In this week's Business News: despite economic woes, budget deficit lowest in 11 years; nuclear plant generated record power in 2008; Czechs lured by weak pound, London sales; agriculture in the black and Czechs good at handling money, says report.
Despite economic woes, budget deficit lowest in 11 years
Nuclear plant generated record power in 2008
The Czech Republic’s Dukovany nuclear power station produced a record amount of electricity in 2008, according to its own figures. According to the numbers, 14.434 billion kilowatts were generated by Dukovany in 2008, a record figure, which represents a 3 percent increase on 2006 figures and a four percent increase on 2007 figures. The impressive results are attributed to modernisation at the plant which has resulted in greater efficiency and fewer shutdowns. Dukovany was put in operation in 1985, with an expected lifespan of thirty years, although operator ČEZ is said to be considering increasing that significantly. A greater reliance on nuclear power is often proposed as a means of tackling the Czech Republic’s future energy obligations – something opposed by anti-nuclear campaigners as well as the coalition Green Party.
Czechs lured by weak pound, London sales
Czechs are among those heading to London to take advantage of the city’s post-Christmas sales, according to the Czech daily Hospodářské Noviny. This is taking place against a backdrop of a strong crown – trading at around 27 crowns to the pound, as well as a weak British economy seeking to boost spending by slashing prices. Whereas such trips would have been reversed only a few years ago – with Brits flying for bargains to the Czech Republic – shifting fortunes now mean that Czechs have the means to spend on travel. Sales of up to 70 percent in Britain have also helped to tip the scales. Further, Hospodářské Noviny reports that Czechs are also increasingly making use of British online retail stores, which according to reports have a far greater selection compared to the Czech Republic; with postage costs of around 100 crowns seemingly well worth the price.