Dutch retailer Ahold said sales in the Czech Republic and Slovakia were 3.7% lower on the year at CZK 43.3bn (EUR 1.7bn) in 2012, CTK news agency reported. In the fourth quarter alone, sales dropped by 2.2% y/y to CZK 10.3bn. Ahold, which entered the Czech market in 1990, now runs 280 Albert supermarkets and hypermarkets in the country. According to estimates of Incoma GfK, Ahold is the market leader on the Czech market for fast-moving consumer goods holding a share of 9.7%. Kaufland ranks second controlling 9.3% of the market, ahead of Tesco and Penny Market with 8.1% and 7.7%, respectively. The combined sales of Czech retailers last year are estimated to have dropped by between 1% to 2% from 2011, Zdenek Juracka, the president of the Association of Trade and Tourism (SOCR) was cited as saying by CTK. |
Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more
The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more
The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more