Broadcast Archive
Broadcast Archive in English
The Czech Republic can expect to get its small share of the benefits from the European Central Bank (ECB) move last week to pump a significant amount of money into the economy to boost growth and fuel inflation. The move will also help ease pressure on the crown against the euro, though not against the dollar.
While Czechs are increasingly enjoying the advantages of shopping over the internet, online shopping for groceries has been slower to take off. Last year Czechs spent 152 billion crowns on food products of which only 3 billion was purchased over the internet. However there are now signs that the business is revving up and more firms are poised to enter the market.
For a while the commercial television market in the Czech Republic looked like it might be in store for a major overhaul with the country’s second biggest group, Prima, threatening to leave e traditional market leader Nova in its wake.
Of all the members of the European Union, the Czech Republic is the most dependent on industry, with the sector accounting for over a third of the entire output of the economy, Hospodářské noviny writes on Wednesday.
The Czech Ministry of Industry and Trade, after consultation with the Finance Ministry, has recommended that state-controlled power company ČEZ take the lead in building new nuclear plants in the country. The ministry outlined three options for future nuclear development in its proposed action plan which was finalized on January 16.
Ski resorts in the Orlické hory mountain range have small reason to cheer. In addition to the lack of snow they are now facing fresh competition from the Polish side of the border where entrepreneurs are investing millions of zloty into state of the art facilities intended to attract an international clientele.
The Czech government is preparing to put in place its version of the so-called debt brake, a mechanism for raising the alarm when public debt as a proportion of national wealth starts reaching dangerous levels and calling for emergency remedial action.
The body that runs the Czech Republic’s rail network is ready to make a record investment this year, the business daily E15 reported on Thursday. This is good news for construction firms but passengers will see an unprecedented number of diversions.
The use of payment cards on public transport in the Czech Republic is set to expand markedly, slowly spelling the end of the cash purchase of tickets, Hospodářské noviny reported on Wednesday.
The Czech crown dropped from weak levels even further against the euro and dollar Monday. Some analysts see the Czech National Bank accepting the drop with a lower target exchange rate against the euro. But so far the bank is toughing out the slide and says no reaction is called for.
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