Business
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Business News
In this week’s Business News: Slevomat hits billion crown mark; sour taste for soup makers; further blow for Temelín; steady growth seen for Czech tourism; and Juta sets…
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Central bank holds all the cards on weakening currency
More than two months have gone by since the Czech National Bank launched its surprise foreign currency intervention to weaken the Czech crown. Complaints are still…
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Temelin expansion looking increasingly unlikely
Plans to build two more reactors at the Temelin nuclear power plant in south Bohemia are looking increasingly unlikely be realized. Incoming prime minister Bohuslav…
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Washington tram operations seen as calling card for Czech firm
Czech trams, or should we say streetcars, are now running on the tracks of the US capital in what promises to be a prestigious shop window for their manufacturer and a…
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On the fast track to passenger rail competition?
The Czech passenger rail market is one that appears on the verge of great upheaval even though competition is still very much the exception rather than the rule. Better…
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Czech export bank and insurer targeted in police swoop
Two state controlled Czech export credit and insurance institutions are at the centre of plans to boost the country’s export growth. But an expected strengthening of their…
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Czech drivers increasingly saving on petrol and switching to cheaper bio-fuels
Rising petrol prices in the Czech Republic have sparked a steady drop in demand, with sales dropping by a quarter in the last five years. People are driving less, planning…
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Czech tender trauma continues ahead of rules change
For some a cash cow, for others an administrative and legal minefield, public tenders Czech style are a massive but problematic slice of the economy. A fundamental rules…
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European Commission freezes 100 billion in funds for Czech Republic
The European Commission has put on hold 100 billion crowns earmarked for two Czech operational programmes because of fears they were subject to corruption and insufficient…
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Czech one crown entrepreneur made possible by new law
The Czech Republic has taken a big step at removing what has hitherto been seen as one of the biggest initial burdens to creating new companies. The basic capital required…
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Czech unemployment rate unlikely to be dented until 2015
A raft of statistics on Thursday represented good and bad news for the Czech economy with the worst being being that there is little hope for a sharp short term drop in…
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Business News
In Business News this week: Czechs woo California maker of electric cars; job creation incentives boosted; loans surge shows financial sophistication; Budĕjovický Budvar…
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