Thursday, 18 March 2010
Business | CBW
Becherovka wants to be more than a local brand

After 200 years of being largely a local Czech brand, the producers of Becherovka aim to drastically increase its market. The iconic Czech drink will soon be competing on the Chinese market as a "luxury" alcohol brand.

Business | CBW
KB wants to boost operations through quality services

The third largest bank in the Czech Republic by asset value, Komerční banka crossed the turbulent economic waters of 2009 in good shape thanks to its conservative policies and firm cost management control.
Finance | ČTK
Klaus: Public finances, not crisis need fixing

The economy will pick up even without the state's active fight against the crisis, which is subsiding anyway, President Václav Klaus said at the Žofín Forum conference yesterday.
Business | ČTK
Retail sales up 0.6% on the month in January

Seasonally adjusted retail sales rose by 0.6% on the month at constant prices in January only due to the increased sales of motor vehicles, the Czech Statistical Office said yesterday.
Business | ČTK
Fischer: Energy security compares to national defense

Energy security is the fundamental topic of Czech foreign policy, like national defense, Prime Minister Jan Fischer said at the 10th energy congress yesterday.
Finance | ČTK
Deputy FinMin: Budget expenditures should be cut by CZK 42bn

To achieve lower deficit in public finances it is necessary to cut budget expenditures by CZK 42 billion while raising revenues by CZK 12 billion annually in the next two years, Deputy Finance Minister Bohdan Hejduk said at the economic forum Zlatá koruna yesterday.
Business | ČTK
Dutch, Germans heaviest investors in Czech market

The Dutch, Germans and Austrians are the most prevalent foreign owners of Czech companies controlled by foreign entities though domestic entities still control nearly 57% of the overall registered capital worth CZK 2,078 billion, Cekia said.
Business | ČTK
Travel agencies' revenues down a fifth in 2009

Revenues of travel agencies and guides in the Czech Republic sank by a fifth to CZK 36.5 billion last year, mainly due to the economic crisis, Mag Consulting said yesterday citing preliminary data of the Czech Statistical Office.
Business | Reuters
Czechs seek to temper solar investment boom

The Czech Republic does not spring to mind as one of Europe's hot spots, yet an over-used subsidy scheme has created a bonanza for solar power that has ignited fears of a spike in energy prices and grid instability.
Business | ČTK
Govt earmarks CZK 2.25bn for road repairs

The government yesterday set aside an extraordinary amount of CZK 2.25 billion for repairs or roads and railway tracks after the winter.
Business | CBW
Wisdom outsourcing

Confronted with the economic crisis and the pressure to reduce costs, Czech companies are learning more and more how to outsource their services and strategic operations.

Business | ČTK
Wages in state and non-profit sectors higher than in private businesses

Wages in the Czech Republic's non-business sector are much higher than wages in private companies, according to data of the Average Income Information System run by the Labour and Social Affairs Ministry.