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Representatives of the Ústí region have signed off on a land deal crucial to persuading South Korean based global tyre manufacturer Nexen to set up a new plant in the Czech Republic. Formalities still need to be completed, but what could turn out to be the biggest ever foreign investment in a new plant is already being described as a done deal.

The fiscal pact is one of the talismans of the coalition government’s new pro-European stance. But it’s not a done deal that it will get the votes needed in parliament to go through and former finance minister Miroslav Kalousek has just signaled that TOP 09 votes in support will not be coming cheap.

One result does not make a summer, or a winter, but it can easily dent fragile optimism. And ČEZ’s first quarter results released Tuesday probably achieved that as well as putting a brighter spotlight on the power company’s future strategy.

A new poll released by the Czech discount retail website Skrz.cz, which offers the use of a search engine to trawl for the best deals – has suggested that Czechs trying to save money cut-back most on either clothes or food, opting to knot an older tie or chow down on cheaper food, presumably, rather than knock themselves out at boutique fashion shops or swanky restaurants.

Sourcing supplies and manufacturing has got a lot more complicated and fragmented with globalization. In many cases, countries are just partial providers or stops for goods or services before they end up with the final consumer. But appreciation of the more complex creation of wealth and trade flows is only beginning to be pieced together by international and national policy makers.

The Czech government is expected to approve a Transport Ministry amendment aimed at getting infrastructure projects – currently stalled – back on track. The completion of both highways and railway routes depends on winning over disaffected landowners by offering better prices for arable land than they had until now.

More bricks than ever will fall into place at Lego's Kladno plant.

The Czech coalition government has outlined it economic predictions to 2017, seeing public spending recovering but the overall burden of increased generosity being largely covered by higher growth. Details are still thin on efficiency and cost saving initiatives.

Some basic profit and loss accounts for EU membership have been produced, though an exact figure in the bottom line is not easy to determine.

The Czech Republic’s most watched television channel, TV Nova, could be set to change hands. Coal tycoon Pavel Tykáč is teaming up with the country’s richest man, Petr Kellner, in a bid to buy Nova’s owner CME, Mladá fronta Dnes reported on Tuesday.