Czech government announces record Q1 economic growth figures. Czech industrial production rises 3.0 percent in March. Low-key ceremony marks signing for Hyundai's Czech plant. Czech power company CEZ selects Russian nuclear fuel supplier. Sales at Czech internet portals top 1 billion crowns in 2005. Investors buy flats with regulated rents.
Czech government announces record Q1 economic growth figures
The Czech government announced record first-quarter economic growth figures this week suggesting that the economy is growing faster than ever before. The deputy prime minister for the economy, Jiri Havel, said the economy grew at a year-on-year rate of 8.2 percent in the first three months of this year - driven mainly by big foreign investors such as carmakers. Unipetrol to invest almost CZK 1 billion in Chemopetrol, Ceska rafinerska. Czech CEZ announces delay to Warsaw stock listing.
Czech industrial production rises 3.0 percent in March
Czech industrial production went up in March with a 3-percent rise from output in the same month last year, the Czech Statistics Office announced this week. Industrial production fell by 0.7 percent in February compared with the figure for the same month in 2005. The figure for March brings the rise in Czech industrial production to 17.9 percent on a 12-month basis, the second-highest level of growth since 2001, the office said.
Low-key ceremony marks signing for Hyundai's Czech plant
Czech power company CEZ selects Russian nuclear fuel supplier
Sales at Czech internet portals top 1 billion crowns in 2005
Sales at the largest Czech internet portals rose by around one-third to more than 1 billion crowns (42 million dollars) last year, according to companies running the portals and experts' estimates. The number of visits a week to the portals increased by 40 percent. Revenues to internet portals came from sponsored links, advertisements and projects such as pages which offer sale of real estate or cars.
Investors buy flats with regulated rents
Unipetrol to invest almost CZK 1 billion in Chemopetrol, Ceska rafinerska
The Czech petrochemicals group Unipetrol wants to invest 950.5 million crowns (40 million dollars) into modernisation and capacity increase in its major subsidiaries Chemopetrol and Ceska rafinerska this year, a Unipetrol spokesman said. The group plans to invest 584.1 million crowns in the refinery Ceska rafinerska. Among the main projects will be modernisation of the hydrocracking unit built in 1987, which is used for more efficient oil processing and is an important source of material for Chemopetrol's petrochemicals plant. Money will also be invested in bio-fuels equipment.
Czech CEZ announces delay to Warsaw stock listing
The Czech electricity giant CEZ announced on Thursday that it will postpone its listing on the Warsaw Stock Exchange originally scheduled for the end of June. The decision is due to "market instability linked to large changes in the price of CO2 permits". CEO Martin Roman said the listing could now take place in the autumn, when the market has calmed down. Poland is described by CEZ, already present in Romania and Bulgaria, as one of its strategic markets for its expansion in Central Europe and the Balkans. At the end of January it signed an agreement to buy two Polish power plants and is bidding for another one.