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Radio Prague (www.radio.cz) has great Škoda Auto news, photos, videos and more
In Business News this week: the Czech economy is out of recession, but new GDP figures are worse than expected; a draft 2010 budget has been approved, with a whopping deficit of 230 billion crowns; analysts warn that the country’s credit rating may slide if next year’s budget deficit is no...
Czech Republic Here, major manufacturers like Škoda Auto, the country's biggest exporter, and joint venture Toyota Peugeot Citroën are back to a full working week. That is in large part thanks to the scrap incentives in many countries, such as Germany, ...
In Business News this week, Škoda Auto looks to Saturday working; foreign workers’ visa freeze; Prague airport privatisation problems; Czech agriculture’s new master; hiring and firing dismissal overhaul still on course; and the developing taste for non-alcoholic beer.
One consequence of the fall of the government last week is increased uncertainty over when the Czech Republic will adopt the common European currency. A target date for joining the euro had been promised for November, but the cabinet that made that pledge will probably be long gone by then....
In Business News this week: an extraordinary media intervention by the national bank; Škoda Auto steps up a gear; Green Cards look less rosy; another high speed rail link is mooted; a new contender is linked to Czech Airlines’ sale; and farmland disappears fast from the map.
The global financial crisis has not spared the Czech automobile industry and the majority of car makers have already announced price-cuts. Now the Czech Republic’s largest car manufacturer, Škoda Auto has been forced to do the same. The company announced a series of price reductions on W...