year also looks like being a big challenge.
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Business News
In this week’s Business News: Czechs shun shops for non-essential buys;
lawmakers vote to curb solar power boom; Czech Railways pledges revamp of
passenger carriages; banks seek loans guarantee from Tatra; and ČSOB share
sale reportedly delayed.
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Business News
In Business News this week: recession fears banished by surprise
statistics; Czech vehicle production rises in 2009; Volkswagen seeks to
curb Škoda competition; foreign investment falls, but less than regional
average; and Czech recording company makes Scottish buy
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