The South Korean car maker Hyundai has told the Czech Republic it will not be building its 1.5 billion-dollar car plant in the north-west Bohemian town of Zatec, and will be looking to neighbouring Slovakia or Poland instead. The news comes as a blow for thousands of people in the area looking for work.
Czechs are in the throes of a shopping fever. Fourteen years of a Western lifestyle have not sated people's urge to buy and buy some more. Few people need an excuse but if you do there is always some reason - the Christmas shopping season now starts in October - then come the New Year sales and then Easter is just around the corner.
Manhattan's Fifth Avenue, the Champs Elysees in Paris, London's Oxord street - these and other swanky avenues regularly finish at the top of a survey called Main Streets Across the World, published annually by real estate consultants Cushman & Wakefield Healey & Baker. The latest survey out this week has shown Prague's own Na Prikope Street has made it to the top 18. Jan Velinger spoke with Jonathan Hallett, the head of the Prague branch of Cushman & Wakefield Healey & Baker. He began by asking the realties expert whether Na Prikope Street's placing
The Czech government's trade promotion agency, CzechTrade, the Czech branch of the international audit and consultancy company Deloitte & Touche and the consultancy firm Adwise have launched a new service for Czech companies - a practical training course aimed at helping companies with gathering information about foreign markets, building knowledge management systems, and improving their presentation skills.
The Czech economy is export-oriented but success of Czech products on foreign markets depends on a number of factors, not just their quality but also the firm's knowledge of local social, legal and business conditions as well as presentation skills. Vladimir Tax reports on a new project that should help improve the competitiveness of small and medium-sized Czech firms.
On August 22, 2003, a new tram line was opened in Tacoma, Washington. The trams are supplied by the Czech companies Skoda Inekon. In this week's edition of Economics Report, we talk to Martin Tlapa, the head of the Czech government's trade promotion agency, CzechTrade, about trams and trolleybuses as a traditional Czech export article.
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