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NewsAreva appeals its exclusion from Temelin tender

20-10-2012 22:47 | Daniela Lazarová

France’s Areva has appealed against ČEZ’s decision to exclude it from a 10 billion dollar tender for the completion of the Temelin nuclear power plant in south Bohemia. The state-owned French company addressed all the reasons given for its exclusion and said its offer was the most competitive. ČEZ has 10 days to review Areva’s appeal and publish its decision. In the event of a rejection, Areva would be entitled to file a complaint to the Czech anti-monopoly office, which would have 60 days to review the case. Areva was rejected from the tender for allegedly failing to meet legislative and commercial requirements. Westinghouse Electric Corp. and a Russian-Czech group led by Rosatom Corp.’s unit ZAO Atomstroyexport are still competing for the deal to build two more nuclear reactors at Temelin. ČEZ should choose the winner in mid- 2013 and sign a final contract with the respective company by the year’s end.  

NewsSkoda Rapid goes on sale in Czech Republic

20-10-2012 22:47 | Daniela Lazarová

Skoda’s latest model –a mid-sized sedan Rapid –went on sale in the Czech Republic on Saturday. The roomy, elegant sedan billed as “an affordable car for the whole family” attracted crowds of people to Skoda’s sales outlets for a closer look and a trial run. A Skoda spokesman said several hundred sales orders had been placed. Skoda Auto is expecting to produce 50,000 Rapid models next year.  

Current AffairsAreva excluded from multi-billion dollar Temelín contract

08-10-2012 16:04 | Daniela Lazarová

Temelín nuclear power plant The state-run power company ČEZ has excluded France’s Areva from a multi-billion dollar contract for the completion of the Temelín nuclear power plant, leaving just two contenders - Russian and US firms - in the running for the country’s biggest-ever energy deal. The news has left analysts speculating on the political and economic implications of this development.  More

NewsFrench eliminated from Temelín tender

05-10-2012 21:29 | Christian Falvey

The French industrial conglomerate Areva has been eliminated from the tender for the completion of the Temelín nuclear power plant. In an announcement that surprised experts on Friday, the plant’s operator, the energy company ČEZ, said that the French had not met the business and legal requirements of the public tender. The exact reasons for their exclusion can only be published after the company has completed all options of appeal, a ČEZ spokesman said. Two other participants remain in the tender: the US-Japanese Westinghouse and the Czech-Russian consortium of Skoda JS, Atomstroyexport and Gidropress. The costs of completing Temelín are expected to reach 200-300 billion crowns. The winner of the tender is to be announced next year.  

Business NewsBusiness News

05-10-2012 16:20 | Jan Richter

In Business News this week: Czech energy giant ČEZ excludes Areva from Temelín tender; EU stress tests reveal potential safety risks at Czech nuclear plants; largest Czech forestry firm goes bankrupt; Czechs continue to spend less on consumer goods; and truck maker Avia plans to expand to US market.  More

Business NewsBusiness News

14-09-2012 13:13 | Masha Volynsky

Foto: Škoda Auto In this week’s business news: The Czech national debt has risen by almost 10 percent in the first half of 2012; Real estate prices are dropping for the second quarter this year, while land prices are on the rise; Škoda Auto will introduce a new Fabia specifically for the Indian consumer; Fuel prices are breaking record highs again this week; a number of operational programmes in the Czech Republic will not get the EU funds they were counting on.  More

Business NewsBusiness News

24-08-2012 16:11 | Masha Volynsky

This week in business news: fuel prices skyrocket across the Czech Republic; the Czech government will launch a new scheme to help local business in trouble; the new energy conception seeks to boost nuclear reliance by 2040; Czechs are spending less and saving more; Czech car makers see a rise in production in first half of 2012.   More

NewsBIS report: Russian agents on Czech soil focussed on energy and industry in 2011

22-08-2012 19:14 | Jan Velinger

Russian intelligence officers were the most active of foreign secret service agents on Czech soil last year, says the annual report by the country’s counter-intelligence service, BIS. According to the report, Russian agents in the Czech Republic focussed most on economic issues such as energy and industry, including the completion of the country’s Temelín nuclear power plant. A Czech-Russian consortium is one of three participants bidding in a multi-billion crown tender on the completion of new nuclear reactors at Temelín. The report by BIS adds that in 2011 Russia was successful in continuing long-term efforts to maintain a high number of agents in the Czech Republic under cover of its diplomatic corps.  

NewsCzechs to rely on nuclear power: ministry

31-07-2012 18:47 | Jan Richter

The Czech Republic should in the future increasingly rely on nuclear power while phasing out coal power plants, according to an updated blueprint for the country’s energy strategy unveiled on Monday by the minister of industry and trade. The share of nuclear power should increase from the current 16 percent to between 30 and 35 percent by the year 2040. Minister Martin Kuba told reporters that the state should also halt massive subsidies for renewable sources of energy.

Environmental groups criticized the plan and said the country has a much greater potential of using renewable energy sources than assumed by the government. The blueprint will be now reviewed by the various government branches before it is discussed by the cabinet at the end of August.  

Business NewsBusiness News

27-07-2012 16:01 | Dominik Jůn

Škoda Rapid In this week’s Business News: Czech economic confidence takes fresh hit; Škoda reports strong sales and increased profits; the government is to increase the country’s petroleum reserves; Unipetrol reports significant losses; a survey finds that cleaners and politicians are the Czech Republic’s least prestigious professions and a Finance Ministry report says that taxing betting winnings is not viable.   More


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