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October 14th, 2008
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Business Headlines

November 7th, 2007 | Current Issue

Credit for carpets
Microfinance project allows Czechs to fund Mexican entrepreneurs, with interest

Banks finalize awaited merger
HVB, Živnostenská unite under UniCredit brand after two years

China steel surplus spills into EU
Producers seek protection against unfair competition

Three new carriers swoop into Ruzyně
Dublin, Madrid, Copenhagen routes fuel airport growth

10 Questions
with Milan Švácha
10 Questions

Movers & Shakers
Unipetrol adds execs
Movers & Shakers

BRIEFS


TUESDAY, NOV. 13

The Czech-German Chamber of Commerce hosts a panel business discusion with Martin Jahn, board member at Škoda Auto and vice president of the Confederation of Industry, and Zdeňek Tůma, governor of the Czech National Bank. The two will give their overview of the labor market and the country’s euro strategy, among other topics. Simultaneous translation into German, Czech and English will be provided. For info, visit
www.dtihk.cz.
WEDNESDAY, NOV. 14
The American Chamber of Commerce hosts a roundtable discussion with the Industry and Trade Ministry to discuss the ministry’s agenda. Featured speakers include Petr Kameník, director of the trade licensing department; Martin Kavka, director of business development; and Karel Machotka, director of the business environment department. For info, visit www.amcham.cz.
THURSDAY, NOV. 15
The Canadian Chamber of Commerce hosts a business breakfast with Škoda’s Martin Jahn and Stephen Poloz, vice president and chief economist of Export Development Canada. Topics will include investment opportunities and HR in international business. For info, visit www.gocanada.cz.
Send Biz Events to business@praguepost.com

NUCLEAR Prime Minister Mirek Topolánek came out strongly in support of nuclear power Nov. 5. The country faces an energy shortage as its coal-fired power plants are retired, and importing energy will not be an option due to regionwide shortages. Dialogue with the Green Party, which, as a member of the governing coalition, opposes building nuclear plants, must happen soon, he said.

DAIRY Domestic dairy producers should join together and form sales cooperatives to resist price pressures put on them by supermarket chains, Miroslav Toman, president of the Czech Federation of Food and Drink Industries, said in Hospodářské noviny (HN) Nov. 5. Due to drought in Australia and Asian demand, milk prices have been on the rise this year.
SUBWAY The railway company Škoda Transport will supply 4.5 billion Kč ($240.6 million) worth of components for the subway in St. Petersburg, Russia, according to a deal signed Nov. 4. In concert with its Russian counterpart, Škoda will also develop and produce trains for other countries in Europe and the Commonwealth of Independent States, the companies said.
EURO Speaking at a conference focused on euro adoption, Topolánek said the country will not join the euro zone by 2012, Právo reported Nov. 3. Joining the single currency will depend solely on implementing the governing coalitions’ proposed reforms, he said. Jaromír Drábek, president of the Economic Chamber, said it is irresponsible of the country not to set a euro target date.
JOBS The Czech Republic’s unemployment rate dropped to 5.2 percent in the third quarter of this year, down 1.9 percentage points from last year, the Czech Statistical Office reported Nov. 2. It is the lowest rate since the end of 1997. Using different measurements, the Labor and Social Affairs Ministry reported unemployment at 6.3 percent for the same period.
GAS In a further incursion into the Czech market, the Russian natural gas giant Gazprom is negotiating an investment into the country with Czech billionaire Karel Komárek, daily Mladá fronta Dnes reported Nov. 2. The project would see the construction of a massive underground gas storage reservoir, built in cooperation with Komárek’s oil company, Moravské naftové doly.
TURKEY The energy giant ČEZ is planning to enter Turkey’s lucrative energy market, the company announced Nov. 1. It has entered into exclusive negotiations with the Turkish energy company Akenerji on potential mutual cooperation, it said. Because of its rapid growth, Turkey will have to construct 50,000 megawatt hours of electrical generation by 2020 to avoid a potential shortage.
BETTING The Finance Ministry has reversed its position opposing Internet gambling, provided that protection against underage betting can be guaranteed, HN reported Oct. 31. The domestic online gambling market, which operates on the verge of legality, is valued at 4 billion Kč. The APKURS betting association said it welcomed strict regulation of Internet betting.

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