In the Business News this week: Korean Air completes deal for 44-percent stake in CŠA; jobless rate falls for first time in nine months, but only slightly; labour costs in Czech Republic are below half EU average; car production slows; mobile operators are offering new low monthly prices for unlimited calls; and forest owners want state compensation for recreational use of land.
Residents of Prague’s Vršovice district were set to meet on Thursday to discuss the future of an area between Krymská a Moskevská streets, sold by the local town hall to private developers aiming to build private homes as well as offices. Critics slammed the sale and as leading to the disappearance of another green spot in the area.
Car production in the Czech Republic dropped by 18 percent in the first quarter of this year, according to the latest figures released by the Czech Automotive Industry Association. In total, over 287, 700 vehicles were made in the Czech Republic between January and March. All Czech-based car producers saw a decrease in production. Meanwhile, the production of trucks registered a 56-percent drop over the same period, and reached a mere 157 vehicles.
American specialists were instrumental in retrieving 68 kilograms of highly enriched uranium from the Czech Republic and bringing it to Russia where it will be turned into low-enriched uranium and used as fuel for nuclear reactors. The United States paid for the transportation of the uranium, which was produced at the research reactor in the town of Řež near Prague. The Czech authorities provided the containers.
The Romanian government has decided to limit support for existing renewable energy providers and to halt funding for any new projects. This decision will affect the Czech company ČEZ which owns a wind farm in the country. The energy giant has lost its energy distribution license in Albania in January, and its operations in Bulgaria have been under investigation for the past two months.
The Czech Post is launching a new online service that would provide exact daily gas prices at petrol stations around the country. The postal service created the project with the Industry and Trade Ministry according to the Hospodářské noviny daily, and will rely on the information that letter carriers will gather on their daily routes.
In this week’s Business News: Czech wine producers have begun raising prices; the majority of Czechs are far from optimistic with regards to the country’s economy; Prague’s Václav Havel Airport will offer flights to fewer destinations this summer season; unions and automaker TPCA have not found common ground on a collective bargaining agreement.
President Miloš Zeman will reportedly veto legislation on waste disposal that includes a loophole benefit for solar energy operators, the president’s spokeswoman Hana Burianová has revealed. If the president takes the step, the veto will be his first since taking office. The mistake in the law, allows solar energy plants an additional six months to sign contracts on financing for the removal of solar panel waste. The chairwoman of the lower house, Miroslava Němcová, said the chamber had not passed the bill in its current wording but that the mistake had taken place in the Senate.
Construction work at the AZ Tower in Brno – at 111 metres the tallest building in the Czech Republic – is complete; officials said that workers were now only finishing up the interiors. The AZ Tower, designed by architects Gustav Křivinka and Aleš Burian, edges the City Tower at Prague’s Pankrác by two metres. The building is slated to house offices, apartments, restaurants and shops and other services, including an auto salon and fitness club. The new building was designed to make use of Green technology in order to leave a smaller ecological footprint.
Car maker Škoda Auto has won the annual contest for the best-rated 100 companies in the Czech Republic for the 14th time in a row, according to the contest’s organizer Sdružení Czech Top 100. The power giant ČEZ defended its second position on the chart and Agrofert Holding jumped to third place. It is also the best-rated company in the category of agriculture. Kofola won the food industry category and Alpine Pro was top in the textile industry. The winners are picked by the managers of important companies, financial analysts, and trade union representatives and economic experts.
Archaeologists unearth seven graves dating back to Great Moravian Empire
Czech biochemist involved in developing potential coronavirus treatment
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Valentine’s Day 1945 - When the Americans bombed Prague