Business News

Photo: fishtik / freeimages

In Business News this week: Czech Export Bank renews euro loans for exports to Russia; Tatra Trucks sign memorandum for supply of parts to India; President set to become first owner of new-generation Škoda Superb; breweries Radegast and Krušovice win UK’s International Brewing Awards; and spirits producer Rudolf Jelínek to enlarge orchards in Chile.

Czech Export Bank renews euro loans for exports to Russia

Illustrative photo: fishtik / freeimages
The Czech Export Bank has renewed euro loans for exports to Russia, which were suspended last December due to the market situation in the country, Mladá fronta Dnes reported on Friday, citing the bank’s CEO Karel Bureš. Mr Bureš told the daily that the new conditions for providing loans to Russia will be stricter than for other countries. The Czech Export Bank renewed the loans after the Russian rouble stopped weakening in January. According to Mladá fronta, the bank has provided loans worth 30 billion crowns to Russia, which represents about a third of all its loans.

Tatra Trucks sign memorandum for supply of parts to India

Photo: Tatra
Czech heavy vehicles manufacturer Tatra Trucks on Thursday signed a memorandum of understanding with India’s BEML company for the supply of its truck parts to India. Under the agreement, Tatra will not supply finished trucks but only parts, which will be put together at a BEML assembly plant. The memorandum was signed in the presence of the Czech Defence Minister Martin Stropnický. Petr Rusek, chairman of the board and business operations director for Tatra Trucks, told the Czech News Agency that a final contract with BEML is still being negotiated.

President Zeman to become first owner of new-generation Škoda Superb

Škoda Superb,  photo: CTK
Czech President Miloš Zeman is set to become the first owner of the third- generation Škoda Superb, produced by the Czech car-manufacturer Škoda Auto, which was officially introduced this week. Mr Zeman announced the news during his visit of the Hradec Králové region. Mr Zeman, who is currently using the top-of-the-range Laurint &Klement version of the second generation Superb, said that Czech presidents should be driving in Czech cars.

Czech breweries Radegast and Krušovice win International Brewing Awards

Illustrative photo: Jakub Liška
The Czech non-alcoholic beer Birrel, produced by the north Moravian brewer Radegast, has won the gold and silver medals at the International Brewing Awards in Great Britain. Radegast’s semi-dark Birell won in the category of non-alcoholic beers and the classic light Birell placed second. Birell has long been the best-selling brand of non-alcoholic beer in the Czech Republic. Another Czech beer, Krušovice Imperial, took the silver in the category of lagers with alcohol content of 4.8 to 6.9 percent. The International Brewing Award competition was established in 1886. This year, the jury was selecting among 841 beers from 50 countries.

Liquor and spirits producer Rudolf Jelínek to enlarge its orchards in Chile

Illustrative photo: Keith Weller,  Public Domain
Rudolf Jelínek, Czech producer of fruit spirits and liquors, is planning to enlarge its pear orchards in Chile, the E15 daily reports. The company’s Chilean subsidiary was established in 2007 and specializes in the production of Williams pear brandy. The company has been buying fruits from other growers but plans to be more self-sufficient in the future. The company currently has a 15 hectare pear orchard and according to its export director, Martin Déva, plans to extend the area by 10 to 20 hectares a year. Rudolf Jelínek’s Chilean branch produces up to 600,000 litres of Williams pear liquor a year.