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This week in business: PepsiCo may sell its Central European division to Karlovy Vary Mineral Waters; electricity prices will rise next year, partially thanks to a new government proposal; the Czech Confederation of Industry publishes a bleak outlook for Czech businesses; a new computer system that would detect rigged public tenders is undergoing testing; RWE Transgas will not have to pay major fines to Russia’s Gazprom; the Czech potato harvest is down this season with uncertain consequences on consumer prices.

In Business News this week: the fate of the government-proposed tax hikes for 2013 remains uncertain, Iraq is considering buying small arms from Česká zbrojovka, Czech exporters seek to reduce their dependence on EU markets and IKEA plans to open more stores in the Czech Republic.

In Business News this week: Czech government planning to stimulate growth, approved financial constitution, health insurance companies are falling into debt, and the national brand label “České pivo” increasingly popular with Czech brewers.

In Business News this week: Czech energy giant ČEZ excludes Areva from Temelín tender; EU stress tests reveal potential safety risks at Czech nuclear plants; largest Czech forestry firm goes bankrupt; Czechs continue to spend less on consumer goods; and truck maker Avia plans to expand to US market.

In Business News: the government-imposed ban on spirits incurs heavy losses, the Czech state-owned oil transport company Mero is to buy a minority stake in the TAL pipeline, the EU Commission okays aid to Czech Airlines, and passenger car production growth slows.

In this week’s business news: The Czech national debt has risen by almost 10 percent in the first half of 2012; Real estate prices are dropping for the second quarter this year, while land prices are on the rise; Škoda Auto will introduce a new Fabia specifically for the Indian consumer; Fuel prices are breaking record highs again this week; a number of operational programmes in the Czech Republic will not get the EU funds they were counting on.

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.