Czech Business Today
Volume IX, 7-2010
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Single Market cannot develop further without mutual efforts of both, PA and businesses
During a debate organized by CEBRE, Czech Permanent Representation and Ministry of Industry and Trade (CZ) over 80… continue reading »
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Will 2011 be a good year for international trade and for Doha?
EU trade is the engine of global growth. It contributes to the creation of sustainable jobs and has a real impact on… continue reading »
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Czech exports to Belgium
By H.E. Muller, Czech Ambassador to the Kingdom of Belgium The Belgian market should not be underestimated. During… continue reading »
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ENERGIZING EUROPE: EU is under the risk of lacking nuclear experts
Initiated and held under the auspices of MEP Pavel Poc, a joint exposition and seminar by CEZ Group and the Czech… continue reading »
CEBRE calendar
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24th November 2010:
Sector Seminar „Water supply and wastewater treatment in the EU external aid programs“ (Brussels)
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8th of December 2010:
Glass of wine with the Czech delegation of European Economic and Social Committee organized by CEBRE and Czech Permanent Representation (Brussels)
Flash news
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Czech government wants to purchase good ideas
The Czech government decided to set up a venture capital fund enabling the State to buy and resell shares in newly established innovative companies. Resold shares and profits will be reinvested in the fund. Venture capital fund will be presented to public at the beginning of 2011 with initial amount of CZK 1.2 billion, mainly financed via structural funds, state budget and private investors.
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E-vignettes postponed
The Czech Chamber of Deputies supports the senate’s proposal to postpone the introduction of electronic highway vignettes. Therefore, drivers will still be able to use their paper highway vignettes. The reason for the delay is the high price of the project proposed by the sole contractor– Kapsch company.
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Absurdity of the year
Czech businesses vote every year in the survey „Absurdity of the year” for the most burdensome regulation. First place was won (with 38% of votes) by the measure required by the Czech Social Security Administration to send a certificate from Trade register, although it is available online and regularly updated. The survey is a part of the Czech red-tape campaign.
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Czech industry positively surprising
Czech industry still maintains relatively high growth with September seeing a 12.2% growth YoY. The amount of new contracts has also increased by 14.6% YoY driven by external demand for Czech goods (i.e. machinery, cars, electric equipment, engineering and metallurgy). Further development is however limited by external factors: appreciation of EUR and CZK, dynamics of US recovery and their impact on the EU’s export.
