In Business News: new legislation should make bankruptcy proceedings run more smoothly, while a labour code approved this week has been dividing opinion; the OECD gives the Czech Republic advice on how to improve its economy; it seems the Czech Republic may renege on a pledge to increase the share of its power generated from renewable resources; digital broadcasting can now be received by a third of Czech households; and beer exports were up 17 percent last year.
Bill to speed up bankruptcies
Labour code divides opinion
Top tips from the OECD
The Organisation for Economic Co-operation and Development this week gave the Czech Republic some advice on how to improve its economy. The OECD says Prague needs to make it easier to start up a company, increase the number of university graduates and invest more in research and development. It welcomed the new Czech labour code, but said it will not protect jobs.
Renewable resources pledge may not be met
The Czech Republic looks like reneging on its pledge to increase the share of its power generated from renewable resources to 8 percent by 2010, the web site Aktualne.cz reported. The promise was made when the country joined the European Union in 2004. Last year 4.5 percent of Czech energy came from alternative sources of power, and that isn't likely to rise significantly if the country doesn't invest in renewable energy, the Supreme Audit Office has warned.
One third of Czech households can now receive digital broadcasts
Beer exports up 17 percent last year
Czech beer exports were 17 percent higher in 2005 than in the previous year, the Czech Association of Breweries said on Thursday. Meanwhile, sales of pivo on the domestic market were slightly down at 1 percent less than in 2004. The biggest exporters are Plzensky Prazdroj (makers of Pilsner Urquell), Staropramen, Budvar and Krusovice. Germany is the biggest overseas market for Czech brews, followed by Slovakia and Great Britain. Exporting beer became easier after the Czech Republic's accession to the EU two years ago.