Czech Business Today
Volume IX, 3-2010
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New Power for European Transport
The EU reduction targets for CO2 emissions set for 2012 and 2020 are putting the automotive sector under constant… continue reading »
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YES to „Made In“
For better protection of national products and better protection of consumers, some world economies require an… continue reading »
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ENERGIZING EUROPE: Rules for EU ETS auctioning platform finally proposed
All industries emitting greenhouse gases falling under the EU’s Emission Trading System (EU ETS), including electricity… continue reading »
CEBRE calendar
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25th – 26th May, 2010:
Brussels Economic Forum (Brussels)
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23rd June – 31st August, 2010:
Exhibition of František Skála (Czech Centre/ Czech House Brussels)
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25th May – 1st June, 2010:
SME Week
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29th May 2010:
Czech and Slovak Ice Hockey Games (Lueven)
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30th June 2010:
CEBRE Debate on EU Pre-Accession Instruments (Prague)
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30th June – 1st July 2010:
European Business Summit (Brussels)
Flash news
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No Euro before 2016
According to the Commission’s report published in May, the Czech Republic will not adopt the euro before 2016. The main reason is the state of public finances. The Czech deficit increased to 5.9% of the GDP, although only 5.3% was expected.
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Slight recovery
March statistics showed a slight recovery in the Czech trade balance. Czech imports increased by 12.7% and exports by 15.8%. The positive balance stands at CZK18.3bn. However, the Czech Confederation of Industry survey shows that 15% of companies do not use their full production capacities.
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Internet training for SMEs for free
During May 2010, Czech SMEs can participate in a training programme to improve their Internet skills (design web page, use internet advertisement, etc.) for free. The Czech Association of Small and Medium-Sized Enterprises and Crafts is leading the project in cooperation with Google and ACTIVE24 „Online Start“.
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Cutting red tape in the Czech Republic by 20%
A Czech legislative package on further reduction of administrative inefficiencies by 20% in the period 2005-2010 has been adopted in May. Businesses will save CZK 514 million a year. To comply with the EU reduction targets, a further 5% to be reduced by 2012. However, the document compared figures to 2005 level only and did not take fully into account the legislation adopted after this date.
