Business News | All stories

In Business news this week: Climbing the rankings of competitive nations; why Czechs are making so much plastic; a quarter of Czech children posess bank accounts; film producers angry about lack of progress of tax-incentives and Škoda wins a bid to continue to supply police-cars in the country.

In Business News this week: March’s trade surplus is half that of the same month a year previously; Google ups the ante in the battle for search supremacy with the launch of a map system for Czech users; Czech coal magnate Zdeněk Bakala celebrates an extremely successful IPO; after a sharp increase in property values, the price of old flats in Prague begins to fall; Czech households pay the lowest prices for electricity in the central Europe region, says a new study: and sales of high definition televisions are set to pass out sales of classic sets

In Business News this week: High inflation but low unemployment, a fake blog is exposed as a marketing ploy, rumours abound that Microsoft will buy Seznam, a look at the Czech snail business and the country's most absurd bank fee.

In Business News this week: the OECD says the Czech Republic could catch up with western European levels of prosperity in ten years’ time; shares in a Czech coal mining firm are to debut on the London Stock Exchange; Czech firms spent nearly 50 billion crowns on advertising last year, and cigarette prices are set to go up in the Czech Republic.

In Business News this week: the Czech Republic receives 15 million euros from the EU’s budget surplus; the number of foreign workers is up in the first quarter of this year; Czech retail sales have grown in February beyond expectation; Czechs are spending more time and money in malls than ever before, and Spar is planning a new chain of small city shops in Prague.

In Business News: the Finance Ministry and the Czech National Bank agree on measures to fight the fast appreciation of the crown; the central bank’s governor says it is keeping interest rates low in order to avoid further firming of the Czech currency; the foreign trade surplus increased by ten percent; a new body is set up to prepare for euro adoption; and the biggest urban building project since 1989 gets underway in Prague.

In Business News this week: the Czech finance minister puts forward plans for a radically simplified “super tax”; the Czech tractor maker Zetor sees a 14-percent rise in sales; the Ministry of Agriculture launches a huge organic food promotion campaign; there is speculation the country’s biggest search engine could go on the block; and a Czech travel agency is offering flights in space on Virgin Galactic.

In Business News this week: The prime minister suggests that next year’s public finance deficit could be lower than expected; the Czech Finance Ministry says it has won its court case against ArcelorMittal; Dutch brewer Heineken is set to take over north Bohemian beer producer Drinks Union; Prague’s Ruzyně ayirport is bracing itself for a record number of passengers in 2008, and one in five Czech managers take ‘smart’ drugs to help them up their energy levels.

In Business News this week: 43,000 Czechs are working legally abroad in the EU’s 15 oldest member states; the Czech National Bank wants to freeze all proceeds generated by the privatization of state assets; the country’s biggest chain of record shops has announced that it will shut five of its stores; the number of people to visit Czech websites has risen in the last two years by over 1.5 million, and a newspaper accuses Czech Railways of failing to inform clients about discounts that they are entitled to.

In Business News this week: the Czech Republic’s current account posts a surprise surplus of 4.8 billion crowns; Škoda Auto’s sales are up by nine percent; thirteen percent of Czech firms are planning foreign expansion this year; guest numbers at luxury Czech hotels rose in 2007, and public broadcaster Czech Television generated more than it expected from license fees last year.