In this week's Business news: a decision on whether to build a huge Hyundai car plant in Moravia has been postponed; over half the checks made on Christmas markets by the Czech Trade Inspectorate revealed shortcomings; three times more new coins are due to go into circulation next year than in 2005 - the final minting before adoption of the euro; and Czechs are expected to drink 3.5 million bottles of Czech "champagne" Bohemia Sekt on New Year's Eve.
Hyundai plant decision postponed
A decision on whether to build a Hyundai car plant in Moravia - which had been due by the end of the year - has been postponed. A Czech government delegation will travel to South Korea to hold talks with Hyundai's bosses on January 9th. If the much-discussed factory is built it will employ 3,000 people and be a major boost to the Czech economy.
Big increase in loans given by Czech building societies
Over half checks on Czech Christmas markets find shortcomings
Over half of 600 checks on Christmas markets by the Czech Trade Inspectorate revealed shortcomings: stallholders were caught overcharging for carp and Christmas trees, while other misdemeanors included not providing appropriate fire warnings with Advent wreaths and not providing information in the Czech language.
VAT decrease for sports centres not to be passed on to customers
More new coins to be minted in 2006 due to shortage
Czechs to drink 3.5 million bottles of Bohemia Sekt "champagne" on Saturday
Many Czechs will be ringing in the New Year not with real champagne, but with the cheap Czech equivalent, Bohemia Sekt - they'll be downing three and a half million bottles of the stuff on Saturday night, according to Hospordarske noviny. The company's sales are up this year, as are sales of real French champagne in the Czech Republic. Bohemia Sekt is not the only Czech producer: Soare Sekt is the second biggest brand, and there's even a Pilsner Sekt, from beer makers Plzensky Prazdroj.