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In Business News this week: Vodafone seeks damages over high speed Internet connections; KMV bags Hungarian bottled water company; second Chinese bank announced Czech expansion; Škoda Auto looks to remedy slack Indian sales; Gufex gets showcase at world championships.

In Business News this week: the current account of Czech Republic’s balance of payments shows the first surplus ever recorded; Czech household debt reached 1.7 billion crowns last year; Czechs spent over 13 billion crowns in foreign online stores in 2014; Honeywell expands its innovation centre in Brno; Skoda Auto launches production of new Superb:

In this week’s Business News: Tesco rings up Czech losses; massive nuclear contract for Czech engineering firm; national bank governor says no bonus from euro entry; PPP projects under consideration again at transport ministry; and tram maker angered by price and cost ‘slur’

In this week's Business News: Fewer companies announce mass layoffs in January than the previous year; in a working paper, the EC says the state of public finances has improved; the minimum monthly wage in the Czech Republic is one of the lowest in Europe.

In Business News this week: Czech Export Bank renews euro loans for exports to Russia; Tatra Trucks sign memorandum for supply of parts to India; President set to become first owner of new-generation Škoda Superb; breweries Radegast and Krušovice win UK’s International Brewing Awards; and spirits producer Rudolf Jelínek to enlarge orchards in Chile.

In Business News this week: the Czech economy grew by 1.3 percent in the last quarter of 2014; Czech brewer Plzeňský Prazdroj announces record sales for 2014; natural gas sales lowest in the last decade; British developer threatens legal action over shopping mall project; mineral water producer Poděbradka increases its sales by 10 percent.

In Business News this week: Czech National Bank announces prolonged forex intervention until second half of 2016; Czech firm Excalibur Army to provide tanks for Iraq; nearly 25,000 new firms established in Czech Republic last year; 47 percent of Czechs in favour of relaxing limits on coal mining; Czech Airlines to launch signature aroma.

In Business News this week: Study suggests grey economy equal to 15 percent of GDP; meat production up after over decade of decline; personnel agencies warn of huge shortfall in some specialists; VAT rise on cigarettes to kick in next month; and smart phones pass out classic mobiles on Czech market.

In this week’s Business News: Czech companies look to manufacture new generation of drones; toy makers see international playground; sale sign goes up on Zuno bank; Czech crown for Miss Universe event; and pay as you stay coffee shop revolution promised for Prague.

In this week’s Business News: Ikea doubles Czech profits; oil explorer gets seismic in South Moravia; Leo Express says breaks even on passenger operations; South Bohemia plots international airport aspirations; and new step for Internet commerce.