The Czech Foreign Affairs Ministry says Iran has not confirmed reports of an imposed trade embargo on the Czech Republic. According to the Iranian and South Korean press, the Czech Republic, South Korea, Argentina, and Britain are to be punished with embargos as they have been critical of the Iranian nuclear programme. Iranian charge d'affaires Said Hoseyn Rezvani has assured the Czech Trade and Industry Ministry that Czech firms exporting to Iran have nothing to worry about. In the first eight months of this year, exports to Iran have totalled some 86.4 million US dollars.
Czech Republic records highest ever budget surplus; Czech farmers opposed to selling their land to make way for Hyundai car plant; Czech Airlines lost 464 million crowns in first half of 2005; Norway's Telenor to exit the Czech and Slovak markets; OMV purchase of Aral filling stations confirmed; Half of Czech corporate R&D financed by foreign companies-UNCTAD; Imports of foreign wine up 28 pct y/y - local industry in 'crisis'
The chief executive of South Korean car-maker Hyundai, Chung Mong-Koo, toured a site in the Czech Republic on Thursday, regional governor Evzen Tosenovsky said. The Czech news agency CTK, citing the Korea Economic Daily, reported that Hyundai planned to invest about 1.9 billion dollars in the Czech Republic, building a plant with annual output of 300,000 cars. Czech officials have declined to comment on the report. Quoting an unnamed regional council source, CTK said that two sites at industrial zones in North Moravia were being considered. If Hyundai decide to locate a new plant in the Czech Republic it would be the country's third car plant after Skoda and TPCA, the joint venture between Toyota and PSA Peugeot Citroen which launched production this year.
There is no saying more well-known in the world of advertising than the old adage "sex sells" and for good reason: sex sells perhaps more than just about anything else. By now, most of us have grown accustomed to the role of sex in advertising, in selling everything from magazines to perfume, to jewellery to clothing. Many have nothing against it or are even in favour, if sensual elements are related to theme and are intelligently and tastefully done. But what about when they're not?
The Czech Republic recorded a foreign trade surplus of 1.2 billion
crowns in July, an improvement of over 8 billion compared to the same
month last year. It is the first time there has been a surplus in July,
when there is usually a downturn due to seasonal factors. The balance
particularly improved in the field of machinery and transport
Friday's positive figures caused the Czech crown to rise in strength against the euro- it reached a three-year high of 29.21.
Prague is not just the city with a thousand spires but also a modern place that guarantees round the clock fun. That's how City Hall is introducing the Czech capital to the world. In a three-minute clip, it takes the attention away from the country's famed liquid bread to present it as a place of dynamic and sophisticated entertainment.
CalPERS investment fund says Czech Republic is No. 2 in emerging market; Bank of Tokyo- Mitsubishi to open Prague branch to meet Japanese demand; EMV launches $45m arbitration case against the Czech state over TV3 license transfer; UK says 230,000 east European workers have registered for work there since EU expansion; Israeli vegetarian food producer Tivall to build $30m Czech factory
More Czechs commuting long distances for work; EIU: Prague now ranks world's 55th most expensive city for expats; Over one-quarter of past decades' big investments located in Central Bohemia; Czech Republic too slow in spending EU structural funds; Foreign trade surplus of 38bn for first half of 2005; Czech crown reaches three-year high against the euro
The Czech Republic posted a foreign trade deficit of 7.8 billion crowns in the first of half of 2004. One year on, economic data released on Monday has shown a dramatic turnaround, with this country now boasting a foreign trade surplus of 38 billion crowns in the first six months of this year. The markets were expecting good news, but the record high figure for the month of June caught analysts by surprise. Brian Kenety has more.