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Current AffairsConstitutional Court upholds solar tax
The Czech Constitutional Court has upheld the government’s tax on solar
power, introduced retroactively last year in an effort to cool the solar
boom in the country. Photovoltaic firms complain the tax damages their
business while foreign investors into the business are threatening to
initiate international arbitrations against the country. But the court said
their interests cannot be superimposed over those of Czech citizens. More
Business NewsBusiness News
The prime minister wants a referendum if the euro is to be adopted; a new
natural gas line opens to the north; passenger car production up; the
government shells out 11.7 billion on operation of renewable energy
sources; and Czech Television stops advertising. More
Business NewsBusiness News
The Czech government’s pilot bond issue is sold out weeks ahead of
deadline; long-term unemployment rate drops in the second quarter of 2011;
the budget deficit reaches almost 80 percent of 2011 projected figure; next
year’s state budget draft proposes public service job cuts; dozens of
solar power companies demand compensation from Czech government. More
Business NewsBusiness News
In this week’s Business News: economic growth revised upwards; another
brick in Lego’s Czech expansion; ČEZ reported to have cooled on Turkish
joint venture; light shed on solar corruption sting; ministry earmarks film
industry support. More
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