In Business News this week: The prime minister suggests that next year’s public finance deficit could be lower than expected; the Czech Finance Ministry says it has won its court case against ArcelorMittal; Dutch brewer Heineken is set to take over north Bohemian beer producer Drinks Union; Prague’s Ruzyně ayirport is bracing itself for a record number of passengers in 2008, and one in five Czech managers take ‘smart’ drugs to help them up their energy levels.
PM revises figures for next year’s public finance deficit
Finance Ministry wins arbitration proceedings against ArcelorMittal
One of the biggest business stories of the week broke when the Czech Finance Ministry said that it had won its court case against the world’s largest steel company, ArcelorMittal. An arbitration court in Paris rejected ArcelorMittal’s claim that the Czech government should pay the steel giant 5.79 billion crowns (335 million USD) over a disputed privatization. The government will now seek about half a million euros in legal costs, Finance Minister Miroslav Kalousek told the press. ArcelorMittal launched the arbitration proceedings in Paris, arguing that the Czech Republic had broken a pledge to sell a 14 percent stake in the country’s biggest steel producer, Nova Hut. The steelmaker in question has since been renamed ArcelorMittal Ostrava.
Heineken set to buy Czech brewers Drinks Union
Prague airport expects record number of passengers in 2008
One in five Czech managers takes ‘smart’ drugs to up energy levels
One in five Czech managers takes ‘smart’ drugs to help them up their energy levels, suggests a poll conducted for the newspaper Hospodářské noviny, published on Thursday. Respondents to the poll said that they worked 12 hours a day on average, and did not take time off at weekends. One fifth of those polled also said that they found themselves drinking more coffee and energy drinks than they would like. Hospodářské noviny reports that use of cocaine is also on the rise in managerial circles. A Human Resources consultant, Aleš Křížek, says that the increased use of drugs, legal and otherwise, can be put down to the increased responsibility that Czech managers are enjoying, and the current shortage of human resources in the country, placing extra strain on those at the top.