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Business NewsBusiness News

05-08-2011 15:46 | Jan Velinger

In Business News: Prague bourse sees trading drop in face of worries over new economic downturn; Czech Railways weighs the controversial purchase of 16 new trains at the cost of five billion crowns; leading commercial vehicle manufacturer DAF acquires a 19-percent stake in Tatra trucks; sources report that at least two firms have applied to launch exploratory operations in search of new shale gas reserves. More

Current AffairsEx-US ambassador accuses high-ranking Czech government official of corruption

12-11-2010 16:09 | Jan Richter

Martin Barták, photo: CTK Former US ambassador to the Czech Republic William Cabaniss has accused Czech ex-deputy defence minister Martin Barták of soliciting a bribe. The daily Mladá fronta Dnes quoted Mr Cabaniss on Friday as saying that in 2008, Mr Barták asked for “millions of dollars” for his assistance in solving problems the Czech truck maker Tatra had with a commission for the Czech army. Mr Barták, who now serves as deputy finance minister, has denied any wrongdoing. More

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