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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
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
Current AffairsČEZ general director suddenly quits
Investors, politicians and the public were taken aback on Wednesday by the
news that Martin Roman, the 42-year-old general manager of power company
ČEZ, was stepping down, also leaving the company’s board of directors.
Mr Roman leaves his post after seven years reportedly of his own
initiative, and will be taking up a position on the company’s supervisory
board. Shares in ČEZ teetered slightly on Thursday with the announcement,
and word that the new ČEZ chief would be second in command Daniel Beneš.
Meanwhile, analysts have gone into high gear assessing what the change of
management might mean for the largest public utility company in Central
Europe. That was the question we put to financial journalist Chris
Johnstone of Czech Position. More
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The Czech Parliament is voting on a change in value added tax on Friday,
the Czech central bank has launched an investigation into energy supplier
ČEZ in connection with a leak of its earnings report, the carrier CŠA
will start operating regular direct flights to Tel Aviv, as part of an EU
directive 60-watt light bulbs were taken off the market in the Czech
Republic on Thursday, and the Michelin-starred Four Seasons Hotel in Prague
will have a new chef starting October. More
Business NewsBusiness News
Reuters says Czech ministries want free emissions vouchers for power
producers; economy grew by 2.4% in the last quarter; the court approves the
sale of Sazka by tender; woeful 2Q results for ČEZ; and the central bank
says the country will have met the conditions for adopting the euro next
year. More
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