Czech companies have scored pretty high in a global survey on their openness to innovation and ability to push through new products and processes. But they still have some significant weak points and the government too is attempting to up its game so that it can give a better lead on where to channel state funds and what to expect from the investment.
A decision is looming on the selection of an operator for a controversial truck toll system which has already come under heavy fire for excessive costs and disappointing returns to the state coffers. The decision will be under the spotlight as the next transport minister tries to grapple with an apparently dysfunctional roads and highways directorate.
More than 40,000 people have signed a petition calling on the Czech government to hold a referendum on euro adoption. The petition, organized by the opposition Civic Democrats, will now be debated in the Senate. But it’s unlikely it will bring about a change of mind in the government coalition which believes the country should adopt the euro by the year 2020.
Several large Czech and international companies have expressed interest in acquiring the Czech food producer Hamé, the daily Hospodářské noviny reports. Hamé, which last year posted revenues of over five billion crowns, goes on sale six years after it was bought by Latvia’s Nordic Partners Group. One of the companies interested in the acquisition is an investment fund owned by the Czech finance minister and food industry tycoon Andrej Babiš.
Anyone making use of the country’s major highways and roads this summer will have likely noticed – and possibly suffered long delays because of – ongoing and extensive renovation projects. The D1 highway, among the most in need of repair and reconstruction, including lanes and spanning bridges, was the most notable case in point. It should not come as a surprise that the overhaul of that and other routes has led to a rise in expenses: one-quarter according to the Road and Motorway Directorate of the Czech Republic.