Czech canoeist Martin Doktor failed to clinch a medal in two finals on
Friday and Saturday morning, when he competed in the men's kilometre
and 500 metre events. In the first, Doktor came in 4th place, the
second, 5th. Perhaps even more frustrating for Czech fans was Nikola
Brejchova's finish in Friday evening's final in the women's javelin.
Brejchova held a strong second for most of the final but was beaten by
two competitors in the last round to slip to 4th place.
The Czechs have one more chance to clinch a medal Saturday evening in the men's javelin, in which the legendary Jan Zelezny is competing.
Six people including two children were killed in a car accident near the east Bohemian village of Gajary early Saturday. The accident took place at around 1 am when the passengers' vehicle was struck head-on by a van, whose driver suffered injury and is now in hospital. Police are not ruling out alcohol as a factor in the accident. The six people killed were members of two families headed for vacation in Slovakia: a one-year-old child was the sole passenger in the car to survive the crash.
Public broadcaster Czech TV has reported that the Czech Republic's current
Commissioner to the European Union, Pavel Telicka, is considering giving
up the civil service once his mandate ends in October this year. Mr
Telicka's original mandate - till 2009 - was cut short by the Czech
government following the collapse of the cabinet of Vladimir Spidla, who
has since been nominated for the post of Commissioner in Mr Telicka's
On Friday Mr Telicka told Czech TV he could not say whether he would stay on in Brussels or return to Prague, indicating he might take a step towards a career in the private sector. Earlier, in July, he refused current Prime Minister Stanislav Gross' offer to take on an advisory post in the Foreign Office.
The Ministry of Finance said on Friday it would amend the law on building and loan institutions in order to allow participants to be able to transfer their so-called "construction savings" schemes to other institutions without penalties. The move came after the Czech anti-monopoly office this week imposed a record high fine of 484 million crowns on the country's six building and loans for having allegedly colluded on prices. The banks, which are likely to appeal the decision, were found to have taken advantage of the fact that building and loan customers cannot switch to other institutions without losing state subsidies.
The Czech crown strengthened by Kc0.14 to Kc31.80/EUR on enthusiam by foreign investors for growth prospects in Central European region, Komercni banka's dealing section told the CTK news agency. The crown's firming is also likely due to higher interest Mates, analysts said. The Czech National Bank on Thursday raised interest rates by quarter a point to 2.50 percent. The market had anticipated the tightening of monetary policy and showed no major reaction to the move itself.
A group of MPs, civil servants and key figures from civil society among the 10 new European Union member states, will travel to two developing countries on Saturday on a trip sponsored by the Dutch government, which currently holds the rotating EU presidency. The Dutch Minister for Development Cooperation, Agnes van Ardenne, said the week-long trip to Uganda and Vietnam was meant to give the accession countries the opportunity to develop in their new role as aid donor — rather than recipient — states.
The Czech National Bank has - as expected - decided to raise interest rates by 0.25 percentage points. On Friday the repo rate will grow to 2.50 percent, the discount rate will rise to 1.50 percent and the Lombard rate to 3.50 percent, a spokesman for the Bank said on Thursday. The increase will result in higher interest rates on loans and deposits at commercial banks.
One of the greatest Czech athletes of all time, javelin thrower Jan Zelezny, has been elected a member of the International Olympic Committee for the second time. Zelezny received the second highest number of votes among 29 candidates in Athens on Thursday. The javelin legend has three Olympic gold medals and will be hoping to add to that collection on Saturday evening, when he competes at the Games for the last time.