In Business News this week: Czech retail sales rise by almost 7 percent; is the disappearance of 100 million litres of milk due to illegal smuggling?; Czech drinks maker Rudolf Jelínek buys a fruit brandies plant in Chile; Czech wind power stations more than double their output; and CSA comes first among 26 European airlines in terms of punctuality of departures.
Retail sales rise 6.8 percent but should slow this year
Hundred million litres of milk unaccounted for
One of the stranger business stories this week was the disappearance of 100 million litres of milk. Hospodářské noviny reported that the Ministry of Agriculture – which for quota purposes is required by the EU to keep production records – was unable to account for the missing milk, worth CZK 1 billion. But the newspaper offered one possible explanation: unnamed sources suggested smugglers were breaking production quotas and illegally exporting milk, mainly to neighbouring Germany.
Rudolf Jelínek buys factory in Chile
The famous Czech liquor manufacturer Rudolf Jelínek has invested around CZK 25 million in a distillery producing fruit brandies in Chile. CEO Pavel Dvořáček said the acquisition would lead to savings in production costs, adding that it was the first time any Czech company had made a direct investment in the South American country. Rudolf Jelínek, founded in 1894 and based in south Moravia, is perhaps best known as a producer of the plum brandy slivovice.
Wind power production more than doubles
The Czech Republic’s wind power plants produced two and a half times more electricity in 2007 than in the previous year, the Energy Regulatory Office said this week. That increase was partly due to the country’s biggest wind station at Kryštofovy Hamry in north Bohemia going into operation last year. However, the 125 gigawatt hours generated by wind is still negligible when considered in the context of the country’s overall electricity output.