Topic Archive Business

Business News

27-04-2012 16:11 | Christian Falvey

Photo: Mitas 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

Czech firms reluctant to partake in foreign aid projects

25-04-2012 | Jan Richter

Věra Venclíková The Czech Republic spends around 430 million crowns a year on foreign aid, financing various development projects in Bosnia and Herzegovina, Ethiopia, Moldova, Mongolia and other countries. The government is increasingly trying to involve Czech firms and businesses in the process so that they find a foothold on local markets where they could continue doing business even after the government-sponsored projects finish. But Věra Venclíková, the head of the Czech Business Platform for Foreign Cooperation says that getting Czech firms interested is no easy job.  More

Business News

20-04-2012 15:59 | Christian Falvey

The government approves the final draft of the state financial statement; problems with EU funding could increase the state budget by nearly 33 billion; the Finance Ministry is set to issue household bonds pegged to the inflation rate; Czech arms manufacturers can now compete for US tenders; Czechs are drinking less beer than ever before.  More

Domestic vintners outraged over planned introduction of wine tax

18-04-2012 16:09 | Sarah Borufka

Photo: CTK In its ongoing effort to find ways of lowering the state budget deficit, the Czech government has announced that it is planning to introduce a new tax on wine. The country’s winemakers are enraged and believe that this step will lower the competitiveness of domestic vintners, while giving foreign producers an edge on the Czech market.  More

Foreigners no longer big players in Prague’s property market

18-04-2012 | Jan Richter

Photo: Jiří Němec After years of growth, the real estate market in the Czech capital has seen a slow but steady decline, with decreasing prices and many more new listings having turned Prague property into a buyer’s market. One factor behind the change is waning interest from foreigners to invest into real estate in the Czech capital. However, some parts of Prague have become more attractive for Czechs and foreigners alike, while others remain popular primarily with foreign clients.  More

Business News

13-04-2012 14:28 | Daniela Lazarová

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

Prague's farmers markets: A success story

11-04-2012 13:34 | Sarah Borufka

In this edition of Marketplace, we go to an actual outdoor market. We braved the cold Easter weather this past Saturday and visited one of the city’s popular farmers markets, on Prague’s Jiřího z Poděbrad square.  More

Business News

06-04-2012 15:57 | Jan Richter

In Business News this week: Czech industrial production speeds up; most Czech companies want to hire employees as contractors; Saturday shifts at Škoda Auto end over labour dispute, the North American brewing giant Molson Coors buys Staropramen; and Prague’s Ruzyně airport marks 75 years since the first landing.   More

Ahold CEO Jan van Dam on soaring egg prices, expired foodstuffs and the (un)changing taste of Czech customers

04-04-2012 | Jan Richter

Jan van Dam Czech supermarket chains have taken a lot of criticism recently over a series of issues. They are being blamed for the soaring price of eggs, and they have found themselves under increased scrutiny from food inspectors for selling poor-quality and even expired foodstuffs. With the hike in VAT rates and plummeting consumer trust, it seems that 2012 is set to be a tough time for the big retailers. Radio Prague spoke to Jan van Dam the CEO of Ahold Czech Republic which runs one of the biggest supermarket chains in the country, and asked him whether Ahold was cashing in on the soaring price of eggs ahead of Easter.  More

Business News

30-03-2012 16:12 | Sarah Borufka

In this week’s business news: The Czech Republics foreign debt has reached 1.873 trillion crowns, a survey finds Czech salaries are above the international average, a shortage of white eggs is likely to hit the country over Easter, the popularity of specialty brews is on the rise and Prague’s Four Seasons hotel goes on sale.  More

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