The Czech Republic is under pressure from the EU to have more renewable and efficient resources in its energy mix. While companies are open to photovoltaic subsidies, the country cannot keep up with demand and is reluctant to write further calls, the news server iDnes.cz writes. What’s more, the program is complex; many smaller players would rather use photovoltaics without funding.
During the first half of 2019, the Czech Republic registered a three year low in the amount of new companies being set up, data from the website Bisnode shows. A record amount of businesses, 7964, was also shut-down during the same measured period. Overall, the number of companies registered in the country grew to just under 450,000.
A major increase in electric cars driving on Czech roads is expected in the coming years, with some experts predicting up to a quarter of a million electricity powered cars will be in the country by 2030. A gradual increase in the number of these vehicles will start next year, with the country’s largest car manufacturer Škoda planning on selling around 2,500, news site iHNed reports.
Biotech companies within the PPF Group, controlled by Czech billionaire Petr Kellner, are reporting advances in efforts to extend the lives of cancer patients. The companies Sotio and Cytune Pharma announced on Thursday that they had started the first trial dosing of cancer patients with SO-C101, a superagonist fusion protein of interleukin IL-15.
The Czech Republic’s year-on-year industrial production figures grew by 3.2 percent in May, 0.1 percent less than in the previous month, according to figures released by the Czech Statistics Office on Monday. The main drivers of growth were the automobile industry, as well as plastic and energy production. The country’s foreign trade surplus experienced a year-on-year rise of CZK 17.2 billion, reaching CZK 24.4 billion.