Thursday, 30 April 2009
Business | ČTK
Czech economy to fall by 2.3 % this year

The Czech economy is to fall by 2.3% this year, but in 2010 it should recover slightly and grow by 0.8%, according to the latest macroeconomic forecast released by the Finance Ministry Wednesday.
Finance | ČTK
State deficit to grow to 4.5% of GDP in 2009

The deficit of public finances will due to the economic crisis grow to 4.5% of GDP this year, according to Finance Ministry new forecast, and this means the Czech Republic would fail to meet the 3% criterion needed for euro adoption, the ministry said Wednesday.
Business | ČTK
Škoda Auto with profit down by more than 90% at CZK 312m in Q1

The biggest Czech car maker Skoda Auto recorded its worst result for the past several years in Q1 this year, with its net profit slumping by 91.4% to CZK 312m, spokesman Jaroslav Cerny told ČTK Wednesday.
Business | ČTK
GBE: Subsidies harmful to environment should be removed

The Green Budget Europe (GBE) NGO called for the removal of subsidies harmful to the environment and targeted taxation of energy products as a part of anti-crisis measures to be adopted in Europe, GBE spokesman Anselm Goerres told journalists in Prague.
Finance | ČTK
Kalousek to submit draft of spending frameworks with CZK 150bn gap

Finance Minister Miroslav Kalousek said Wednesday he will submit a proposal of mid-term spending frameworks, that is the state's possible highest expenditures, with a deficit of CZK 150bn to the cabinet.
Business | ČTK
Number of passengers at Prague airport down 20% in Q1

The Prague-Ruzyne airport cleared 2.070 million passengers in the first quarter of this year, down 18% year on year, according to the airport's statistics ČTK gained Wednesday.
Business | ČTK
Czech hauliers protest, want promised toll rebates

Hauliers with some 100 lorries protested in northern Bohemian town of Litomerice Wednesday to call the attention to the fact that outgoing Prime Minister Mirek Topolánek failed to meet his promise to introduce toll rebates.
Business | ČTK
Crisis lowers gas consumption

Natural gas consumption in the Czech Republic fell by 6.3% year on year to 3.392 billion cubic metres in the first quarter, with average temperature in the period used in the calculation, according to data from the Balance Centre which monitors the consumption.
Business | ČTK
Czech farmers stage a nationwide protest against low milk prices

Czech farmers staged a nationwide protest Wednesday against low purchase prices of milk and decreasing numbers of dairy cattle.
Business | CBW
Another micropayment system joins the fray

A new micropayment system called GoPay recently entered the Czech market.

Business | CBW
NetJets Europe to challenge its rivals

NetJets Europe, which is backed by Berkshire Hathaway group of US investor Warren Buffet, this month announced with confidence that it planned to increase its sales in the Czech Republic and neighboring markets.
Business | CBW
Seznam.cz launches mobile advertising

Seznam.cz, the oldest and most popular search engine in the Czech Republic, has launched mobile advertising services that are now available for almost every mobile phone and palm top with an Internet connection.