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In this week's business news: the Czech economy slows down; the Czech crown drops against the dollar and euro; the ČEZ energy producer reports record profits; Czech music industry sales drop; and fewer tourists arrive in the Czech Republic.

In Business News this week: the Czech National Bank lowers the key interest rate by one-quarter percentage point to 3.5%; some large exporters are considering pegging employees’ bonuses to the euro; the Prague Stock Exchange goes on sale; prices of consumer electronics in the Czech Republic were second lowest in the EU in 2007; and with the Czech market becoming saturated, shopping centre developers are looking east.

In Business News this week: the price of some flats has begun falling in parts of the Czech Republic, according to press reports; the most common car on Czech roads is the Škoda Felicia, though the number of domestically produced autos owned by Czechs has fallen in recent years; operators of multiplex cinemas are increasingly looking to the regions as the market in Prague becomes saturated – though audience numbers have fallen significantly; and goat farming is becoming more common due to subsidies and demand for organic food.

In this week's Business News - The Czech Republic has seen a decline in mortgage loans by a fifth according to top banks operating in the country; new data from the Czech Agriculture Ministry along with the Hopsteiner Company indicates that the Czech Republic was the 16th largest beer producer in the world in 2007...

In Business News this week: the reduction in Russian oil deliveries continues, leading Czechs to look for alternatives; the Senate has passed pension and sick pay reforms; rail operator České drahy has been fined for stifling competition, and Volkswagen is considering building its Up! mini-car in Eastern Bohemia.

In this week’s Business News, the planned US radar base in the Czech Republic will apparently use Czech power and be built with the help of Czech companies; new statistics from the Czech Labour Ministry reveal that a record number of foreigners came to work in the Czech Republic; Koh-i-Noor Hardmuth, a pencil and stationary company in the Czech Republic has announced plans to close down its České Budějovice production plant after 160 years; a leading Czech consumer advocacy group called SOS has warned shoppers to be wary of a misleading practice

This week in Business News, TV Prima makes money broadcasting the Euro 2008, despite the Czech team's exit; women managers on the rise; good trade results see the Czech crown break a new record against the Euro; the haléř is on its way out and drivers flock to independent gas stations in search of cheaper fuel.

In Business News this week: Hundreds of Czechs are laid off as firms are hit by the strength of the crown; household electricity prices are set to rise again; Prague readies itself for one of the biggest urban development projects the country has ever seen; Burger King is expanding into the Czech market; there are over 17,000 dollar millionaires in the Czech Republic, and retro Tatra cars make a comeback.

In this week's Business News, Czech Budvar comes to China, high costs push Czech transportation companies out of business, both wind and gas power usage is set to increase and a building boom in the Czech Republic sees the country at the top of the EU construction table.

In Business News this week: It looks like the national bank will postpone cutting interest rates; Plans to privatise Prague Airport have attracted no small amount of interest; over a quarter of a million foreigners are currently working in the Czech Republic; the insurer Lloyd’s is set to enter into the Czech market, and the discord between piano makers Petrof and their former American distributor continues.