Tuesday, 21 October 2014
Business | Radio Prague

A new campaign to support Czech-made food products will be launched this month.

Business | Radio Prague

A new poll conducted by the ČSOB bank for the Czech News Agency suggests that a majority of Czech companies – just under 70% – consider sanctions against Russia by the European Union and the US the right course of action. In mid-September ČSOB questioned more than 500 domestic companies. The same percentage, as it happens, agreed that losses as a result of Russian repercussions were not drastic.

Business | Fresh Plaza

Czech apple prices have dropped by 20 to 30%, mainly due to the Russian ban on imports and to this year's bumper harvest. Growers fear they risk falling short in funds for investment and operations, as stated by the president of the Fruit Union of the Czech Republic, Martin Ludvík.

Finance | Radio Prague

The number of Czech dollar millionaires in the Czech Republic increased by nearly eight percent in 2013 to reach a record 19,400 people, according to the firm Capgemini and RBC Wealth management.

Business | Radio Prague

The troubled national carrier Czech Airlines is looking to drastically lower monthly salaries from the start of next year. According to the daily Lidové noviny, experienced captains with long tenure will be the hardest hit, seeing a drop in wages of up to 30%.

Finance | Radio Prague

Health workers will receive a pay rise in January not at the same time as other state employees at the start of November, says Prime Minister Bohuslav Sobotka.

Business | Reuters

China has shown interest in building nuclear reactors in the Czech Republic, Industry and Trade Minister Jan Mládek said on Tuesday, joining four other potential contractors. The Czech government is considering opening a new selection process for building nuclear power units after majority state-owned utility ČEZ scrapped a tender to build two new blocks of 1,200 megawatts each in April.

Finance | Radio Prague

The three parties of the ruling coalition are poised to fulfill their election promises and scrap the second pillar of the pension insurance scheme introduced by the former center-right cabinet of prime minister Petr Nečas.

Business | Reuters

Czech telecoms operator O2 Czech Republic has received a request from its majority shareholder PPF to provide an up to CZK 24.8 billion (USD 1.14 billion) loan to its majority shareholder PPF to pay off part of acquisition debt.

Business | Reuters

Fortuna Entertainment Group's Chief Financial Officer Michal Veprek will leave his position at the end of the year, the Czech betting company said on Tuesday.

Business | Reuters

New World Resources' (NWR) mining unit OKD will lay off 300 people by the end of the year, mainly office staff and above-ground workers, ČTK news agency reported on Monday.

Business | Radio Prague

The Ministry of Transport carried out a strange accounting move at the end of 2012 that reduced the budget deficit the following year, the Czech Republic's Supreme Audit Office says in freshly released report.

Business | Bloomberg

Westinghouse Electric Co. LLC, the U.S. nuclear builder owned by Toshiba Corp., offered the Czech government help with financing the future expansion of nuclear power stations.

Business | Radio Prague

The Labour and Social Affairs Ministry has drafted a bill which would allow thousands of miners to go into early retirement, thereby easing the social impact of the planned closure of the Paskov black-coal mine in north Moravia.

Business | Radio Prague

The Czech tram manufacturer Inekon has won a tender to sell trams to the US city of Detroit.