Topic Archive Business
Business News
Regional Development Ministry says system of drawing EU funds is fixed;
external debt grew by 33.7 billion in first quarter; household indebtedness
grew by 3.6 billion from April to May; Nečas says impacts of EU summit
measures will be limited; Czech National Bank cuts interest rates by
quarter percent. More
Large Czech milk farms ideally suit our needs, says owner of Gran Moravia cheese factory
The small Moravian town of Litovel is home to the world’s largest hard
cheese factory. Since 1996 when the Italian company Orrero set up its
production there, its Gran Moravia cheese has been conquering markets in
around the world. Today, the Litovel cheese plant produces around 6,000
tonnes of the parmesan-type cheese, a great majority of which is sold in
Italy. In this edition of Marketplace, we talk to the owner of the Orrero
company, Roberto Brazzale who says parmesan is not the right name for its
flagship product. More
New study looks at what Czech multi-millionaires are like
The typical Czech dollar millionaire is a man in his late 40s who runs his
own company, is concerned about corruption and doesn’t show off his
wealth. He does not take big risks with his money which he mostly spends on
himself and his family. These are some of the results of the J&T
Bank’s Wealth Report for 2012, a new survey of multimillionaires in the
Czech Republic and Slovakia. In this edition of Marketplace, we talk to one
of the authors of the study, Jaroslav Cír from the research firm Perfect
Crowd. More
Scrapped electronic health records projects could result in international arbitration case
Just a month after the government gave the thumbs down to a costly and
inefficient electronic health project, there are indications that it could
be facing another international arbitration case over the decision. The
minority shareholder in the joint stock company which masterminded the
ill-fated project has stated in no uncertain terms that it considers the
decision illegal and is ready to take the case to court to defend its
interests. More
Business News
In Business news this week: Czech public debt is the second smallest in the
EU but the gap widens between the country’s GDP and EU average; Škoda
Auto seeks factories to produce its new SUV model; government plans to cap
salaries of state-owned firms; Czech Post suspends deliveries to Syria; and
a new study predicts how many medals Czech athletes will win at London
Olympics. More
Business News
In Business News this week: Czech economy contracts less than previously
expected in the first quarter of this year, with more new jobs in May;
lawmakers end the monopoly of Czech Post; new study finds how much dropping
education standards cost the economy; a coal war breaks out between Czech
billionaires; and a new glassworks opens in Světlá nad Sázavou. More
Support for human rights hurts Czech business in China, says manager of Czech firm in Kunming
One of the Czech companies which successfully launched an operation in
China is the machine tool producer TOS Varnsdorf. In 2006, the firm
invested some 2.5 million euro to form a joint venture company TOS Kunming.
In this edition of Marketplace, the firm’s financial director Stanislav
Linc talks about doing business in China, hiring Chinese employees, and how
the Czech government supports Czech businesses in that country. More
Business News
The manufacturing sector hits its lowest point in three years; the
government approves legislation banning anonymous bearer shares; the
Finance Ministry expects the public finance deficit to drop to 3% GDP this
year; new law on emission fees ratified; the Czech Republic’s
international competitiveness slips for the third year. More
Can Islamic banking help boost Czech exports?
A good deal of the ongoing economic and financial turmoil on world markets
has been blamed on the unscrupulous practices of the international banking
and financial sector. Islamic banking, on the other hand, is seen as a
fairer and more balanced alternative which has been much less affected by
the crisis. Can the Czech Republic benefit from a financial system based on
the Islamic law? And can Islamic banking help boost Czech exports into
Muslim countries? These are some of the issues debated at an international
conference on Islamic banking held in Prague. More
Government approves bill banning bearer shares
The government of Petr Nečas approved a bill that will regulate bearer
shares and allow authorities to identify their owners. If passed by
Parliament, the anti-corruption measure, which was announced by Deputy
Prime Minister Karolína Peake on Wednesday, will force companies to
register bearer shares in a central depository kept by the stock exchange,
or deposit them with banks. More
+1
+10
