In Business News this Friday: Industry & Trade Minister warns up to 1,000 could be lost due to EU sanctions; Ahold gets ready to transform former Interspar supermarkets; Vítkovice Steel will shut down Ostrava plant; Travel Service will no longer offer charter flights to Bangkok; Czechs take healthy interest in their finances.
Thursday’s death toll on Czech roads was the worst so far this year with seven people killed. The total death toll for July came to 68, one more than in June. Even so, last month was still an improvement on the 72 people who died on the roads in July 2013. In the first sixth months of this year 266 people died on Czech roads, 26 more than during the same period a year earlier.
Sixty-two people died in accidents on Czech roads up to July 31st, the Czech News Agency reports. The month was the second-worst so far this year. The worst was June, during which 67 people died in traffic accidents. The first half of the year saw just over 40,000 road accidents resulting in 266 deaths and more than 1,200 suffering serious injuries. The number of road deaths in 2014 overall has increased by 26 compared to the same period last year.
Austrian Chancellor Werner Faymann arrived in Prague on Thursday for talks with Czech Prime Minister Bohuslav Sobotka. On the agenda was the discussion of plans to improve cross-border transport infrastructure including the modernization of railway connections between Vienna and Prague. Also on the agenda were candidacies for the European Commission as both the Czech Republic and Austria are hoping to clinch the post of commissioner for regional policy. On Thursday, Prime Minister Sobotka and his Austrian counterpart agreed to meet in the future on a regular basis, also incuding Slovakia's prime minister; the next meeting is expected to take place next spring.
The state-owned Czech Aeroholding’s earnings before interest, taxes, depreciation and amortisation, or EBITDA, reached 2.2 billion crowns last year, the firm said in a statement on Wednesday. That is 0.4 billion less than in 2012. The company took in 16.3 billion crowns in revenues last year. The company said the results were affected by the incorporation of the carrier Czech Airlines and Prague’s Václav Havel Airport into the firm.
Repair work on the railway line between Prague and Kolín continues in the wake of Sunday’s accident in which a train took a wrong track and damaged a switch. According to a Czech Railways spokesperson the respective line may be out of operation until Tuesday midday. Express trains have been rerouted, while the undamaged line on this route is heavily taxed with delays of up to 30 minutes. Replacement buses remain in operation for many destinations.
An accident on the railway line between Prague and Kolín in central Bohemia has halted traffic on the route used by international express trains with destinations in Germany, Slovakia, Austria and Hungary. The accident occurred when a train ran onto a wrong track and damaged a switch. Local trains have been cancelled and replaced with buses while international expresses have been diverted to an alternate route. The authorities expect traffic on the route to resume at 8 PM on Sunday.
A light airplane crashed during take-off at an airfield in Plasy, western Bohemia, on Sunday. The plane was carrying two people but no one suffered any injuries in the accident, a spokesman for the local fire brigade said. The news agency ČTK reported the plane’s engine lost power during take-off and the pilot ended the manoeuvre. The plane then crashed some 50 metres away from the runway. Causes of the accident are under investigation.
The Chinese state-owned enterprise China Railway Signal & Communication Corporation has signed a deal to buy a majority stake in the Inekon Group from its founder Josef Hušek. Inekon, a Czech tram producer, will thus receive a marked financial boost and a strong foothold in the Chinese market. In addition to trams, it will provide know-how at a new production facility just built.
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