Business
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Business News
In this week’s Business News: government parties agree on pension reform formula; start-up bank lays out expansion plans; state brewery bucks export handover; ČEZ bundles…
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Dioxin scare may lead to new and improved food labels
As the German dioxin scare widens, the Czech Agrarian Chamber has been ringing alarm bells, appealing to Czech meat-processing plants not to buy cheap German pork and…
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Pavel Kohout: unconventional economist and government advisor
Pavel Kohout is an economist who seems seldom out of the media. He recently created a stir when he announced he was leaving the government’s advisory committee, NERV, and…
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Betting giant Sazka fighting for survival
The biggest national betting and lottery firm and paymaster for Czech sport, Sazka, is fighting for its survival. On Monday, one of Sazka’s creditors filed for insolvency…
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The good, the bad & the ugly in the dragon’s den
I have never been a fan of reality TV and would be hard-pressed to watch any programme where people try to meet a suitable partner or spend weeks cooped up in a fishbowl…
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Business News
In this week’s Business News: falling fortunes for Sazka, foreign labour leaves Czech market, threats and promises in ad revenue battle, insurance payouts double in 2010…
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Czech search engine Seznam disputes claims Google has supplanted it on local market
Czech Internet search engine Seznam has long been a rarity on the world wide web by beating global leader Google into second place on the local market. But figures just…
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Authorities release list of gas stations fined for selling low-quality fuel
Czech authorities have for the first time released a list of gas stations that were penalized last year for selling low-quality fuel. The index shows that around 50…
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Shopping mall boom at an end
Recent years in the Czech Republic saw a major boom in new shopping centre development throughout the country. Now the boom is at an end. According to the daily Lidové…
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Shock therapy capitalism marks 20th anniversary
Twenty years ago, in January 1991, Czechoslovakia began a crash course in capitalism as the old system of central economic planning that had been in place for the previous…
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Business News
In this week’s Business News: industrial production surges; Internet sales grow steadily but growth slowdown seen in 2011; commercial property market picks up; US company…
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State sheds light on secrets involving settlements over rescued bank IPB
It was the biggest bank rescue in modern Czech history when the state rushed to take over the country’s fourth biggest bank, IPB, as queues formed to withdraw cash and a…
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