Economic News
New Natural Gas Production Well To Be Open Near Břeclav, (10.03.2010)
(Economic News)
Moravian town of Břeclav is often called the Czech Qatar. Natural gas production wells that work in its neighbourhood bring millions of crowns every year to the country’s budget. Recently oil and gas producer Česká naftařská společnost, s.r.o. has made an
(Economic News)
Moravian town of Břeclav is often called the Czech Qatar. Natural gas production wells that work in its neighbourhood bring millions of crowns every year to the country’s budget. Recently oil and gas producer Česká naftařská společnost, s.r.o. has made an
Skoda Withdraws Production From Slovakia, (14.01.2010)(Economic News)
Aktuálně.cz reported that the Czech car maker Škoda Auto based in Mladá Boleslav is going to withdraw its production of Octavia model range from VW plant located Bratislava, Slovakia, into Czech town Vrchlabí.
Emirates Airline Will Fly To Prague Daily, (24.12.2009)(Economic News)
Dubai based Emirates Airline recenly published a press release stating that the company is going to launch a daily flight to Prague starting from July 1, 2010. The flight to the capital of the Czech Republic is the third announced new flight for the comin
Skoda Yeti Is The Czech Car Of The Year, (11.12.2009)(Economic News)
The Czech Club motoring journalists reported that a board of jury consisting of professional Czech journalists gathered in Prague named the newly selected Car Of The Year for the Czech Republic. Skoda Yeti produced at Mladá Boleslav plant became the winne
CEZ Plans To Construct More Gas-Powered Plants, (28.10.2009)(Economic News)
A comprehensive analytic report created by joint efforts of three ministries - Ministry of Industry, Foreign and Interior Ministries – and recently discussed by government states that plans of CEZ, the state energetic company, to construct new gas-powered
The National Theater Uses Green Technologies, (06.10.2009)(Economic News)
Management of the National Theater in Prague confirmed their intention to become on of the major country’s producer and simultaneously user of solar energy. Now the solar batteries are being constructed on the roof of the Czech Opera’s Alma Mater. Accordi
ČSA Pilots Decline Wage Cuts, (09.09.2009)(Economic News)
Air personnel of the national Czech carrier ČSA (aka Czech Airlines) declined to sign an amendment to the collective agreement intended to cut pilots’ salaries by one-third. The trade unions of ČSA rejected proposed decrease in salaries and in turn are go
Car Scrapping Scheme Is Ready To Launch, (16.06.2009)(Economic News)
According to Vladimir Tosovsky, the Trade Minister of the Czech Republic, car scrapping scheme is ready to launch at any time in the nearest future. The exact starting date at the moment is not fixed, but most likely this system is to begin functioning si
Fewer Germans Go To Spas, (09.06.2009)(Economic News)
According to Prague Daily Monitor due to current worldwide economic crisis less foreign guests stay in Czech spa towns. In the first quarter of year 2009 in comparison with the first quarter of the last year the number of spa visitors decreased by about 1
No Сar Scrapping Subsidy To Be Introduced This Year, (15.04.2009)(Economic News)
The Czech Republic Premier Mirek Topolanek (Civic Democrats, ODS) recently informed Mlada fronta Dnes daily that no car scrapping subsidy is planned to introduce during this year in the country. According to him Czech car makers has no such necessity to p
IBM BlueSky For The Prague Airport, (09.04.2009)(Economic News)
In the middle of March 2009 IBM signed a contract with Czech company Letiště Praha, operating Prague International Airport, for implementation and four-year services of a smart solution named BlueSky, which is designed to automate many business processes.
Four Bidders Interested In Czech Airlines, (25.03.2009)(Economic News)
This Monday, March 23, 2009, passed a deadline for submission of bidding applications for buying Czech Airlines, state-owned national carrier. The Czech government has put up for sale 91.5 percent stake in CSA. Four companies have expressed their interest
About 60,000 Czech Households Use Hydropower Electricity, (19.02.2009)(Economic News)
Use of renewable energy sources while generating electricity is quite an important thing for saving our environment and also for optimizing expenses on energy. Hydropower is the mostly used among such sources and the Czech Republic makes no exception expl
Boss On A Minimum Wage, (27.01.2009)(Economic News)
The owner and general director of the Czech company Brano Group, a vehicle parts manufacturer and car makers subcontractor, Pavel Juříček has recently made a decision to pay himself a minimum wage of CZK 8,000 a month before taxes due to present economic
Aeroflot Is Interested In Buying CSA, (22.01.2009)(Economic News)
Yesterday we reported that the Czech Republic Cabinet has an intention to sell its 91.51 per cent stake of the national carrier Czech Airlines (ČSA) during this year. The conditions of bidding were approved on Monday. The government will hold a two-round
Czech Airlines To Be Sold This Year, (21.01.2009)(Economic News)
The Czech Republic Cabinet has an intention to sell the Czech national carrier Czech Airlines (ČSA) during this year. The government will hold a two-round public tender and put on sale its entire stake that totals 91.51 per cent. The conditions of bidding
Airport For Sale, (14.01.2009)(Economic News)
Prague's Ruzyne airport management continues to get it ready for privatization. Recently Miroslav Dvorak, airport’s chairman of the board and Letiste Praha’s CEO, reported that the actual price of Letiste Praha, the company operating Ruzyne International,
Seven New Motorways To Open This Year, (12.01.2009)(Economic News)
Seven new motorways and highways having total length of 53 km will be taken into use in the Czech Republic this year. The longest sections connecting the D1 between Olomouc and Ostrava are scheduled to launch in autumn – three sections with total length o
Skoda Will Be Closed Until Mid-January, (10.12.2008)(Economic News)
The Czech automaker Škoda Auto, a part of Volkswagen AG, will stop production on December 19 due to recession on the European car market and caused by it fall of demand. The shutdown will likely last until January 11, 2009 according to Jaroslav Cerny, the
Czech energy firm CEZ offers price freeze amid financial crisis, (04.12.2008)(Economic News)
This Tuesday, Czech state-controlled energy company ČEZ, a. s. CEO Martin Roman declared that it would intend to freeze retail prices for electricity for the next year. This move is determined by anxiety that Czech families and small businesses can be ser
First Hyundai Motor Plant In Europe, (12.11.2008)(Economic News)
The first European plant of South Korean automaker Hyundai Motor Co. was officially opened in the beginning of this week in Nošovice. On Monday the new facility began series production (trial production started a week earlier).
Czech Automakers To Raise Production, (16.10.2008)(Economic News)
While most of major European automakers such as Ford, Opel, BMW, and Daimler are cutting production in response to low demand determined by the ubiquitous economic crisis, their Czech colleagues are intending to increase production numbers as more and mor
Czech Railways Fares Will Be Raised, (09.10.2008)(Economic News)
Since the middle of December this year all railway fares in the Czech Republic will be on average raised by 7.5 percent. The main reasons for this increase are high rate of inflation, rapidly growing fuel and electricity prices and a higher rate of VAT im
Sklo Bohemia Glass Factory To Be Closed, (30.09.2008)(Economic News)
According to CTK, well known Czech Sklo Bohemia glass factory, a unit of heavily indebted Bohemia Crystalex Trading (BCT) group, located in Svetla nad Sazavou, Eastern Bohemia, will terminate production due to various difficulties. The majority of employe
The Czech Republic Still Do Not Intend To Adopt Euro, (16.09.2008)(Economic News)
Last week the president of the European Commission Jose Barosso encouraged the Czech government to define an approximate date when the Czech Republic is going to join the euro zone. But the Czech government is still uncertain on this matter so the country
Each Tenth Job In Prague Airport Be Cancelled, (12.09.2008)(Economic News)
As we stated some days ago the Prague Ruzyně International Airport (PRG) is heading for its privatization scheduled for the second half of 2009. Today the Czech News Agency (ČTK) referring to spokeswoman Eva Krejci words informed that Sprava Letiste Praha
Ruzyně Airport To Be Sold Next Year, (03.09.2008)(Economic News)
The Czech News Agency (ČTK) informed yesterday that the Prague Ruzyně International Airport (PRG) management intends to invest more than Kc 2.3 billion into development of its infrastructure and extension of its capacity. Spokeswoman Eva Krejci reported t
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News
10.03.2010
New Natural Gas Production Well To Be Open Near Břeclav
Moravian town of Břeclav is often called the Czech Qatar. Natural gas production wells that work...
03.03.2010
Middle Ages Fortifications Unearthed At Prague Castle
As Jana Marikova-Kubkova of Archaeological Institute of the Academy of Science informed CZK while...
24.02.2010
Czech Defence Ministry To Buy Rare Vintage Tank in Peru
Ales Knizek, the head of the Czech Military Institute in Prague told CZK that the Czech Defence...
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