Tuesday, 17 October 2017
Business | ČTK

The contract for the delivery of Israeli MADR radar systems for three billion crowns for the Czech military is finished, but it will not be signed before the forthcoming October 20-21 election, daily Pravo writes on Thursday.

Business | CIA News

NET4GAS will invest into increasing the capacity of its gas pipeline grid as part of project Capacity4Gas. The investment into the Czech grid is estimated at several hundreds of millions of euros.

Business | CIA News

ASIANA, the operator of air ticket portal Letuška.cz, increased in 1–3Q 2017 its turnover to a record CZK 4.5bn. Air ticket sales accounted for the largest share with 77 %, generating a turnover of CZK 3.5bn (+ 64 % y/y).

Business | CIA News

One third of companies with 50 to 250 employees regularly apply for subsidies. Thirty-nine percent of these companies have applied for subsidies at least once. Almost one quarter of companies repeatedly apply for subsidy support.

Business | Radio Prague

Iran is one of the world markets that everyone wanted recently to get a share of with the prospect of sanctions ending, oil and gas exports starting in a significant way, and imports rolling in as the country starts to modernise. Full scale diplomatic relations between Prague and Tehran now appear on the verge of being restored, according to Hospodářské noviny.

Business | ČTK

The Spolana chemical plant in Neratovice and the power plants operated by the state co-owned ČEZ utility were the worst air polluters in the Czech Republic in 2016, according to the rating the Arnika environmentalist group released on Wednesday.

Business | ČTK

The Czech government rejected on Wednesday ANO's proposal to annul the memorandum on lithium mining signed by Industry and Trade Minister Jiri Havlicek (Social Democrats (CSSD) with the Australian firm European Metals Holdings (EMH), Foreign Minister Lubomir Zaoralek (CSSD) has told reporters.

Business | Reuters

Volkswagen's Czech carmaker Skoda Auto underscored its commitment to its home country on Wednesday, saying it was planning to add jobs there amid worries the business could lose some production to Germany.

Business | ČTK

The CEZ Group, the Czech largest energy utility, has invested 100 billion crowns in the second wave of greening of North Bohemia's brown coal power plants, Ota Schnepp, the CEZ spokesman for North and Central Bohemia, told CTK on Wednesday.

Business | CIA News

Metrostav has been awarded a contract for the construction of a bridge in Norway. The total value of the public contract is about CZK 2.2bn, of which CZK 1.5bn will go to Metrostav and CZK 700m to its Norwegian partner, Bertelsen and Garspestad.

Business | CIA News

Canadian firm BMO Real Estate Partners (BMO REP) has acquired, on behalf of its European investment real estate investment fund, a department store in Prague, currently used by the Van Graaf brand.

Business | CIA News

On October 11, 2017, Minister of Industry and Trade Jiří Havlíček (ČSSD) signed the Memorandum on the Future of the Czech Automotive Industry on behalf of the Czech government. For the automotive sector, the Memorandum was signed by the president of the Automotive Industry Association (AutoSAP), Bohdan Wojnar.

Finance | Radio Prague

The outgoing Czech PM, Bohuslav Sobotka, says the country should adopt the euro as soon as possible in order to remain at the core of the European Union, Novinky.cz reported. Speaking at a congress of the Confederation of Industry, the Social Democrat PM said there was no other path open to the Czech Republic. Mr. Sobotka said all modernisation measures would function only if the country were members of the EU's free internal market and part of a core of economically strong member states.

Business | Prague TV

Czech carmaker Škoda will start making electric car batteries in Mladá Boleslav for it parent company Volkswagen. The scope of the contract has not been disclosed, but it should create new jobs as carmakers transition away from fossil fuels.

Business | CIA News

Carmaker ŠKODA AUTO delivered totally 112,900 vehicles to its clients in September 2017, up 5.4% y/y. Deliveries grew for the 22nd consecutive month. European deliveries soared 8.9%.