Wednesday, 30 July 2014
Business | Radio Prague
Czech and Slovak banks sign agreement on supporting joint business ventures

The Czech Republic's Export Bank and Slovakia's Eximbank are to sign an agreement on cooperation in supporting joint Czech and Slovak business ventures abroad. The agreement, which is to be signed in the Slovak capital Bratislava on Tuesday, aims to bolster the two countries' positions particularly on markets in the Far East where the now defunct label Made in Czechoslovakia still has a high brand awareness.

Business | Prague Connect
Interview with Andrej Babiš

"It bothers me that careerists are beginning to infiltrate among us”
Business | Radio Prague
Czech government and Hyundai to sign deal on new plant in Mošnov

The Czech government is to sign a deal with the South Korean company Hyundai Mobis on the construction of a four billion crown plant for the production of car headlights in Mošnov, north Moravia.

Business | Prague Post
Mall built in 2008 finally gets opening date

The Prague Outlet will target people heading to and from the airport
Business | Prague Post
Tripartity agrees on growth in wages paid to people employed by state

Czech PM Bohuslav Sobotka (ČSSD) said during the Tripartity meeting that the wages paid to people employed by the state will grow by at least 3.5% beginning January 2015.
Business | Radio Prague
Pharmacies unhappy with Czech Post’s plan to deliver medicines

The Association of Czech pharmacies has protested against the plans of Czech Post to deliver over-the-counter medicines as a new service.

Finance | Radio Prague
Finance Ministry revises annual growth forecast upwards

The Finance Ministry on Monday revised the country’s economic growth forecast for 2014 upwards to 2.7%.

Business | Radio Prague
Things to think about (By Pepper de Callier)

"Our greatest freedom is the freedom to choose our attitude." Viktor E. Frankl
Business | Radio Prague
Tourism stagnates despite massive state spending

While the Czech Republic has made an enormous investment in tourism in recent years, the injection of funds has failed to yield positive results, according to a new report.
Business | CIAnews.eu
ČMKOS chairman rejects devaluation of Czech crown

On Monday, 28 July, 2014 Czech-Moravian Confederation of Trade Unions (ČMKOS) Chairman Josef Středula rejected an eventual devaluation of the Czech currency towards the value of CZK 28/EUR.

Business | Radio Prague
Press: Czech Republic to pay millions to Volkswagen in lost dispute

The Czech government will pay the German carmaker Volkswagen CZK 301 million after losing a dispute with the firm over settling debts following the privatisation of Škoda Auto, the daily Lidové noviny reported on Monday.
Business | Radio Prague
Polish owner of Czech oil refinery assets boosts volume in spite of low margins

Stepping up refinery activity after just taking a massive hit from the struggling sector might at first glance seem a puzzling strategy. But the Polish overlords of most of the Czech refinery and petro-chemical sector believe they can turnaround the business as they prepare to take over full management control.
Business | Reuters
Hyundai Mobis to build USD 129mln car lamp plant in Czech Republic

South Korea's Hyundai Mobis on Sunday said it will build a 95.65 million euro factory in the Czech Republic to make car lamps for the local operations of compatriots Hyundai Motor Co and Kia Motors Corp.
Business | Reuters
Czech gas pipeline firm puts final touches to revamped capital structure

Czech gas pipeline operator Net4Gas is in the final stages of overhauling its capital structure with equity financing, bonds and bank loans, it said.
Business | Radio Prague
Tax authorities raid two Czech casinos over tax debts

The Czech Tax Administration raided two casinos over their tax debts on Saturday, a spokeswoman for the agency said. One of the casinos is reportedly located in Prague's Wenceslas Square, the other in Jablonec, in noerth Bohemia.