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Current AffairsMinister Schwarzenberg accuses power giant ČEZ of secretly funding political parties

Foreign Minister, and coalition TOP 09 party leader Karel Schwarzenberg has accused the state-controlled electricity firm ČEZ of bankrolling Czech political parties. In an interview for the news-website aktualne.cz this week, Mr Schwarzenberg said it was “a public secret” that ČEZ had financed parties – except his own group, TOP 09. The serious accusations – presented with no evidence or further details – were dismissed by politicians across the board – with the notable exception of František Bublan, a Social Democrat MP, and former Interior Minister and head of the Czech intelligence service. But commentator Erik Best believes Mr Schwarzenberg might have had his very own reasons for speaking out. More

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Business NewsBusiness News

In this week’s business news: the unexpected resignation of ČEZ CEO Martin Roman, the opening of the first gas pipeline between the Czech Republic and Poland, the Czech Finance Ministry to launch a pilot issue of retail bonds and Czechs increasingly sceptical with regard to the future of the Eurozone. More