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In today’s business news: A debate on tax reform has been postponed due to a dispute over flat expense deductions between the prime minister and the finance minister, the bankrupt betting giant Sazka is to be sold in a public tender, grocery chains launch online discount coupons, the Czech Tourism agency announces a campaign targeting gay and lesbian travelers, and an American journal finds that Czech banknotes have some of the world’s highest levels of a potentially dangerous chemical.

In Business News: Prague bourse sees trading drop in face of worries over new economic downturn; Czech Railways weighs the controversial purchase of 16 new trains at the cost of five billion crowns; leading commercial vehicle manufacturer DAF acquires a 19-percent stake in Tatra trucks; sources report that at least two firms have applied to launch exploratory operations in search of new shale gas reserves.

In Business News this week: foreign investment in the Czech Republic rises to pre-crisis levels; the country’s grey economy amounts to 565 billion crowns; the Transport Ministry plans to raise road toll by 25 pct next year; decrease of new cars’ prices in the Czech Republic are among fastest in Europe; debts of Czech household keep rising and are more difficult to collect; and the famed Czech distiller Rudolf Jelínek is moving its headquarters to Holland.

Finance Ministry raises growth outlook for this year and the next; ECM Real Estate declared bankrupt; Central European banking has stabilised; Forbes magazine is coming to the Czech Republic; Zuno Bank opens its virtual doors to Czech customers.

In today’s business news: The European Commission launches an antitrust investigation into the Czech energy giant ČEZ, self-employed individuals may be among those who profit from an overhaul of the Czech pension system, a new law eliminates advertising on two public TV channels, Czech tennis star Petra Kvitová’s marketing potential receives a significant boost due to her Wimbledon victory, the regional brewery Svijany posts record profits in 2010 and Czechs pay up to 20 percent more for mobile phone services than clients in neighboring

In today’s business news: The Czech antimonopoly watchdog launches a probe into the controversial Promopro contract, industrial production in the Czech Republic has grown by 15.2 percent year-on-year, the average cost of purchasing a vehicle continues to drop, former president Václav Havel features in new ad campaign for the used car dealer AAA Auto, and the Karlovy Vary airport will get a new departure hall.

In this week’s business news: Finance Minister Miroslav Kalousek has presented three different options for state budget cuts, the Labor Ministry has announced a tender for the new welfare payment cards, direct flights between Prague and Abu Dhabi will be launched in September, for the third time this year, a Czech travel agency files for bankruptcy, and a Czech daily writes that Vietnamese small business owners are often blackmailed into paying protection money.

In today’s business news: The Czech prime minister speaks out against using EFSM funds to bail out Greece; the agrochemical giant Agrofert holding is to acquire eight new companies; the Czech power giant ČEZ will be collaborating with consultancy firm McKinsey & Co; the country’s fruit farmers and wine growers estimate damages caused by unexpected frosts in spring to reach half a billion crowns; and the biggest Czech insurer brings forward an interesting analysis of the country’s pension savings habits.

In today’s business news: Czech Railways has released an estimate of the damages that the strike caused the company, Prague’s taxi drivers and hotel owners benefit from the transport strike, the metallurgical company ArcelorMittal Ostrava sees profits of 758 million Czech crowns, the Finance Ministry has halted its administrative proceedings against the betting giant Sazka and the Manpower Employment Outlook Survey predicts an increase of employment opportunities by 3 percent in the next quarter.

Economic growth exceeds expectations; exports up by 30% in 2010; Škoda Auto enjoys high sales in May; inflation speeds up to 2.0; Wizzair boosts Brno airport traffic with a new route to Eindhoven.