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In this week’s Business News: the ad spending slide hits Nova profits; one sole order for Staropramen; bad loans provisions hit Česká Spořitelna; ČEZ powers up in Germany; and Czechs lose taste for pork products.

In Business News this week: stark predictions of a shrinking economy from the Finance Ministry; snub for local film sets; euro adoption pledge from Social Democrats; pump maker blues; and what the Big Mac says about the economy.

In this week’s edition of Business News: poor sales figures create fears of a deepening recession; dirty tricks allegations in the energy sector; the Yeti’s showroom debut; foreign tax havens lure Czechs; and foreigners desert local hotels.

In Business news: ČEZ generates nearly one third less hydropower; Czechs are among the EU countries that least abuse European funds; Prague taxi-drivers are not the worst in the country; almost one third of large customers change their electricity provider; and the best selling non-fiction book in the country is about the economy.

In Business News this week: the prime minister this year’s state budget deficit will total at least 150 billion crowns; The Czech Republic wins arbitration over Union Banka; the energy giant ČEZ takes out a loan to build a Romanian wind farm; Czech rails are to open up to competition; the global economic downturn hits Czech prostitutes; and the central bank issues coins to honour painter Alfons Mucha and the 14th century Czech king, John of Luxembourg.

In Business news this week: the Czech Republic is counting the costs of the flash floods hitting northern Moravia; the Czech Nation Bank keeps its key interest rate unchanged; a new runways at Prague’s Ruzyně Airport promises around 17,000 jobs; energy giant ČEZ is going to build a new gas-fired power plant; and the Investor of the Year awards are handed out.

In Business News this week: speculation soars over Staropramen bid; emissions handout sparks controversy; Czech financial sector gets positive health check; and Aero Vodochody profits take off.

In Business News this week: recession strikes; unemployment stabilises; hard coal producer announces layoffs; Orco confirms the worst; and the steady advance of a sunrise industry.

In Business News this week: foreign investment eases; complications hit Budvar sale preparations; bankruptcies hit a five year high; the auto sector earns less for more; and the Finance Ministry sees no role for film perks.

In Business News this week: the Central Bank says it may cut interest rates further, the Czech Republic’s fourth biggest beer producer Budějovický Budvar is bringing out an 11 percent brew and hobby markets in the Czech Republic are doing good business despite the crisis.