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Press ReviewPress Review
Czech dailies do not find a common main domestic story today. While MLADA
FRONTA DNES leads with a report on another fatal accident on a pedestrian
crossing, LIDOVE NOVINY writes about potential Czech participation in a
new television station to be launched in Iraq in February, and PRAVO on
its front page discusses the question of remuneration for members of
supervisory boards of state-run companies.
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Business NewsBusiness News
Unemployment falls to below 10 percent. Food prices push Czech inflation slightly higher, reversing trend. Industrial production sees increase in September. Seasonally adjusted construction output at constant prices up 0.2% m-o-m. Government offers more money to bail out indebted hospitals. Czech farmers seek exception from EU bone-meal ban. Official: report of Czech illegal workers in U.S. exaggerated. North Moravian municipalities against planned nuclear plant. Czech Railways to lease Prague's main station to Grandi Stazioni of Italy.
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Business NewsBusiness News
Five bidders shortlisted in coalmine privatisation. CEZ excluded from Czech
coal mine sale. Central Bank softens minimum reserves requirement for
banks. Czech government keeps 2004 economic outlook but cuts budget gap
forecast.
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Current AffairsPower utility CEZ gets in trouble after CEO removal
The Czech power utility CEZ is in a difficult position following the
removal of Jaroslav Mil from a key post. Among other things, Mil's
departure has left it with a legal headache as it no longer fulfils one of
the statutory conditions for running a nuclear power plant. The government
claims that bad communication and disagreement on strategy lie behind his
dismissal, but speculation mounts that there may have been other reasons
for his removal.
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Press ReviewPress Review
Quite a variety of stories on today's front pages - PRAVO and the economic
daily HOSPODARSKE NOVINY lead with the removal of Jaroslav Mil from the
post of chairman of the board of directors of the state-run power utility
CEZ. PRAVO writes that Mr Mil remains general director of CEZ but it is
not certain for how long. The state disliked, among other things, CEZ's
participation in the privatisation of coal producers Sokolovska uhelna and
Severoceske doly.
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Current AffairsAnother blackmailer arrested in fast police action
Czech police have arrested a man accused of sabotaging railway tracks in
North Moravia. The man threatened to carry out more acts of sabotage
unless he received 15 million crowns. This is the latest in a series of
similar attempts by anonymous assailants to blackmail the authorities by
threatening to do public damage.
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Business NewsBusiness News
Prague blue-chips hit a three-year high earlier this week. Meanwhile, the
Czech crown fell to its lowest in over a year and a half against the euro.
The Czech central bank will most likely change its inflation targeting
policy. New Telecommunications Act forces former monopoly Czech Telecom to
rent last mile to competitors. Czech Telecom to sell off some assets. The
largest Czech coal-burning power station out of operation. Power Utility
CEZ eying mulls eastward expansion. Sixteen buildings in Prague's
Wenceslas Square are up for sale again.
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