Business round-up this week: Central bank could maintain weak crown policy longer; New record for Czech car industry with million output; Government signs contract with GE; Lower house moves to extend diesel tax rebate.
Governor: Central bank could maintain weak crown policy to 2018
New record for Czech car industry with million output in nine months
Car production in the Czech Republic was just over 1 million for the first nine months of this year, an increase of 7 percent on the same period in 2015. It is the first time that the million mark has been surpassed in the first three quarters of a year. The head of the Automotive Industry Association, Martin Jahn, told iHned.cz that the growth was due to increased domestic demand and greater interest in Czech cars in Western Europe. Škoda Auto accounted for more than half of the output, registering increased production of nearly 10 percent.
Government signs contract with GE for aviation engines plant
Lower house moves to extend diesel tax rebate program to livestock farmers
The lower house of Parliament has voted to extend a diesel tax rebate program to livestock farmers and other agricultural workers. Currently the program, under which farmers are able to claim 40 percent of the consumption tax they pay on diesel gas back from the state, applies only to grain farmers. Under the present amendment it should also apply to fisheries and forestry workers. The amendment, which still needs to win approval in the Senate, aims to raise the competitiveness of Czech farmers in the EU.