The lower house‘s Investigatory Commission on OKD announced on Tuesday that it has decided to file a criminal complaint against four former government ministers for their role in the privatisation of the Silesian coal mining joint-stock company Ostravsko-karvinské doly (OKD). Among them is the former prime minister Bohuslav Sobotka. According to the commission, the privatisation and subsequent events were in contradiction to the interests of the state.
The level of overall trust in the Czech economy has fallen to a five year low according to the results of a monthly industry survey conducted by the Czech Statistical Office and published on Tuesday. Among consumers and entrepreneurs year-on-year trust levels fell, while among industry and construction representatives trust levels have remained the same for the past four months.
Confectionery manufacturers are among Czech businesses most likely to be hard hit by Brexit, Czech Radio reported this week. According to an analysis carried out by the country’s biggest bank, Česká spořitelna, about a quarter of confectionery goods produced in the country are destined for the British market.
The Czech Republic’s year-on-year industrial production figures grew by
0.1 percent in July, factoring in the difference of two working days, the
Czech Statists Office reported on Friday. Unadjusted, the increase was 5.6
The main drivers of growth were the automobile industry, electrical equipment production and manufacture of basic pharmaceutical products.
The country’s external trade balance in goods ended with a surplus of 0.1 billion crowns in July, compared to a deficit of 8.2 billion in the same month last year. Exports grew year-on-year by 8.4 percent to 289.5 billion crowns and imports by 5.1 percent to 289.5 billion crowns.
Business and government representatives gathered near the western Bohemian town of Žatec on Wednesday to attend the official opening of a new Nexen Tire plant. The factory, which also features a research and development facility, is the third largest foreign investment project in the Czech Republic to be brokered by the country’s business development agency CzechInvest.
Industrial output in the Czech Republic weakened by 3.8 percent in June
following four months of growth, according to official figures released on
Tuesday. Lower auto production has been given as one of the main reasons
for the downturn. The manufacture of metal structures and fabricated metal
products also declined.
By contrast, the production of rubber and plastic products, computers and other electronics and pharmaceuticals increased in the Czech Republic in June.
The Czech Republic’s year-on-year industrial production figures grew by 3.2 percent in May, 0.1 percent less than in the previous month, according to figures released by the Czech Statistics Office on Monday. The main drivers of growth were the automobile industry, as well as plastic and energy production. The country’s foreign trade surplus experienced a year-on-year rise of CZK 17.2 billion, reaching CZK 24.4 billion.