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Current AffairsPilot emission of government bonds sells like hot cakes
The government’s offer of state bonds, enabling citizens to invest in the
national debt, has proved hugely successful. After registering orders for
more than 16.5 billion crowns, way over the set 10 billion crown target,
the Finance Ministry terminated all registrations on Friday, three weeks
ahead of the scheduled date. Although public interest surpassed all
expectations, critics say it was a costly and unnecessary transaction. 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 business news this week: the government approves the 2012 draft budget
amidst concerns over revised economic growth predictions, wages rose by an
average 2.5 percent in the second quarter while the jobless rate remains
essentially unchanged at 8.2 percent. 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
Business NewsBusiness News
In this week’s business news: Czech GDP growth slows in the second
quarter of 2011, the Prime Minister admits that raising the lower VAT rate
to 19 percent in 2012 is a possibility, Student Agency’s RegioJet
launches its ticket sales for the Prague-Ostrava route, Škoda Auto saw a
sales growth of 18.3 percent in the first eight months of 2011
year-on-year, and the Czech Republic slips two notches in the WEF Global
Competitiveness Report. More
Business NewsBusiness News
In this week’s business news: the government moves to shift the burden
from direct to indirect taxation, Standard & Poor’s raises Czech
sovereign ratings, Trade and Industry Ministry statistics reveal a drop in
FDI and the Czech Mint reports a surge of interest in investment gold. More
Science JournalScience Journal
Where will the energy of the future come from? If it comes from nuclear
fusion, then the COMPASS tokamak fusion reactor in at Prague’s Institute
of Plasma Physics will have played an important role in making it a
reality. More
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