In Business News: Czech firms are to pay out their highest dividends ever, but most of the money could flow out of the country; over 30 international firms have opened development or distribution centres in the Czech Republic in the last year; Skype is opening a programming centre in Prague's revitalised Karlin district; inspectors find numerous shortcomings at Czech internet retailers; and the Czech economy is one of the most 'energy demanding' in the EU.
Czech firms to make record pay-outs
Czech firms are to pay out their highest dividends ever from last year's profits, Hospodarske noviny reported this week. Analysts interviewed by the daily said total dividends would amount to between 130 and 150 billion CZK, a rise of 10 percent on the previous year. About two-thirds of the sum will go to foreign owners; Vojtech Benda from ING Wholesale Banking said over 100 billion CZK (almost 500m USD) could flow out of the country.
Many foreign companies opening development, distribution centres in Czech Republic
More and more international companies are making use of Czech expertise, with 31 firms building a development or distribution centre in the Czech Republic over the last year, Hospodarske noviny reported this week. According to data from state agency CzechInvest, those new centres have hired around 20,000 Czech workers.
Skype takes on Czech programmers
Czech economy one of most demanding in energy consumption in EU
Shortcomings found at Czech online retailers
Online shopping has been gaining an increasing share of the retail market in the Czech Republic, with a 40-percent rise in sales last year. But the sector is not without its problems. The country's retail inspection office says last year it found shortcomings at around half the internet shops it checked in 2006. Misdemeanors included failure to make clear postal charges or prices including value added tax. Another survey last year by a consumers group SOS found that 37 percent of online retailers met its four basic criteria. That was an improvement on the previous year, when it said 29 percent were up to scratch.
Tesco opening two low energy supermarkets in Czech Republic this year
Tesco supermarkets in the Czech Republic are planning to open two "green" low energy shops this year. A Tesco spokesperson said the stores would use a third less energy than traditional shops, adding that the company has pledged to cut energy consumption by 50 percent in its facilities around the world by 2020. The first Czech energy saving store is being built in Zatec in north Bohemia, while the second is set for Ricany near Prague.