Friday, 25 May 2012
Finance | Reuters
Gov't approves tax hikes, says will quit if rejected in parliament

The Czech Republic's revamped cabinet committed on Wednesday to push ahead with plans to raise sales tax and slap an extra tax on high wage earners, and warned it would quit if the deficit-cutting measures were not passed by parliament. That raises a risk of further political turmoil in the country which narrowly avoided a government collapse last month.
Business | Reuters
Investor Bakala plans bid for Ciech

Czech investor Zdeněk Bakala plans to launch a bid for Polish chemicals group Ciech before the summer, two banking sources told Reuters on Wednesday.
Business | The Wall Street Journal
Czech trains tempt travelers off roads

A local entrepreneur is shaking up the Czech passenger rail industry, winning fans with unprecedented levels of customer service and potentially establishing a new business model in central Europe.
Finance | ČTK
Gov't against rise of health insurance for kids, pensioners

The Czech cabinet Wednesday rejected Health Minister Leoš Heger's (TOP 09) proposal that the state increase its health insurance contributions for children, pensioners, the unemployed and other selected groups as of next year.
Business | Czech Position
Why Čepro will be looking for a new CEO

Jiří Borovec is said not to be leaving the well-paid and prestigious post of Čepro chief by choice; it could be over strategy.
Business | aktuálně.cz
Blog: Five families that rule Czech Republic

"(Czech PM) Petr Nečas takes good care not to say anything that would point to the importance of Kellner, Dospiva, Komárek, and others - probably because he is well aware that they have far greater power than himself," wrote Erik Best, a US journalist and publisher of online news bulletin Fleet Sheet, in a blog written for Czech online daily Aktuálně.cz.

Finance | Czech Position
Czech farmers seek tractor traction over tax changes

Czech farmers launch nationwide go slow tractor protest to urge to plow up tax proposals.
Business | The Wall Street Journal
PPF Group mulls bid in Czech mobile frequency auction

The race for Czech mobile frequency bandwidth has heated up with the entry of PPF Group, the richest private-equity firm in central Europe.

Business | The New York Times
To Czech industry, everything is nano

Industries based on nanotechnology are a rapidly growing niche in the economy of the Czech Republic, which, although small, is widely respected for its technical prowess.

Business | Real Estate | Prague Connect
When to step into the Czech property market

With four years of falling property prices in Czech Republic, many potential buyers are watching the property market from the sidelines.
Leaders Magazine | Business | Leaders Magazine
SST head: Czech engineering is on the rise

A talk with Petr Zemánek, General Manager of the Association of Engineering Technology.
Business | Bloomberg
Czech National Bank grants mobile payments license, HN reports

The Czech National Bank granted a license for payments via mobile phones to Mopet CZ, a Czech joint venture of three mobile operators and banks, Hospodářské noviny reported, citing Mopet spokeswoman Vendula Voláková.