Business News | All stories

In Business News this week: the Czech economy is out of recession, but new GDP figures are worse than expected; a draft 2010 budget has been approved, with a whopping deficit of 230 billion crowns; analysts warn that the country’s credit rating may slide if next year’s budget deficit is not cut, and Škoda scales down Fabia production as Germany’s scrap incentive scheme comes to an end.

In this week’s Business News: the postponement of early elections spells even more trouble for next year’s budget; the average wage is up – but only because low paid workers have been laid off; the fall and rise of the Prague Stock Exchange seems to have attracted new investors; foreign coffee and fast food companies see room on the Czech market; and the collapse of SkyEurope doesn’t impact Prague Airport so much, says its director.

In this week’s Business News: the slippery budget deficit; a David and Goliath fight over dividends; developing woes at Orco; boosting local cigarette production; and a novel call for performance related pay.

In Business news this week: the Labour Ministry plans to introduce four-day working week; building output drops nearly five percent; Moody’s lowers ratings for Czech banks; Czech doctors treated more EU patients in 2008; and More than 26 percent of Czechs regularly bet.

In this week’s Business News: signs of an industry upturn; survey pinpoints labour and learning gap; and both ČEZ and Czech Railways seek out new frontiers; and search engine company targets the sound waves.

In this week’s Business News: the central bank says the worst is over; commercial banks drag their feet on rate cuts; a Prague court throws out an insider dealing charge; Czech performance on internet economy assessed; and a Papal blessing for a monopoly producer.

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.