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In this week’s business news: Prime Minister Petr Nečas announces estimated additional cuts of 26 billion crowns to the state budget; a Czech MEP has praised the country’s refusal to join the fiscal compact; the Agriculture Minister is set to dismiss the CEO of a state-owned brewery; the country’s nuclear energy exports reach a record level; and, a poll finds that the majority of Czechs consider the current economic situation poor indeed. More

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Some Czech politicians have warned that due to the postponement of general elections, the Czech Republic might lose its seat on the European Commission. If a candidate is picked by the current caretaker government, they would have a weak mandate, according to the main Czech parties. But Sweden, which now heads the EU, says the current Commission should stay in place – until the future of the Lisbon treaty is clear.  More

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