Agriculture, transport, trade and manufacturing are considered the most risky sectors in the Czech Republic in terms of companies facing a risk of bankruptcy, the CEKIA agency stability rating showed. According to the survey, every third company in agriculture and every fourth firm in transport is running the risk of bankruptcy, the CTK newswire reported. This also reflects the fact that both sectors are highly dependent on and directly affected by the economic cycle, CEKIA director Alena Seoud explained. Next in terms of bankruptcy risk come mining, real estate, and hotels and restaurants. Electricity, gas and water production and distribution, and the financial services and insurance, are seen as less risky sectors which reflects the fact that they are highly regulated and have entered the economic crisis strong. |
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