Archive: Business | Transport Transport
Business News
In Business News: Prague bourse sees trading drop in face of worries over
new economic downturn; Czech Railways weighs the controversial purchase of
16 new trains at the cost of five billion crowns; leading commercial
vehicle manufacturer DAF acquires a 19-percent stake in Tatra trucks;
sources report that at least two firms have applied to launch exploratory
operations in search of new shale gas reserves. More
Business News
In Business News this week: foreign investment in the Czech Republic rises
to pre-crisis levels; the country’s grey economy amounts to 565 billion
crowns; the Transport Ministry plans to raise road toll by 25 pct next
year; decrease of new cars’ prices in the Czech Republic are among
fastest in Europe; debts of Czech household keep rising and are more
difficult to collect; and the famed Czech distiller Rudolf Jelínek is
moving its headquarters to Holland. More
Czech Airlines Pilots Association announces go-slow protest against redundancies to start Monday
The state-controlled carrier ČSA handed out earlier this week a first
round of notices to some of its pilots – a step that the airline’s
management says is in line with its government-approved restructuring plan.
However, the Czech Airlines Pilots Association does not agree with the
layoffs, and has announced a go-slow protest to kick off on Monday. More
No agreement yet by coalition on new VAT rate or spending cuts
A meeting between government coalition leaders on Monday failed to produce
conclusive results on how the government will offset falling tax revenues.
But two variants, narrowed down, are on the table: to introduce new
spending cuts at most government ministries as well as in some social
benefits to bring the public finance deficit down to 3.5 percent of GDP in
2012. Or, alternatively, to raise the VAT to a uniform 19 percent (with
minimal exemptions on books, medicines, newspapers & magazines). More
D1 highway to undergo massive reconstruction in coming decade
This Tuesday marks the 40th anniversary of the opening of the first section
of the Czech Republic's busiest highway, the D1. However, the road - which
sees scores of fatal accidents every year - is in a poor state of repair
and will have to undergo massive reconstruction over the coming decade. As
the D1 is the country's main East-West motorway, diverting traffic in that
period will cause huge logistical headaches, and serious safety risks. I
discussed the problems that lie ahead with road safety expert Robert
Šťastný. More
Business News
In today’s business news: The Czech antimonopoly watchdog launches a
probe into the controversial Promopro contract, industrial production in
the Czech Republic has grown by 15.2 percent year-on-year, the average cost
of purchasing a vehicle continues to drop, former president Václav Havel
features in new ad campaign for the used car dealer AAA Auto, and the
Karlovy Vary airport will get a new departure hall. More
Business News
In this week’s business news: Finance Minister Miroslav Kalousek has
presented three different options for state budget cuts, the Labor Ministry
has announced a tender for the new welfare payment cards, direct flights
between Prague and Abu Dhabi will be launched in September, for the third
time this year, a Czech travel agency files for bankruptcy, and a Czech
daily writes that Vietnamese small business owners are often blackmailed
into paying protection money. More
Business News
In today’s business news: Czech Railways has released an estimate of the
damages that the strike caused the company, Prague’s taxi drivers and
hotel owners benefit from the transport strike, the metallurgical company
ArcelorMittal Ostrava sees profits of 758 million Czech crowns, the Finance
Ministry has halted its administrative proceedings against the betting
giant Sazka and the Manpower Employment Outlook Survey predicts an increase
of employment opportunities by 3 percent in the next quarter. More
Business News
Economic growth exceeds expectations; exports up by 30% in 2010; Škoda
Auto enjoys high sales in May; inflation speeds up to 2.0; Wizzair boosts
Brno airport traffic with a new route to Eindhoven. More
Prague Airport receives prestigious international award
Prague’s Ruzyně airport has received the International Air Transport
Association’s (IATA) prestigious Eagle Award in recognition of the
airport’s outstanding achievements in areas such as customer satisfaction
and transparency. This is the first time that an airport from the former
Eastern bloc has received this prize. Michaela Latrínová, the spokeswoman
for Prague Airport, speaks about the prize and what it means for Prague
airport. More
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