Topic Archive Business
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
Business News
In Business News: Industry and Trade Minister confirms that Czech Republic
will try and further expand nuclear energy production; Rusatom Overseas
signs memorandum with potential subcontractors on Temelín; Škoda Auto
sees significant increase in sales in foreign markets; One-third of Czechs
will be unable to save a single crown a month this year, poll suggests; and
Czech nanotechnology firms make mark in Japan.
More
Eggs in short supply following new EU directive on laying hen welfare
In the Czech Republic, egg prices have increased sharply in recent weeks as
a result of a new EU directive that strives to improve conditions in laying
hen farms. Since many farmers have failed to implement the new regulations
in time, eggs are now in short supply in some countries. Some Czech
consumers have even started buying large quantities in neighboring Germany.
How will the situation develop ahead of Easter? More
Business News
In this week’s business news: Czech banks are getting ready to sign off
on what could be the largest-ever club deal, negotiations between Škoda
Auto management and unions continue, the Czech Agrarian Chamber’s
president has said that egg prices will stabilize, the cost of fuel has hit
a record high and the American coffee retailer Starbucks has opened its
first Czech branch outside of Prague.
More
Government officials at odds over country’s export strategy
Two Czech ministers have clashed over how the government should support the
country’s exports. Foreign Minister Karel Schwarzenberg, whose office has
put a lot of effort into promoting Czech businesses abroad, dismissed a new
export strategy designed by the Industry and Trade Ministry. In spite of
the squabbles, however, the government’s support for exporters is bearing
fruit: Czech exports have reached record levels and are a major driving
force behind the Czech economic recovery. More
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