A new report indicates that Czech industrial profits for 2004 to 2004 tripled to 179 billion crowns (over 8 billion USD), as the workforce decreased by 35,000. Business analysts predict a revised trade surplus of 5 to 6.5 billion crowns (223 to 291 million USD) for the month of May. The German company Teleplan will open new Czech branch by the end of July. SPGroup will invest 12 billion crowns (5 billion USD) into the transformation of the Prazsky Veletrzni Areal exhibition facility into an Olympic-class sports facility. New code-share cooperation
In Business News: the Czech Republic is on course to join the euro in 2010, though the OECD warns of some risks; inflation reaches 3.1 percent, but should fall sharply; Hyundai finally sets a date for construction work on its Moravian factory; Skoda Auto - the country's biggest exporter in 2005 - plans to put the Yeti prototype into production; and Slivovice makers Rudolf Jelinek report big sales increases last year.
The import of cheap eggs from Poland and Lithuania is having a disastrous impact on the egg business in the Czech Republic, the Czech poultry farmers union said on Wednesday. Egg production in this country fell by one fifth in 2005; industry figures say if the current situation continues one half of Czech producers could go out of business next year.
In Business News: Morgan Stanley is planning to invest around a billion US dollars in the Czech Republic; the Czech Republic is near the bottom of the EU charts in terms of number of wind power stations; excessive bureaucracy is costing Czech companies billions, says a business leader; the lottery and betting market grew significantly last year; and a Czech company is playing a part in the construction of the world's tallest building.
After days of speculation, it's been signed and sealed - a contract that should secure the biggest single foreign investment in the Czech Republic since the fall of communism. Czech government officials on Thursday signed a contract with the South Korean car maker Hyundai on the construction of a major car plant in the eastern part of the Czech Republic. But, behind the smiles and handshakes, there was an air of uncertainty. The absence of Hyundai's chairman Chung Mong Koo - indicted on corruption charges - has evoked speculation as to whether
Czech foreign trade: surplus of 9 billion crowns in March. Government approves Hyundai investment agreement. Skodaexport almost certain to land biggest foreign contract in the country's history. Poll: Number of Czechs in favour of euro on the decline. Czech crown reaches new record against euro. Ever more singles applying for mortgage.
Two international trade fairs opened at the Exhibition Centre in Moravia's capital, Brno, on Tuesday. The Urbis Invest - a fair of investments, finance, real estate, and technologies for towns and communities as well as the Building trade fair will run until April 29. Some 1,350 exhibitors from 24 countries are hoping to attract around 100,000 visitors.
Czech IT specialists organize “hackathon” to give government online motorway vignette sales system for free
Minister: Czech Republic won’t take in 40 child refugees from Greek camps
CzechTourism head hints attracting tourists no longer agency’s main goal
Three Czechs trapped in Wuhan due to coronavirus
EU, Russia row over WWII, with Poles and Czechs on front lines