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August 28th, 2008
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ŠKODA Škoda Auto and its parent company, Volkswagen, will launch the first part of its car plant near Moscow Nov. 28. The plant, costing some 370 million euros ($548 million/9.9 billion Kč), will begin producing Škoda’s Octavia model. When completed in 2009, it will be Škoda’s largest manufacturing facility outside of the Czech Republic, producing 115,000 cars per year.

BRANDS In other Škoda news, a recent survey found that the carmaker’s brand is the Czech Republic’s strongest, Hospodářské noviny (HN) reported Nov. 27. Brewers have a strong presence on the list, with the top-10 rounded out by Pilsner Urquell, Budějovický Budvar, Baťa, Kofola, Becherovka, Mattoni, Česká pojišťovna, Staropramen and Česká spořitelna.
MOVIES Czech Television’s income from advertising will boost the country’s moviemaking fund by at least 425 million Kč over the next three years, HN reported Nov. 26. The public broadcaster will contribute 12.5 million Kč ($691,000) a month to the fund until analog broadcasting ceases, which is expected in the autumn of 2010.
CIGARETTES Austria’s Finance Ministry is looking to limit the number of cigarettes that can be imported from the Czech Republic, Lidové noviny reported Nov. 24. Austrian companies fear a flood of cheaper Czech cigarettes once border protections fall on the Czech Republic’s entrance to the Schengen zone in late December. The imports would be limited on the premise that they do not include health warnings in German.
HEINEKEN Dutch beer giant Heineken is negotiating to buy Drinks Union, brewer of the Zlatopramen and Březňák beers, Mladá fronta Dnes reported Nov. 22. Heineken owns the Starobrno and Krušovice breweries, controlling 9 percent of the domestic beer market. Both companies refused to confirm the discussions.
PORK Speaking to pig farmers protesting outside his offices, Agriculture Minister Petr Gandalovič said the state would not give the farmers the 1 billion Kč in subsidies they were seeking, Právo reported Nov. 21. The responsibility for falling prices — a surplus of pork — is the fault of food producers and does not warrant increased support, he said.
INVESTORS Projects by Hyundai, IBM and Visteon-Autopal have won the 2007 Investor of the Year awards, the state’s inward-invest agency CzechInvest announced Nov. 21. All three projects are located in Moravia: the carmaker Hyundai won for a 30 billion Kč plant it is building in Nošovice; IBM won for its IT outsourcing services in Brno; and Visteon-Autopal, a maker of car parts, won for building a research and development center.
HOUSING The construction market is cooling off, according to recent data released by the Czech Statistical Office. The value of new construction orders in the third quarter of 2007 was down 21.1 percent compared to the same period last year, to 64.6 billion Kč; the number of orders dropped 11.3 percent, to 22,347. Only housing construction showed resilience, up 1.9 percent.


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