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In the Business News this week: Korean Air completes deal for 44-percent stake in CŠA; jobless rate falls for first time in nine months, but only slightly; labour costs in Czech Republic are below half EU average; car production slows; mobile operators are offering new low monthly prices for unlimited calls; and forest owners want state compensation for recreational use of land.

In Business News this week: government plans to tighten rules for firms bidding for public contracts; Parliament releases parties’ accounts for 2012; Telefónica considers selling stake in Czech division; new film incentives programme attracts foreign productions; women’s salaries grow faster than men’s; and every other Czech would struggle to pay unexpected expenses of 15,000 crowns.

In this week’s Business News: Czech wine producers have begun raising prices; the majority of Czechs are far from optimistic with regards to the country’s economy; Prague’s Václav Havel Airport will offer flights to fewer destinations this summer season; unions and automaker TPCA have not found common ground on a collective bargaining agreement.

Two mobile service providers will introduce first 4G networks in the Czech Republic; ČEZ and Czech Coal strike a major deal worth CZK 200 billion; Tesco is facing a possible fine over horsemeat; European Commission has begun reviewing the tax evasion case against the Czech government; Opposition Social Democrats say they will introduce higher taxes; Famous sportsmen invest in solar energy.

In Business News this week: Korean Airlines are to acquire a 44 percent stake in ČSA; Česká Spořitelna planning lay-offs despite high profits; despite efforts to find new markets, the Czech economy remains heavily dependent on export to EU states and two Prague restaurants hold onto their Michelin stars.

In Business this week: Korean Airlines bid for a 44 percent stake in the Czech national carrier Czech Airlines, hackers attack the websites of leading Czech banks and the Prague Stock Exchange, there has been a further growth in unemployment and a drop in spirits sales in the wake of last year’ s methanol poisonings.

In business news this week: monthly Czech household debt has fallen for the first time in 11 years, while consumer confidence went up; Telefónica released lower earning figures for last year than was expected; food produced Hamé wants to expand to Africa and the Middle East; plan for the Czech-Austrian Mozart pipeline has been revived; produced of esophagus stents wins Czech innovation prize; year-on-year profits for Czech pension funds went up last year.

In Business News this week: The Czech economy is passing through the lowest point of the recession, says the head of the central bank; the EC predicts the Czech economy will stagnate in 2013; CEZ and Czech Coal are reported to be close to a deal worth a whopping CZK 200 billion-plus; 40,000 Czech customers file a class action for the return of bank charges; and a fifth of Czech medicines are being resold in more expensive markets.

In Business News this week: The current Czech recession equals in length the longest previously recorded; the industry minister says the government will look into the issue of excessively high prices set for solar power; Becherovka loses CZK 100 million due to a spirits ban; and art collectors have spent in CZK 5.4 billion at Czech auctions in the last decade.

Business news from the past week: ČNB released a new prognosis for GDP growth for 2013; Unemployment figures are up again in January; Russian and Chinese tourists boost profits for luxury items retailers in Prague; Russian bank Sberbank set to open Czech branches; ČEZ has filed international lawsuit against Albania; Fuel sale regulations bill passes through the first reading in the lower house.