Social Democrat MP Kraus accused of corruption, gives up influential posts; Civic Democrat MP Dolezal resigns from Parliament over corruption charges; Record number of cars produced last year; CzechInvest helped secure a 'record' 154 investment projects in 2005; Czech currency reaches all-time high against the euro; Record number of self-employed foreigners noted in 2005; Unient Communications set to become first 'virtual' mobile operator
Social Democrat MP Kraus accused of corruption, gives up influential posts
Civic Democrat MP Dolezal resigns from Parliament over corruption charges
Record number of cars produced last year
A record 600,000 cars were manufactured in the Czech Republic last year. Almost a half million of those vehicles were produced by Skoda Auto, with the rest made by the Toyota, Peugeot, Citroen joint-venture plant that opened in February 2005. The TPCA plant has the capacity to make many more cars, up to 300,000 a year. A similar number could be produced by South Koera's Hyundai, if, as expected, it goes ahead with plans to builds a 1.2 billion dollar plant in the city of Ostrava.
CzechInvest helped secure a 'record' 154 investment projects last year
Czech currency reaches all-time high against the euro
In other news, the Czech crown rose to a record high against the common European currency this week, closing on Monday at 28.70 crowns to the euro. Analysts said they expect the crown to strengthen further this year, as the Central European region will benefit from investors for an alternative to the US dollar.