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In Business News this week: Škoda Auto seen rolling out four new models in 2017; Average wages rise by 3.9 percent in second quarter; Union groups call for hike in minimum wage to 11,500 crowns a month; Central bank announces modest foreign currency interventions in July; Finance ministry revises expenditure and revenues but deficit proposal stands; Unemployment drops to 5.3 percent in June.

In Business News this week: Škoda Auto unveils new Kodiaq SUV in Berlin; Budget airline Ryanair planning two new routes from Prague next summer; ANO justice minister backs more powers for customs officials; Chinese investors CEFC free to buy high-end Prague hotel; Prisoners to keep working at call centre for mobile operator:

In Business News this week: Ostrava court starts bankruptcy proceedings against Vitkovice Power Engineering; Finance Ministry wants customs officials to investigate tax crime; Tax payers warned not to respond to fraudulent text messages asking them to pay arrears; Arbitration court rules Prague will not have to pay ČKD Praha DIZ 1.7 billion crowns; iDnes: Czech firearms, military equipment manufacturers, exported goods last year worth a record 15 billion crowns; Supreme Audit Office finds serious shortcomings in manner of funding renovation of heritage

Business roundup: The average price of Prague flats has continued to go up; the military is assessing offers of mobile radars; an extra billion crowns from budget will go toward university teachers' pay; the Regiojet rail company posts numbers in the black.

In this week’s Business News: mining company OKD heads for restructuring; hop crop seen rebounding; unemployment back on the up; Cobra delivers on tax evasion clampdown; more and older cars on road; and local wines make mark.

In Business News this week: first half homes loan figures set new record; central bank raises growth expectations for 2016; new car sales ease in July for first time this year; Komerční Banka squeezed on stock exchange after six month figures; and financial police poised to make a return.

In Business News this week: OKD thrown 700 million crown lifeline; helicopter purchase tender ready for take-off; Forever 21 to launch in Czech Republic; audacious proposal for planning permissions; and interior ministry held to account.

In Business News this week: Change of hands looms for Prague’s tallest office bloc; Dubai company launches arbitration over payments for Prague plots; Czech total of unpumped EU funds shrinks to 6.8 billion crowns; Czech Republic ranks 26th on BDO’s investment potential list; ČEZ applies for EIA over new blocks at Dukovany; Mortgage rates reach new low of 1.87 percent:

In this week’s Business News: Brexit is Czech business opportunity says top government official; foreign workers on the rise; ČEZ starts fresh arbitration proceedings in Balkans; inflation remains at low levels; and single payment site costs billions without result.

In Business News this week: Industrial production accelerates in May to 8.6 percent; Government approves increased tax credit for families with two or more children; Foreign trade surplus shrinks to 18.2 billion crown in May; Foreign trade surplus shrinks to 18.2 billion crown in May; Avast to acquire Dutch rival AVG Technologies; Czech truck manufacturer Tatra Trucks making inroads in Middle East, Asia, looking to increase workforce.