Topic Archive Business

Czech shareholders ripped off by Kožený could gain from sale of Aspen chalet

15-05-2012 15:38 | Jan Velinger

Czech shareholders who lost millions of crowns to controversial businessman Viktor Kožený in the 1990s, have a strong chance of getting back partial compensation. There is a new possibility that the equivalent of around half a billion crowns gained from the sale of Mr Kožený’s Aspen chalet in the US, could be transferred to the Czech Republic. Shareholders have 10 days in which to file a formal request.  More

Business News

11-05-2012 12:07 | Sarah Borufka

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

09-05-2012 16:37 | Jan Richter

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

07-05-2012 16:30 | Chris Johnstone

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

04-05-2012 16:03 | Christian Falvey

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

03-05-2012 16:35 | Jan Richter

Photo: Tomáš Adamec 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

01-05-2012 02:01 | Jan Richter

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

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

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