In Business News this week: the Czech Republic’s current account posts a surprise surplus of 4.8 billion crowns; Škoda Auto’s sales are up by nine percent; thirteen percent of Czech firms are planning foreign expansion this year; guest numbers at luxury Czech hotels rose in 2007, and public broadcaster Czech Television generated more than it expected from license fees last year.
Czech current account posts surprise surplus of 4.8 billion crowns
Škoda Auto’s sales increase by nine percent
Press: Thirteen percent of Czech firms plan foreign expansion this year
Around 13 percent of Czech firms are planning to expand abroad this year, reported Hospodářské noviny this week. The figure comes from a poll conducted by the Czech Business Chamber, which found that the most attractive country for Czech firms was Slovakia, followed by Germany, Poland and Russia. The head of the Chamber, Jaromír Drábek, told Hospodářské noviny that this willingness to expand was evidence of Czech companies’ self-confidence and the healthy state of the Czech economy.
Guest numbers at luxury Czech hotels rose in 2007
The number of people staying at luxury four and five star hotels in the Czech Republic shot up by 11 percent in 2007, according to data released by the Czech Statistical Office this week. Over 3.46 million guests checked into the country’s top hotels, including an increasing number of Czechs themselves. Nearly 20 new luxury hotels are planned for Prague alone in the next couple of years to meet the demand for high-end lodgings. The Czech Republic currently boasts 38 five-star hotels and 316 four-star establishments.