The Czech government plans to top up direct subsidies its farmers will get from the European Union. Year-on-year CPI grows for first time this year. Czech industrial output slowed beyond analysts' expectations in May to its weakest pace in nine months. Unemployment increases to 9.5 percent. GDP calculation methodology is to be revised. Government approves new bookkeeping regulations. Telecoms company Ceske Radiokomunikace will sell its 40-percent stake in phone operator Contactel for a symbolic one crown.
Czech government faces another arbitration. New calls for privatisation of remaining state assets. Parliament passes law to speed up energy market liberalisation. Pilsner Urquell brewery found guilty of compeititon-blocking practices. Government would like mobile operators to pay for UMTS licences as soon as possible. Central Bank intercepts an increasing number of forged euros. Consumer confidence has been on the rise. Czech foreign debt decreases.
Czechs are a nation of beer-lovers, and rare is the street which doesn't boast at least one pub. These vary enormously - on one end of the scale the swanky, upmarket bars that cater for tourists and the more discerning locals, and on the other, the traditional, old-fashioned Czech boozer. But that second variety - the simple Czech pub - could be under threat, as new, strict hygiene rules come into force. Rob Cameron has this report.
Czech government approves the framework of its fiscal reform package. Central bank cuts key two-week repo rate to an all-time low of 2.25 percent. The Czech trade deficit for May narrowed well beyond expectations to its lowest level since January. Czech farmers will receive compensations for damage caused by sweeping floods last summer. Government is considering further privatisation of lucrative companies, including famous Budvar brewery. Telecommunications giant Czech Telecom hopes to reduce operating cost after taking over mobile operator
The famous Czech Brewery Budweiser Budvar may be up for sale. Although the company has long been labelled as the so-called "family silver", making it exempt from privatisation after 1989, its sale now could bring billions of crowns to the state budget. Observers warn, however, that if the government does decide to privatise Budvar, the company could fall prey to US-based giant Anheuser-Busch, which has been engaged in a fierce trademark war with Budvar, a worldwide battle that has continued for over a century.
Today's edition of Czechs in History is dedicated to beer lovers. Historically Bohemia has a long tradition of brewing beer, and one hundred years ago there were dozens of small brewing houses throughout the country, the majority of which no longer exist. But there's one that continues even today, a renowned pub and brewery called U Fleku, where you can get a taste of days gone by. In existence since 1499, it is safe to say this pub is a must for any visitor to the Czech capital, and for any beer drinker worth his salt. And if brewing beer for
There has been a long tradition of wine production in the Czech Republic. It is believed that wine production in the dates as far back as the year 276, where a conquering Roman legion laid out the plans for a vineyard in the Moravian town of Palavain. Today, almost one and a half million hectoliters of wine are consumed annually by Czechs. Although these numbers are much lower than the traditional drink in the Czech Republic beer, wine is gaining in popularity.
The temperature swings that the Czech Republic - and indeed most of Europe are now experiencing - are believed to be the worst in close to half a century. A thirty degree drop in temperatures and snow showers have gladdened the hearts of winter sports lovers but many farmers, who are still recovering from last year's devastating floods, say this may be the end of their livelihood.
As the projected date of EU accession nears, Czech farmers are increasingly concerned about their ability to withstand tough competition on the common market. In an effort to boost their flagging morale and indeed the sale of Czech foodstuffs, the Czech Agriculture Ministry is creating a marketing agency and preparing a National programme to promote Czech agrarian products. There is just one strict condition: the products bearing the "Czech-made, quality-goods" label must meet a high standard of quality. Hugo Roldan, spokesman for the Czech Agriculture
The Czech government has delayed the planned sale of national power producer CEZ until after it has drafted a new national energy policy. The Czech Senate has approved a new law aimed at curbing tobacco promotion. The European Central Bank has urged EU membership applicants to get their economies in shape before joining eurozone. The Czech cabinet has scrapped a contract awarded to a private company to build and operate a highway in North Moravia.
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