The Czech machinery firm Škoda Transportation has won a contract to service trams in the Sardinian city of Cagliari, a spokeswoman for the company said. Under the five-year contract, worth 87 million crowns or 4.3 million US dollars, Škoda Transportation will provide complex servicing of the Italian city’s trams. In 2004, Škoda Transportation supplied nine low-floor tramways and 16 trolleybuses to the city.
In Business News this Friday: Distiller Stock Spirits will begin trading on the London Stock Market next month; Plzen’s Škoda Electric is expanding production; more and more Czechs are building their own homes; Prague’s mayor warns that Prague’s public transit company could face bankruptcy; operators of one of the country’s most popular ski hills will reportedly raise prices this season.
The Prague Transport Company has refused a delivery of four new trams from the Skoda Transportation Company due to a series of technical faults, the ctk news agency reports. The company said the trams had serious defects which prevented them from being put to use. It said it had been forced to return trams with similar defects in the past. Skoda Transportation has a contract to deliver 32 new trams to Prague Transport this year. The company has failed to comment on the development.
In this week’s Business News: The minimum wage will rise in August; Food prices in 2012 grew by a larger margin than in any other EU country; Czech Airlines has withdrawn from its contract with the unions; Fuel prices around the Czech Republic have gone up again; Škoda has signed an almost 1 billion crown contract to deliver trams to Bratislava.
The government would like to extend legal deadlines for some privatization cases from the 1990s, deputy PM Karolína Peake told Czech TV on Sunday. This year, the statutes of limitations will expire in some of the biggest privatization deals, including those of the mining firm OKD and the engineering company Škoda Plzeň; Ms Peake said she would propose the extend these deadlines so that their investigation could be completed.