In Business News: the public finance gap will again exceed euro adoption criteria next year - the outgoing finance minister says that will not impact plans to adopt the currency in 2010; leasing offices and commercial spaces is more profitable in Prague than almost every other capital in Europe; the Czech crown reaches an all-time high against the dollar; and the country is experiencing a boom in the construction of wind power stations.
Public finance gap no threat to euro adoption, says Sobotka
Prague leases among most profitable in Europe
Crown sets new record against dollar
After last week setting a new record against the euro, the Czech crown reached an all-time high of 21.72 to the dollar on Thursday, as the US currency fell on global markets.
Retail sales in June confirm fast growth this year
Retail sales in the Czech Republic grew 8.3 percent year-on-year in June, continuing this year's fast growth. As in previous months, sales of items other than food contributed most to the increase, and sales grew fastest at outlets selling clothes and footwear.
Boom in wind power station construction
The country is currently experiencing a boom in the construction of wind-powered current-generating plants, after the introduction of a new law last year guaranteeing operators fixed prices for the next 15 years. There are currently 49 wind power stations in the Czech Republic. But 50 to 80 more could be built in the next year, David Jozefy, a member of the board of the Czech Wind Energy Society, told Hospodarske noviny.