US electric car maker Tesla has opened its first showroom in the Czech Republic. Its official dealership is in Prague’s Vysočany district, where Tesla already operates a service centre. Visitors to the showroom can try all Tesla models, including Model S and X, as well as the most affordable Model 3, which sells for 1.2 million crowns.
Sales of new passenger cars in the Czech Republic in the first three
quarters of 2018 dropped by eight percent year-on-year to 191,110,
according to figures released by the Car Importers Association on Thursday.
The month of September saw a rise by 8.5 percent to 15.770 sold cars. The biggest seller in the period was Škoda with over 64,656 cars, followed by Volkswagen and Hyundai.
The Czech energy giant ČEZ will develop small modular nuclear reactors in
cooperation with the American company NuScale, according to ČEZ spokesman
Ladislav Kříž, who told Czech Television that the two companies signed a
memorandum of understanding on Thursday. ČEZ and NuScale will share their
technical knowledge on the matter and look into the possibilities of using
such energy sources in the Czech Republic and across wider Europe.
The Czech government has a majority share in ČEZ and Prime Minister Andrej Babiš stated earlier this year that small scale nuclear power sources are the optimum solution for the country when it comes to constructing new nuclear power plants. NuScale is an industry leader when it comes to the development of these energy sources and is set to launch its first commercial reactor in the US state of Idaho in 2027.
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.
The Czech Republic should have the right to determine its own energy mix,
Foreign Minister Tomáš Petříček told the Czech News Agency on Sunday
ahead of his departure for the United National General Assembly, which also
includes the Sustainable Development Impact Summit.
Mr. Petříček also said nuclear energy represented part of the country’s energy mix and it was an important replacement of the fossil fuels, which are being gradually phased out.
Czech state-controlled utility ČEZ has announced a September 25 deadline
for potential buyers of its Romanian assets to register their interest. The
move is in line with the company’s strategy to exit foreign markets,
including Bulgaria, Turkey and Poland.
In total, ČEZ is considering seven companies in Romania, keeping only companies engaged in modern energy services (ESCo) and trading activity. ČEZ will later issue a call for non-binding tenders from registered potential buyers.
The utility expects to earn tens of billions of crowns from the sales, which it will invest largely into renewable energies.
Czech car-maker Škoda Auto has manufactured the first production
components for VW electric cars. The high-voltage batteries will be used
for plug in hybrids based on Volkswagen Group’s MQB platform.
The battery packs will be used for instance in the Škoda Superb iV. Production of this model is due to be launched at the Kvasiny plant in September.
The company invested over 25 million euros in the production lines for high-voltage batteries. The initial output of 150,000 units per year should be further increased in the following years.
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.
Czechs are racing to file applications for building permits, with official figures showing that the number of applications in the first half of 2019 was the highest in 10 years. The main reason appears to be an EU directive that will make building more expensive from 2020, when stricter environmental rules come in. However, representatives of both business and government say that modern technologies will help save money in the long term.
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