The Czech Republic’s biggest car maker Škoda Auto is having one of its most successful periods and last year sold a record one million-plus vehicles. However, Mladá fronta Dnes reported on Wednesday, it is planning to hive off some workers into outside companies – a move that could spark strike action.
A multi-billion crown tender to supply Czech power company ČEZ with nuclear fuel for its two Temelin reactors looks like it is on the horizon. ČEZ’s general manager and board chairman Daniel Beneš raised the prospect that the current contract of Russian fuel supplier TVEL might not be automatically renewed in an interview this week with the Czech weekly Respekt.
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.