In Business News: the Prague stock exchange has a down and up week; tax on labour in the Czech Republic is too high, says the OECD; Czech Airlines plans to trim its operations; Prague is taking in more in property sales than in previous years; one of the country's richest businessmen invests in a weekly newspaper; and from next month Czechs will be able to pay many bills at newsagents.
Prague stock exchange rallies after big falls
The Prague Stock Exchange has had quite an up and down week. Or rather down and up: while Tuesday saw record selling amounting to around half a billion dollars, on Thursday share prices grew by 7.3 percent, the biggest daily increase for over a decade. The Prague bourse has been responding to trends on international markets.
Tax on labour too high in Czech Republic, says OECD
Czech Airlines to concentrate on core business, let workers go
Prague takes more in property sales than in previous years
Drabova: Czech Republic needs more nuclear reactors to meet growing demand
The Czech Republic needs more nuclear reactors, the head of the State Authority for Nuclear Safety, Dana Drabova, said at a conference this week. She believes only new nuclear technologies can meet growth in demand for energy in the decades to come. The official government forecast is that consumption from 2020 will be 50 percent higher than the current rate.
Coal magnate buys into weekly newspaper
One of the Czech Republic's richest businessmen, Zdenek Bakala, is to invest in Respekt, a liberal weekly. Mr Bakala, who co-owns the coal giant OKD, said he had no intention of trying to influence its editorial content. Respekt is majority-owned by the aristocrat Karel Schwarzenberg; he and Mr Bakala have reportedly agreed to turn the weekly into a non-profit organisation.
Consumers can pay bills at newsagents under new Sazka scheme
If you've lived in the Czech Republic you will be familiar with slozenky, kind of reverse postal orders used to pay bills, mainly for utilities, at your local Posta. But from next month consumers will be able to pay slozenky in newsagents: the lottery company Sazka plans to use its network of terminals as alternative payment points. That should increase its profits, and cut queues at post offices.