The Czech investment and construction company Ross Holding has announced plans to build and operate a new brewery in Chotěboř near Havlíčkův Brod, with a yearly output of 10 to 25 thousand hectolitres. The new facility will be the first brewery built from scratch since the establishment of Radegast in the 1970s. If everything goes according to plan, production of the new Czech beer brand should start next summer.
In this week's Business News: the Czech government has decided to end state subsidies for school milk programmes; why Czech banks are cutting mortgage rates and why the country is being flooded by ever cheaper imported Chinese shoes; new data from the European Foundation for the Improvement of Living and Working Conditions suggests that Czech worker pay has fallen by 1.3 percent in the last year and a a key member of the Czech National Bank’s board has said that he does not recommend that the Czech Republic adopt the Euro in the near future
Officers in Prague have collected 300,000 crowns in fines for alcohol consumption in public places where drinking is now off-limits. An alcohol ban was introduced in several parts of the city centre at the beginning of July of this year within the City Hall’s drive to make Prague a cleaner and safer city for both locals and tourists.
Prague municipal police have collected littering fines amounting to 200,000 crowns (or 13,000 US dollars) from almost 5000 people since a strict regulation to prevent littering was introduced last month. Tossing a cigarette butt was the most common offence. Nearly 700 people have also been fined for drinking alcohol in alcohol-free public places. As of July 1, those caught spitting out gum, tossing cigarette butts, not cleaning up their dog’s mess and even feeding the pigeons face a fine of up to 30,000 crowns.
In Business News this week: the price of some flats has begun falling in parts of the Czech Republic, according to press reports; the most common car on Czech roads is the Škoda Felicia, though the number of domestically produced autos owned by Czechs has fallen in recent years; operators of multiplex cinemas are increasingly looking to the regions as the market in Prague becomes saturated – though audience numbers have fallen significantly; and goat farming is becoming more common due to subsidies and demand for organic food.
Staropramen’s new general manager is Zbyněk Kovář, it was announced on Thursday. Mr Kovář takes over from Tunč Cerrahoglu as the head of the second-biggest beer producer on the Czech market. The Staropramen brewery belongs to the Belgian company InBev. In 2007, the brewery generated profits of 578.4 million crowns (37.7 million USD).
A car-thief makes off with a car, not realizing there’s an eight-year-old boy sitting inside. A man reports a deer to the police for allegedly harassing his family and, the police are searching high and low for a suspect who escaped from a police station – handcuffed. Find out more in Magazine with Daniela Lazarova.
In this week's Business News - The Czech Republic has seen a decline in mortgage loans by a fifth according to top banks operating in the country; new data from the Czech Agriculture Ministry along with the Hopsteiner Company indicates that the Czech Republic was the 16th largest beer producer in the world in 2007...
Since last year, the government has been slowly preparing the ground for the transformation and eventual sale of the state-owned brewer Budějovický Budvar. Originally, the government hoped to sell the famous brewery – worth an estimated 1.3 billion euros – by the end of its term, but now it appears the preparations won’t be completed before mid-2010. Prime Minister Mirek Topolánek made clear on Tuesday that the government would rather delay the company’s sale, rather than rush a deal, in order to ensure the brand’s survival into the future.
Czech Prime Minister Mirek Topolánek has announced that the controversial privatization of the Budvar beer company will be delayed. Specifically, Mr Topolánek noted that the privatization of the company, which is currently in state ownership cannot be completed before the current government’s mandate expires in 2010. The government’s plan is for a two-phased sell off – firstly the company would be transformed into a limited company with the majority of shares owned by the government. After that, the company would be sold off. It remains unclear whether the delay is connected to the recent proposed merger of Anheuser-Busch and InBev, which would create the world’s largest beer company. Czech politicians remain keenly aware of public demands of keeping Czech Budweiser independent of its American – now Belgian-owned rival.
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