Czech business not happy with Slovak Euro adoption
Meanwhile businessmen in Slovakia celebrate, Czech exporters expect losses because of strong crown to Euro exchange rates. Slovaks can pay in Euro from the next year on. European commission and European central bank didn’t put Slovaks down and gave the green light for Euro adoption. But meanwhile traders are happy, ¾ of Slovaks do not like it very much.
Strengthening of Czech Crown makes troubles for Czech exporters already; Slovakia is the second country we export the most, just behind Germany. Especially automobile factories fear losses of profits. Skoda cars worth 1,8 bil. Czk were exported last year only. The relations manager of Skoda Auto says “every time czk strengthens of 1 czk to Euro, we lose one billion.
Theme: World Events
- Czech business not happy with Slovak Euro adoption [May 9 2008, 14:02 PM]
- Slovakia Converts to Euro in 2009, CR Waits [April 29 2008, 14:04 PM]
- No Czech Representative Goes to the Olympic Games [April 18 2008, 16:02 PM]
- Vaclav Havel Shields a New Foundation [April 16 2008, 16:11 PM]
- Another Czechs on the Pole [April 14 2008, 09:57 AM]
- The first Czech Lady on the North Pole Succeeded [April 11 2008, 11:57 AM]
- Czech Government may not go to the Olympics [April 11 2008, 10:01 AM]
- Czech Season at North Pole [April 10 2008, 10:01 AM]
- First Czech Woman heading to North Pole [April 8 2008, 13:47 PM]
- Serbian Government appealing: Do not Recognise Kosovo [March 27 2008, 11:05 AM]
- Kosovo recognision on hold [March 26 2008, 11:35 AM]
- CR to finally recognise Kosovo...? [March 25 2008, 09:55 AM]

All in all, this suggest the European Ministers of Finance will say ‘yes’ as their final verdict next year.
The Czech currency has gone through one of its biggest leaps in the history. During the night from 13 to 14th April 08 it cut all the records and strengthened to 23
Sales of Bio Food increase. Czechs have spend for the food with Bio label 1,29 bil czk (49,6 mil €) compared to 2006 it is 70% more. Bio-market is supposed to grow in the coming years steadily on. An average Czech have spent 126czk on bio-food last year. Bio food have gained for the fist time more than half of a percent – 0,55%.
Skoda Octavia Classic with 1,6
The car company Skoda Auto wants to double production in India, also it has recently introduced itself on a motor-show in Australia.
Czech embassies could offer paid services of CzechTrade company almost in all countries. CzechTrade is the National Trade Promotion Agency of the Ministry of Industry and Trade of the Czech Republic.
MF Dnes have drawn attention to the fact; Germany, which has symbolised the rich and expensive country for Czechs twenty years ago, is now becoming comparably cheaper.
Even when it doesn’t have to be obvious, we Prague people live quite a high standard life. If have a look at stats, we see Prague is twelve most rich region of the EU.
When Skoda Auto introduced , during the Christmas season, their
The biggest Czech travel agency was sold by its owners to the investment group Odien. They want to invest hundreds of millions to the Czech Republic.
From the assembly line in Russian city Kaluza, the first completed
Not an agreeable surprise for fast food lovers, however quite an objective economic indicator.
Czech airlines have earned 563 millions
Louis
Not a lot of time has passed since the dramatic price increase of Prague public transport tickets in July 2005 when transfer tickets went up from 12 Kč to 20 Kč and single-use tickets from 8 Kč to 14 Kč. According to Hospodářské noviny, Prague public transit fares are already higher than those in Vienna or Paris when compared to the average salaries in those countries.
The first express gas station of the Czech Republic started to work in Prague, Pruhonice. It was opened by W.A.G. minerální paliva (mineral fuels). Some of the strategic business commodities belonging to W.A.G. minerální paliva, a.s. are motor petrol and diesel. The company also supplies bio-diesel, certain types of heating oils and special oil products depending on specifications of individual customers.