Category archives for: Business

Ekotechnik to build solar plants for Kc10bn in Ukraine

Photo: sxc.hu

Ekotechnik Czech, a company based in Prague, will build solar power plants for EUR400m (over Kc10bn) in Ukraine in two years, the Czech daily Hospodarske noviny (HN) said today. Nearly all plants will be built in the Khmelnitsky region which is located in the western part of Ukraine. Local authorities want to support the Czech [...]

Czech government promotes Temelin’s extension despite doubts

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The Czech government presents the planned extension of the Temelin nuclear power plant as the main pillar of the future Czech energy policy, but more and more voices challenge the enormously expensive project, Marek Svehla has written in the latest issue of weekly Respekt. Even the CEZ state-run power utility that operates Temelin expresses doubts [...]

Value of Czech exports exceeds Kc3,000bn for first time

Photo: sxc.hu

The value of Czech exports exceeded Kc3,000bn for the first time in history last year, the result being largely influenced also by exports to countries outside the European Union, according to data of the Czech Statistical Office (CSU) and the Industry and Trade Ministry. According to some analysts, the foreign trade data for December can [...]

Number of passengers down 8 percent at Prague’s airport

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Vaclav Havel Airport Prague cleared 10.8 million passengers last year, down by 8 percent year-on-year, the airport said in a press release. The number of landings and take-offs dropped by almost 13 percent. According to spokeswoman Eva Krejci, a decrease was seen mainly in the number of transfer passengers. The number of local passengers, who [...]

Westinghouse to use Czech steel for extension of Temelin

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U.S. company Westinghouse, a bidder in the tender to extend the Czech nuclear power plant of Temelin, wants to use Czech steel in the construction if it wins the tender, Westinghouse CEO Danny Roderick told journalists today. Czech firms could also supply their steel to other Westinghouse reactors elsewhere in Europe, Roderick said. After assessing [...]

Incentives attract 48 firms to CR in 2012, most since crisis

Výroba motorů, Škoda Auto a.s. Mladá Boleslav

The incentives that the Czech Republic offers to investors attracted 48 companies last year, the highest number since the financial crisis in 2008, daily Hospodarske noviny (HN) said, referring to data of government’s investment support agency CzechInvest. The companies want to create 5,472 jobs in projects registered at CzechInvest whose value totals Kc20bn, the paper [...]

Tank Ono raises sales by 1 billion crowns in 2012

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Tank Ono, which has 31 petrol stations in the Czech Republic, raised sales by Kc1bn to Kc13bn last year and its profit increased to almost Kc50m, daily Hospodarske noviny (HN) writes. Tank Ono sold roughly 414 million litres of fuel in 2012, according to a preliminary estimate, which is approximately the same amount as in [...]

Czech Airlines makes 1.16 billion crowns operating loss in 2011

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Czech Airlines (CSA) made a Kc1.16bn operating loss for 2011, according to audited business results, daily Mlada fronta Dnes (MfD) writes today. CSA earlier announced that it had ended 2011 with a Kc(Czech crowns)241m loss before tax, compared with a Kc76m profit in 2010. The 2010 figure included income from the sale of long-term assets [...]

EP Energy raises net profit to 8.6 billion crowns

The purchase of German mine Mibrag was one of the reasons behind EP Energy's big profit.
Photo: EP Energy

Group EP Energy made a 8.6 billion Czech crowns net profit in January-September 2012, almost 7.7 billion crowns higher than in the whole of 2011, and its sales reached around 27.5 billion crowns in the period, daily Lidove noviny (LN) writes today. The main part of last year’s profit does not come from the production [...]

New record for Pardubice airport

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The international airport in Pardubice, East Bohemian Airport (EBA), had a record year with 125,008 passengers last year, 92 percent more than in 2011, the civil airport’s director Vit Malek has told CTK. “The results exceeded all expectations,” Malek said. A majority of the passengers using the Pardubice airport were Russians (80 percent). “Transaero Airlines, [...]

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