Topic Archive Business
Business News
In Business News: the IMF has advised the Czech government against making
further budget cuts in view of the country’s worse-than-expected economic
development; Finance Minister Miroslav Kalousek has questioned the
financial wisdom of expanding the Temelín nuclear power plant; Czech arms
producer Česká zbrojovka has won a multi-million crown tender to supply
50,000 pistols to the Egyptian interior ministry and the Czech liqueur
maker Rudolf Jelínek posted its first loss since 1998. More
Brewery sues consumer magazine over mycotoxin tests
A Czech brewery is taking the country’s leading consumer magazine to
court over tests which detected high levels of mould in one of its brews.
The Svijany brewery questions the accuracy of the findings, as additional
testing did not find increased levels of mycotoxins in its beer. In an
email leaked to the press, the brewery’s manager also says that
government subsidies for the magazine should be cut. More
Despite depressed economy, international franchisers expand on Czech market
The Czech franchise market registered massive growth last year, with more
international brands looking to expand in the region in the coming months.
At a time of recession and falling household spending, both domestic and
international franchisers say there are good opportunities in the Czech
Republic in terms of labour and real estate costs. More
Police uncover almost one million litres of illegal alcohol
After last year’s methanol affair in the Czech Republic, the police
redoubled efforts in uncovering bootleg liquor. A week ago, it was
confirmed Tuesday, they found three secret sites and uncovered close to one
million litres of undeclared alcohol. Earlier searches at different
warehouses around the country missed the hidden chambers as they were
sealed underground beneath metre-thick concrete. More
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
Czech towns increasingly banning door-to-door sales
Given the growing number of salesmen who abuse the trust of elderly people
in their own homes and force them into highly disadvantageous contracts,
many Czech towns and cities are taking matters into their own hands and
banning door-to-door sales altogether in order to protect their citizens.
While door-to-door salespeople are threatening to take the matter to court,
the inhabitants of these towns have welcomed the move. More
Swiss court begins hearing major Czech privatization case
A Swiss court on Monday began hearing a major Czech privatization case. Six
former managers of the Czech coal company MUS face accusations of money
laundering and other crimes they allegedly committed during the
privatization of the firm in the 1990s. The complicated case has been
running for years, and is also prosecuted in the Czech Republic. More
Corruption universal but corruption tourism unique to Prague, says tour boss Petr Šourek
One of the more colourful news stories out of the Czech Republic last year
concerned Corrupt Tour, which started running excursions – in Czech,
English and German – to sites linked to graft. These include the villas
of dodgy businessmen, Prague City Hall and the spot where the city’s
“Olympic centre” was projected to stand. 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
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