Thursday, 28 July 2016
Business | Radio Prague

The recent failed coup attempt in Turkey could cost the Czech Republic dear. A loan of CZK 12 billion from the Czech Export Bank linked to a power plant in the county is in danger following the arrest of executives at the company that commissioned it, Hospodářské noviny reported on Wednesday. The Czech firm Vítkovice Machinery Group (VMG) was selected by Turkey's Adularya, part of the group Naksan Holding, to build the Yunus Emre thermal power plant in the north west of the country.

Business | Radio Prague

This week in Prague the country's Chamber of Commerce hosted a round table looking at the battle between traditional market players and the newcomers, the applications that often put the many in touch with the even more numerous customers or consumers.

Business | Reuters

The Czech government approved a deal with GE Aviation on Wednesday for an investment in a new turboprop engine plant that will cost an estimated 350 million euros.

Business | Reuters

The Czech government approved a CZK 700 million loan to help keep afloat hard coal miner OKD, an insolvent unit of New World Resources, the prime minister and industry minister said on Wednesday.

Business | Radio Prague

The Czech Republic's biggest mineral water company, Karlovarské mineralní vody (KMV), has boosted turnover in the first half of the year by 21 percent compared with the same period in 2015.

Business | ČTK

The Czech government approved on Wednesday a proposal by the Industry and Trade Ministry which accelerates the employment of medium-qualified people from Ukraine, minister Jan Mládek announced.

Business | CIA News

Carmaker ŠKODA AUTO delivered 569,400 vehicles globally in H1 2016, up 4.6% y/y. Deliveries in June 2016 alone grew 4.4% to 98,800 units.

Business | CIA News

The firm Huisman invested over CZK 775m in Sviadnov near Frýdek-Místek over the last five years. Huisman built in Sviadnov e.g. its new development and construction centre or an assembly hall.

Business | CIA News

Czech export to France exceeded CZK 200bn in 2015 and France thus ranked fifth among Czech Republic’s export destinations with a share of over 5%.

Finance | Radio Prague

The number of fake banknotes found in circulation in the Czech Republic by counterfeiters is on a rise, Czech Radio reported on Tuesday - citing statistics released by the Czech National Bank. Most often copied are the 500 and 1,000 crown bills.

Finance | ČTK

The Czech monthly gross minimum wage, on the further increase of which representatives of the government, employees and trade unions did not agree on Monday, was paid to 115,000 people, or about 3 percent of the employees, in 2015, Labour Ministry spokesman Petr Sulek told CTK on Tuesday.

Business | CIA News

Cooper Standard Automotive began building a new assembling hall in Bystřice nad Pernštejnem on July 26, 2016, attended by prime minister Bohuslav Sobotka (ČSSD) and representatives of the region and local administrations.

Business | CIA News

Carmaker ŠKODA AUTO plans to expand to Iran, which the firm sees as a market with high growth potential. The brand also plans expansion to South Korea.

Business | CIA News

Totally 189,100 ha of cereals were harvested in the Czech Republic as of July 25, 2016, i.e. ca. 15% of the total area sown. In 2015, the ratio reached 26.6% as of July 27.

Business | Radio Prague

A law to pave the way for a more efficient and professional Czech civil service came into effect at the start of 2015. Although much of the new package focused on recruitment, that's exactly where the new framework seems to be failing with changes to the system now being prepared.