Tuesday, 28 March 2017
Business | CIA News

ŠKODA AUTO will market its first purely battery-powered model in 2020. According to Škoda Auto CEO Bernhard Maier, the first idea of how the electric future of ŠKODA might look will be presented at the motor show in Shanghai.

Business | CIA News

New light utility vehicle (LUV) registrations up to 3.5 tons in the Czech Republic dropped 3.3% y/y to 1,335 in February 2017. Registrations in 2M 2017 grew 8.6% to 2,799.

Business | Radio Prague

Škoda Auto has just enjoyed the most successful year in its history. The Czech-based carmaker saw its profits climb by just over a third in 2016 to reach CZK 25.7 billion. It was the third year in succession that Škoda, the country's biggest exporter, made a new record profit. Sales rose by 10 percent to a record CZK 370 billion. Also up was the number of cars delivered to customers, which grew by 6.7% to 1,127,000.

Business | Radio Prague

Prague has just hosted a hackathon with global participation with the target to brainstorm and come up with solutions for cities like the Czech capital where getting from A to B can be a stressful and time consuming process.

Finance | Yahoo Finance

Central European government bond yields and stocks mostly fell on Wednesday, tracking global markets, as doubts grew over U.S. President Donald Trump's plans to stimulate the economy. The Czech government, meanwhile, cut offers at a bond auction to stem a rise in yields.

Business | CIA News

For 2017, the ČEZ Group plans a 7% year-on-year increase in production from conventional energy to 64 TWh. Nuclear-source generation should grow 18% to 28 TWh as a result of shorter shutdowns, particularly in the Temelín nuclear power plant.

Business | CIA News

Ministry of Industry and Trade informed the Czech government on March 22, 2017, about its intention to enter into an agreement with Českomoravská Záruční a Rozvojová Banka (Czech-Moravian Guarantee and Development Bank, ČMZRB) on the formation of the E 2016 Credit Fund and E 2016 Guarantee Fund.

Business | Radio Prague

The Czech Republic's biggest electricity producer, almost 70 percent state owned ČEZ, delivered its 2016 results on March 21 with the outcome largely disappointing analysts. The headline figures are full profit for the year of 14.6 billion crowns, which rose to 19.6 billion crowns after all exceptional items had been cleared away. Both figures represent a drop of 29 percent on the corresponding outcome for 2015.

Finance | Daily Mail/Reuters

With the Czech Republic's 3-1/2-year old currency cap expected to be removed within months, 'fair value' calculations suggest the crown will not rise much more than 5 percent against the euro.

Finance | Politico

Czech political parties jockeying for votes are making eurozone banking groups a populist target ahead of parliamentary elections scheduled for October.

Business | CIA News

Škoda Electric will deliver new trolleybuses to Romania. The Plzeň-based firm has won a tender in the Romanian city of Galati.

Business | CIA News

Czech Republic’s investment position against abroad dropped by CZK 76bn to CZK 1.17 trillion in Q4 2016. In the year-on-year comparison, the deficit dropped by CZK 336.9bn, i.e. 24.9% of GDP in current prices.

Business | Real Estate | Prague TV

Old houses in Prague are five times more expensive than in the Vysočina region, which is the least expensive area of the Czech Republic. A square meter in Prague was CZK 50,840 on average at the end of the year, while in Vysočina it was CZK 9,618. Prices went up an 11.6% on average nationwide to CZK 23,218 per square meter, according to the company CeMap.

Business | Prague TV

There was no real surprise in who the richest Czech is. The annual Forbes magazine list once again put Petr Kellner of PPF Group on top. The magazine estimated his fortune at $12.2 billion.

Business | Radio Prague

A taste of the West was the slogan used by another very different company, though in this case it was perhaps more appropriate. And the interest was huge when the first McDonald's hamburger restaurant opened its doors 25 years ago in what was still Czechoslovakia on March 20, 1992.