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The Czech GDP has fallen in the second quarter of 2012; nominal salaries grew, but not as fast as consumer prices; more Czech companies are among top earners in the region; complicated hiring procedures for foreigners may discourage investors; number of personal bankruptcies has grown immensely in the first half of this year.

This week in business news: the government’s economic advisory council says state institutions are not being frugal enough; fuel prices are breaking high records for the second week in a row; a Czech company will build wind generators in Pakistan; hops harvest this year is drastically lower than usual; and the two main Krkonoše ski resorts will now be run by private companies.

This week in business news: fuel prices skyrocket across the Czech Republic; the Czech government will launch a new scheme to help local business in trouble; the new energy conception seeks to boost nuclear reliance by 2040; Czechs are spending less and saving more; Czech car makers see a rise in production in first half of 2012.

In this week’s Business News: the Czech recession lingers; government receipts fall as the economy bites; the NGO Social Watch issues a damning report of government economic policies; a new study finds that Czechs favour large supermarkets; Česká Pojišťovna manages to stay profitable despite tough times and the Czech postal service announces an IT tender as the organisation expands its services.

In this week's Business News: new inflation and industrial production figures are released; the Czech postal service wins top marks in global efficacy test; unemployment climbs to 8.3%; Finance Ministry seeks to name and shame VAT avoiders; two supermarket chains fined hundreds of thousands for poor practices and foreign bidders seek D1 motorway contract.

In this week's Business News: Czech Airlines to shakeup its flights for the winter season; Komerční Banka reports an increase in profits; household earnings fall for first time since 1993; the country's anti monopoly authority upholds a fine against a local water company; the Czech National Bank revises its economic forecast and the ČNB also keeps interest rates at 0.5%

In this week’s Business News: Czech economic confidence takes fresh hit; Škoda reports strong sales and increased profits; the government is to increase the country’s petroleum reserves; Unipetrol reports significant losses; a survey finds that cleaners and politicians are the Czech Republic’s least prestigious professions and a Finance Ministry report says that taxing betting winnings is not viable.

In this week's Business News: the government reduces its forecasts for deficit reduction; the Finance Ministry predicts slower growth; Moody's affirms the Czech Republic's stable rating; Koh-i-noor is to purchase a French gas company; the country's water management authority commissions a study into a massive canal project and the country's construction sector is hit by the weak economy.

In this week's Business News: Škoda defies the weak economy with record car sales; the Czech Transport Ministry says it will accept financial claims caused by the vehicle registration meltdown; summer storm damages reach half a billion crowns; Czech debt reaches 1.6 trillion despite austerity; inflation rises in June and Czech Railways selects companies for train maintenance contract.

Regional Development Ministry says system of drawing EU funds is fixed; external debt grew by 33.7 billion in first quarter; household indebtedness grew by 3.6 billion from April to May; Nečas says impacts of EU summit measures will be limited; Czech National Bank cuts interest rates by quarter percent.