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Business NewsGovernment decides to take control of Aero from Boeing
The Czech government has decided to act to save the troubled aircraft maker
Aero Vodochody, controlled by American Boeing, restructure the company and
find a new strategic partner for it. However, the plan is not without a
catch: although the government holds a majority in Aero, Boeign has a
managerial control and the government cannot terminate their agreement
unilaterally.
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Press ReviewPress Review
Tony Blair's exoneration by the Hutton inquiry makes front pages on all the
Czech dailies today - "Blair triumphs" reads the headline in
Mlada Fronta Dnes. Also making headlines: proposals by the opposition
Civic Democrats for a "TV tax" to replace the existing licence
system, and news that the American company Monsanto has been given the
go-ahead to test a new type of genetically-modified corn in the Czech
Republic.
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Business NewsBusiness News
Czech producer prices have grown again in December. The government is
likely to ask coal mine bidders to increase offers. Czech officials put
pressure on Boeing over Aero's problems. Czech Airlines open new Prague
air cargo terminal. Cabinet shortlists three bidders in Unipetrol
privatisation. The Czech Republic has asked the World Bank and the
European Bank for Reconstruction and Development to help it upgrade the
bankruptcy law.
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MailboxMailbox
Topic's this week: Aero Vodochody, Safari in Dvur Kralove, Masaryk
University, Pupendo. Listeners quoted: Mark Pons, Illiana Maine, Adolfo
Maiorana, Gerda Broheim.
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Business NewsBusiness News
The president has vetoed a law that would have raised the value added tax
on some goods and services by 17 percent. The government will keep
indebted aircraft maker Aero Vodochody afloat and consider privatising it.
The majority shareholder of the Czech Republic's second largest telecoms
group Ceske Radiokomunikace indefinitely delayed a public buyout offer to
minority shareholders.
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Press ReviewPress Review
Naturally, all the papers are dominated by today's elections, the third
attempt to elect a successor to Vaclav Havel. With the exception of Pravo,
all of the dailies carry photos of the two candidates, Jan Sokol and
Vaclav Klaus, on their front pages.
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Current AffairsPilot dies in fatal military plane crash, investigation underway
On Monday another fatal accident involving a military aircraft happened in
the Czech Republic. This is the twenty fourth fatality in a string of
airforce accidents in the past decade, which have claimed the lives of
some of the country's elite pilots.
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Business NewsBusiness News
The Czech Republic may need another nuclear power station, says the
Industry and Trade Minister Jiri Rusnok. The Czech ministers of trade and
defence have been lobbying in India on behalf of the Czech military
aircraft maker Aero Vodochody. Matsushita is planning to invest another 8
million USD in a R&D facility in Czech Republic. Mobile penetration is
expected to reach 90 percent in 2003.
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Current AffairsGM crops and food products
By
This week the Czech branch of Greenpeace presented the public with a Czech translation of Eric Millstone's book Genetic Manipulation in Court. The book is a collection of scientific evidence presented in court in defense of 28 British Greenpeace activists who were charged with damaging private property after they destroyed a field of GM corn for fear of what it might do to the surrounding environment.
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