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November 22nd, 2008
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INDIA Škoda Auto will look to increase its market share in India by introducing new models, including a new version of the Fabia, at the 2008 Auto Expo in New Delhi, Hospodářské noviny (HN) reported Jan. 8. The fair will also launch a new marketing campaign in the country, with the automaker adding Octavia and Octavia Tour models to its offerings.

WAGES Hourly wages in the Czech Republic have risen 30.5 percent since 2004, from 142 to 186 Kč per hour, the Czech Statistical Office announced Jan. 7. This is the fastest growth in any of the European Union’s new member states. Slovakia edged out the Czech Republic in productivity growth, the office added.
LABOR Unions were caught unaware bythe rapid rise in inflation and may demand higher wages for the year, HN reported Jan. 7. Milan Štěch, head of ČMKOS, the country’s largest labor organization, said that given the inflation rate he would have advised unions to seek wage increases of at least 10 percent, rather than the 8 percent ČMKOS recommended late last year.
STARBUCKS The Polish firm AmRest plans to open 20 branches of the U.S. coffee chain  this year in the Czech Republic, Mladá fronta Dnes reported Jan. 5. One branch will open in Prague’s Palladium shopping center, with others planned for Chodov, Černý Most and Arkády Pankrác.
AGRICULTURE Last year was the best for agriculture in the Czech Republic since 1989, Agriculture Minister Petr Gandalovič said Jan. 4. Experts have projected 2007 profits to sit between 10 billion Kč ($562 million) and 15 billion Kč, while Gandalovič placed them at 16 billion Kč. Czech farmers received 36 billion Kč in European Union subsidies in 2007, which is expected to grow to 40 billion Kč this year.
DEFICIT The state deficit for 2007 ended at 66.4 billion Kč, 25 billion Kč less than projected in the government’s approved budget, Finance Minister Miroslav Kalousek said in a press conference Jan. 3. The low deficit was attributed to the country’s excellent economic performance, low unemployment and growth in wages, which reduced spending on social benefits.
RECONSTRUCTED The largest domestic construction company, Skanska CZ, is undergoing a restructuring that will see its five divisions, each focused on individual sectors, replaced by four companies owned by a holding firm, CEO Zdeněk Burda told journalists Jan. 3. The company wants to simplify its management and do away with instances in which its divisions have competed against one another.
CATERING The Italian company Alpha Overseas Holding will buy Air Czech Catering, a subsidiary of Czech Airlines (ČSA), for 682 million Kč, Právo reported Jan. 3. The deal is expected to be finalized later this month at ČSA’s general meeting.


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