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In this week’s business news: Czech banks are getting ready to sign off on what could be the largest-ever club deal, negotiations between Škoda Auto management and unions continue, the Czech Agrarian Chamber’s president has said that egg prices will stabilize, the cost of fuel has hit a record high and the American coffee retailer Starbucks has opened its first Czech branch outside of Prague.

In this week’s Business News: the Czech Republic finds itself in a recession; women are earning a quarter less then their Czech counterparts; bankruptcy declaration reach a four year high; computer sales are set to soar in 2012 and a new law is giving the government the muscle to tackle shady employment practices.

In this week’s Business News: the most absurd bank fee is announced; a study finds that a third of young Czechs are working flexible hours; fears that eurozone unemployment could hit Czech exports; the Finance Ministry is seeking to lure investment funds into the country and Czech Railway cutbacks mean fewer train conductors.

In Business News: Fuel prices reach new highs at Czech gas pumps; the Czech crown weakens mid-week; zero-percent growth is projected for the Czech Republic in 2012; food giant Hamé says it will mend its ways.

In this week's Business News, the Czech Republic sees a fall in truck production; household spending stagnates; January sees inflation up again; social security finds itself in the red for three years in a row and supermarkets are caught re-labelling out-of-date food.

In Business News: The government debt has reached almost 40 percent of the GDP; unemployment in January rose to 9.1 percent; the Czech state loses an estimated 25 to 30 billion crowns every a year on account of tax evasion; union representatives have rejected a 2.5 percent salary bump offered by car manufacturer Škoda Auto; the sale of winter clothing and apparel – including winter wear for dogs – has jumped markedly in the cold snap.

In this week’s business news: Prime Minister Petr Nečas announces estimated additional cuts of 26 billion crowns to the state budget; a Czech MEP has praised the country’s refusal to join the fiscal compact; the Agriculture Minister is set to dismiss the CEO of a state-owned brewery; the country’s nuclear energy exports reach a record level; and, a poll finds that the majority of Czechs consider the current economic situation poor indeed.

The Czech Republic got 31 billion more than it gave from the EU in 2011; 15.6 billion may have to be returned to the EU due to errors in subsidies use; petrol prices continue to reach new records; banks plan to open dozens of new branches in 2012; Social Democrats propose bills to decrease household indebtedness.

In today’s business news: The head of the Erste Group predicts an economic revival in the Czech Republic for the second half of 2012, foreign direct investment into the country has reached 2.5 trillion Czech crowns since 1993, carrier Czech Connect Airlines has filed for bankruptcy, a SANEP poll finds that the majority of Czechs think the country’s billionaires are corrupt, and food inspectors have confiscated 2.5 tons of spring rolls containing mice droppings.

In today’s business news: Consumer prices have risen by 4.7 percent following a VAT hike, the American Anheuser-Bush purchases the Budějovický měšťanský brewery in hopes of improving its chances in an ongoing trademark dispute, public health insurer VZP may see a budget deficit of up to three billion Czech crowns in 2012, regular and diesel fuel reach record prices, and the forecast for the Czech construction sector for 2012 is the worst among the Visegrad Four.