Topic Archive Business
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
Czech firms reluctant to partake in foreign aid projects
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
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
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
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
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
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
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
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
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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