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Swedish broadcaster MTG reported buyer of TV Prima; CME pays $119m for
Galaxie Sport channel; EIB to lend Czech Republic some $167m towards
highway construction; Government approves $207m military truck contract
with Tatra; Airlines to pay more for flyovers; Czech-based drugs maker
Zentiva buys into Romania's Sicomed for $200m
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Letter from PragueFrom petrol to cooking oil
Forget the weather - the hot topic in Prague this summer is the price of
petrol. For a nation of country cottage enthusiasts for whom a weekly trip
to their country cottage is a must the price of petrol is a big deal. And
it has been climbing steadily all summer. Nowadays you'll see many drivers
slowing down as they go past a petrol station with an eye out on where you
can get the lowest price.
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Business NewsBusiness briefs
President Klaus vetoes regional hospital bill; Czech economy posted GDP
growth of 5.1 percent in 2Q; Market research survey shows growing
disparity in purchasing power between Bohemia and Moravia; South Korean
automaker Sungwoo Hitech to build $105m plant here; Czech Republic
building highways at fastest rate ever, but at a greater cost than many
European countries
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Current AffairsToo much of a good thing?
Czech roads are considered to be among the most dangerous in Europe: 1,200
people are killed in road accidents every year. The traffic police claim
that this is largely due to undisciplined drivers and their own lack of
clout in enforcing traffic regulations. But ask motorists to tell you
their side of the story and you'll hear plenty of different arguments:
poor road maintenance which makes them swerve unexpectedly to avoid
potholes, overburdened highways and too many distractions in the form of
road-signs, billboards and even memorial stones of people killed in an
accident on a given spot.
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Current AffairsTraffic and road safety bill hits hurdle - again
Czech roads have one of the worst reputations in Europe thanks to an
appalling number of road accidents and related fatalities every year.
Although legislators have now spent almost two years trying to agree on an
overhaul in legislation improving the situation, they're not quite there
yet. More
Current AffairsLower House decides to clamp down on reckless drivers with point system
In about a year's time, drivers in the Czech Republic could face much
stricter road controls and new traffic regulations. After a two year
battle, the Transport Ministry has managed to push through a proposal to
introduce a points system. If approved by the Senate and signed by the
President, it could come into effect on July 1, 2006.
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Letter from PragueLookout: a garbage can!
I recently heard a Czech driver complain "if everything in this
country worked like our tow away services we'd be 25 years ahead of
Switzerland". I knew what he was talking about. On my way to work
every morning I see the police in action - progressing steadily down the
street, taking pictures of licence plates and then pointing out one
vehicle after another to the tow away truck driver. Those who don't get
towed away get the Canadian boot. Despite this, the next morning the
no-parking area is full of parked cars again.
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Business NewsBusiness briefs
Over 85 percent of company managers believe PM Gross 'untrustworthy', 75
percent support 'flat tax'; New Cabinet to focus on pension reform, lower
taxes, bankruptcy and conflict-of-interest laws; Metro line to be extended
—almost—to Ruzyne airport; EU anti-trust ministers agree to ban certain
sales techniques used by hypermarkets; Compromise on highway fees agreed
in Brussels
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