The year 2017 was the most successful so far in Mladá Boleslav-based carmaker Škoda Auto’s history, CEO Bernhard Maier has confirmed for news site iDnes. According to the company head, the number of cars produced in 2017 was 6.6 percent higher than a year earlier, for a total of 1,200,500 vehicles manufactured.
One of the Czech Republic’s flagship engineering companies, Vítkovice
Engineering, has said it has itself proposed insolvency proceedings. The
move was indicated Friday by details on the insolvency register.
Vítkovice Engineering early this week appeared to be lined up for a lifeline from the arms company of Czech businessman Jaroslav Strnad. He however announced midweek that he intended to invest in another part of the Vítkovice Group, Vítkovice Heavy Engineering. That move has been approved by a court.
Vítkovice Engineering employs around 650 in and around Ostrava. Many of them have been sent home since January and are waiting for unpaid wages. Operations at the firm have been interrupted because there is not enough cash to pay for raw materials or key components.
Activity in the Czech construction sector rose by more than a third in
January compared with the same period a year earlier.
The increase came to 33.6 percent compared with January 2017. New planning permits granted increased year-on-year by 1.4 percent with the value of the new permits rising by 20.8 percent. New construction starts were up 23.1 percent compared with a year earlier.
The Czech building sector last year appeared to come out of a long running slump but some sectors, such as civil engineering and infrastructure still appear to be depressed due to the lack of new government and public sector orders.
Czech industrial production rose by 5.5 percent in January, according to
figures released by the Czech Statistical Office. The increase was 0.6
percent compared with Dec ember.
New orders were 3.4 percent higher compared with a year earlier.
The biggest contribution to the production increase was manufacturing of cars, machinery and equipment, and electrical goods.
One of the most controversial pieces of energy infrastructure in Europe, a new gas pipeline linking Russia and Germany, appears to be making progress in the Czech Republic. Prague has been in an awkward diplomatic spot over the proposed pipeline which is supported by Germany but vigorously opposed by Poland, Slovakia, and Baltic States.
Czech car maker Škoda Auto plans to create about 3,000 new jobs at its
plant in Mladá Boleslav, if it reaches agreement with the unions to launch
an 18-shifts-per-week system, the company CEO Bernhard Maier told the Czech
News Agency on Wednesday.
Mr Maier said the company is ready to launch negotiations with the government as well as with the town and regional representatives to build to new infrastructure that would enable the company to increase its capacity.
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