In business news this week: management and trade unions at Skoda Mlada Boleslav resolve long-standing pay dispute. The state-controlled Czech airline CSA reports another rise in passenger traffic in the first quarter and, the world-famous fashion brand Giorgio Armani may have its suits made at Czech clothing producer OP Prostejov.
Pay dispute at Skoda resolved, following one-day strike
CEZ to invest in power and mining joint venture in Serbia
CSA sees rise in passenger traffic in first quarter
The state-controlled Czech airline CSA saw a rise in passenger traffic once again in the first quarter of 2007. CSA carried 1.06 million passengers during the first three months of the year, almost 6 percent more than during the same period in 2006. Last year CSA reported as 4.7-percent increase on 2005. The cash-strapped airline hopes to return to profit in 2008 following a major restructuring programme launched in 2006 which includes the shedding of non-core activities. The government has charged the transport and finance ministries to come up with a privatisation plan for the 90.0 percent state-owned carrier by the end of this year.
Trade minister Riman says EC has underestimated economic growth in Czech Republic
OP Prostejov looks set to get order from Giorgio Armani
The world-famous fashion brand Giorgio Armani may have its suits made at Czech clothing producer OP Prostejov which has already prepared a trial order for the Italian company, according to the business daily Hospodarske noviny. "They liked both our production and our prices. I assume we will get the order," OP Prostejov CEO Frantisek Tuhy told the paper. The contract worth millions of crowns should be signed within the next few weeks, he added. Armani is not the first world brand to show interest in cooperation with OP Prostejov. The Czech firm already produces suits for Cerutti, Mexx and Massimo Duti, for instance. Hugo Boss has allegedly shown interest in returning production to OP Prostejov after a two-year break.