Finnish Transtech Oy, a subsidiary of the Czech company Škoda
Transportation, will deliver ten Artic trams to the city of Helsinki. The
price of the contract amounts to 750 million crowns.
There are currently 48 trams of the same type operating in the Finnish capital. As of 2021, they will also operate on a newly built track in the city of Tampere. The Plzeň-based transport company Škoda Transportation acquired a controlling stake in Finland’s sole manufacturer of rail vehicles abd trams in August 2015.
The trade surplus widened in April compared with a year earlier. It climbed
to 15.8 billion crowns, 3.8 billion more than in the same period in 2017.
The main factors fuelling the surplus were car, machinery, and electrical equipment exports. The main dents in the surplus came from increased imports of chemicals and coke.
The Czech trade surplus so far this year stands at 73.6 billion crowns. The statistical office said the overall trend is for decreasing exports and stagnating imports.
The Czech retail sales boom speeded up in April with a 5.6 percent increase
on spending levels compared with a year earlier. March sales rose at the
rate of 3.9 percent.
Sales rose fastest in non-food items, food sales were almost unchanged. And the boom in sales via the Internet and via mail order companies continued with a 20.3 percent annual increase according to the Czech Statistical Office.
The company R2G has made what appears to be a record acquisition for a
Czech investor in the United States, iHned.cz reported. R2G has bought
First Quality Nonwovens from the group First Quality Enterprises, which has
factories in the US and China and supplies fabrics for hygiene products, at
a cost of an estimated USD 500,000, the equivalent of almost CZK 11
R2G plans to merge First Quality Nonwovens with the Czech-based Pegas Nonwovens, which it acquired recently, to create PFNonwovens, iHned.cz reported.
Government ministers have stopped taking part in international trips with
Czech entrepreneurs and this could cost the latter in terms of deals, a
number of business chambers said in a statement to the Czech News Agency on
A spokesperson for the Chamber of Commerce, Miroslav Diro, said Czech firms could lose out to rivals from other states when it comes to import and export opportunities. Mr. Diro said the minister of finance and minister of industry and trade often helped open doors for his group’s members internationally.
The acting prime minister, Andrej Babiš, has in the past said that the state is not a travel agency. He said the country should be represented by diplomats, who are paid for that service, abroad.
Number of Czech internet stores accepting Bitcoins for payments has
increased tenfold over the past four years to around 1,000, the Czech News
agency reported on Sunday.
Among the shops that started accepting the digital currency is Czech largest online retailer Alza, which has also installed a Bitcoin ATM in two of its showrooms. Last year, the Comfort Finance Group CFG established the first Czech cryptocurrency fund.
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