Topic Archive Business
Business News
In this week’s business news: the Greek ambassador to the Czech Republic
has said that Greece must remain in Eurozone, the daily Lidové noviny
writes that ČEZ may loose up to ten billion Czech crowns due to
investments into Albania’s power grid, Russia’s oil delivery to Czech
Republic is likely to fall short of target in May, the Finance Ministry is
selling state bonds, and Czech Railways expands its fleet. More
Efforts to regulate lobbying won’t achieve much, says lobbyist James de Candole
Czech lawmakers have been consistently criticized for being prone to
lobbying, for instance when it comes to the regulation of gambling,
roadside advertising and smoking in public spaces. As part of its efforts
to clamp down on corruption, the Czech government is now working on a bill
that should regulate lobbying. If approved, this law would define lobbying
and require lobbyists to register. RP discussed the proposed legislation
with James de Candole, a Prague-based consultant and lobbyist, who believes
it will bring no significant improvements. More
Botanicus co-founder Dana Hradecká: planting the seeds of success
The Botanicus chain of stores offering herbal soaps, extracts and
delicacies is a Czech, and growing international, success story. Most
tourists will have probably bought something from one of their outlets in
the country. The small business was founded in the early 1990’s after the
restitution of a family farm around 40 kilometres north-east of Prague.
That has become the centre for the business and a tourist attraction with
more than 50,000 visitors a year. One of the firm’s co-founders Dana
Hradecká explained the roots of the original inspiration for the business. More
Business News
The procurement market sank by 100 billion in 2011; the production of
passenger cars hits a record; farmers prepare for blockades; the Finance
Ministry forecasts nearly three percent growth for 2015; the Central bank
keeps interest rate at record low.
More
Farmers announce protests over plans to slash diesel tax rebates and new wine tax
The Czech Republic will see another round of protests against the
government’s austerity measures. Agriculture industry leaders on
Wednesday announced they would block roads and slow traffic in protest of
plans to cancel tax rebates on diesel for agricultural firms, and a planned
introduction of a tax on wine. More
Radio Prague’s great radler tasting special
Czech beer is considered part of national heritage and has long been just
as popular abroad as it has been at home. But over the last several years,
beer consumption in the Czech Republic has been on a slow but steady
decline which prompted all major breweries to look for new ways of
attracting the pampered Czech beer drinker. In our beer special today, we
examine a new hit on the market – low-alcohol fruit beers, or radlers,
put out by three biggest beer producers – Pilsner Urquell, Staropramen,
and Heineken. More
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
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