The German-owned, Czech-based car producer Škoda Auto posted a 561-percent increase in profits in the first quarter of 2010 year-on-year. The car maker made just over 2 billion crowns, or more than 107 million US dollars over the first three months of this year, with revenues increasing by 32 percent to 52.5 billion crowns. The company sold nearly 180,000 cars, which was some 25 percent more than last year. The head of Škoda board of directors, Reinhard Fleger, said the firm expected higher sales for the rest of the year despite continuing uncertainty at world markets.
The vice-governor of the Czech National Bank, Mojmír Hampl, said that due to the current problems of the Eurozone, it made no sense to talk about any concrete deadline for the adoption of the euro in the Czech Republic. Speaking at a seminar held by the Czech Exporters’ Association, Mr Hampl said the European Union and the Eurozone faced a complicated debate on its future economic policies. The demand on the side of the Eurozone to accept new members also decreased, according to Mojmír Hampl. Most experts and politicians believe the Czech Republic could adopt the euro in 2015 at the earliest.
The city of Zlín, in eastern Moravia, stripped on Thursday the communist dictator and Czechoslovak president Klement Gottwald of freedom of the city he was awarded in 1946. The motion was supported by 34 out of 38 council members; two communist councilmen voted against it. In 1949, the city of Zlín, where the Baťa shoe company was based, was renamed Gottwaldov, in honour of Klement Gottwald, who led the communist coup in 1948, and served as the country’s first communist president until his death in 1953.
Czech President Václav Klaus has said that Germany must be prepared to bear the negative effects of European integration it always championed. Speaking at Humboldt University in Berlin on Thursday, Mr Klaus said that freedom and prosperity in Europe are at risk, and that the Lisbon treaty had failed to bring more democracy to the European Union. According to the Czech president, EU enlargement had caused the bloc to lose its decision-making potential. Mr Klaus also drew a parallel between the European Union and communism saying that both deny nations equality and sovereignty. Despite the existence of the formal posts of EU president and foreign minister, and the EU flag and anthem, it is Germany and France who wield the real power, President Klaus added.
President Václav Klaus vetoed on Thursday a bill that would have increased maternity benefits to the levels of 2009. Mr Klaus said the bill would increase the deficit of Czech public finances, which goes against the interest of the Czech society. The bill was approved earlier this month by the Social Democrats, Communists, Christian Democrats and the Greens. It will now return to Parliament’s lower house which is expected to overturn the presidential veto at its May session.
Prague zoo is opening its gorilla pavilion to the public for the first time since the birth of a new gorilla baby on Saturday. Visitors can visit the pavilion on Thursday afternoon, but the director of the zoo stressed that rules for visitors would be very strict. They can only enter in small groups and only stay inside for a few minutes. The baby is the third child born to gorilla Kijivu. Gorillas are very popular with visitors of Prague zoo, which has set up a live video-stream from the gorilla pavilion on its website.
The Czech Finance Ministry raised on Thursday its estimate for this year’s economic growth by 0.2 percentage points to 1.5 percent. Next year, the Czech Republic’s gross domestic product should grow by 2.4 percent. The estimate of the Czech National Bank for this year’s growth is lower; the central bank believes the economy will grow by 1.4 percent. Last year the Czech economy contracted by 4.2 percent. The Finance Ministry said the country was successfully recovering from the downturn, and expected the growth will be fuelled by foreign trade.
The Czech energy producer ČEZ will decide within two years whether it will build a new, fifth block at the Dukovany nuclear power plant in southern Moravia, the plant’s director told reporters on Thursday. A feasibility study on the new block should be ready by the end of the year. The Dukovany power plant was built 25 years ago, and ČEZ plans to keep it in operation for another 35 years. Unlike the other Czech nuclear power plant in Temelín, the Dukovany plant faces difficulties with water supplies needed for cooling the blocks.
The Greek embassy in Prague was attacked with a Molotov cocktail in the
early hours of Thursday, Czech police said. The bottle with flammable
liquid landed in the embassy’s garden, and damaged the main entrance to
the building. Fire-fighters were able to put out fire before it could
further damage. Nobody was injured in the incident as the embassy was
at the time. A spokeswoman for the fire brigade said the fact that the
embassy is part of Greek sovereign territory somewhat complicated the
A member of the Greek mission told Radio Impuls the attack was not related to the current economic situation in Greece; it was rather an act in support of a Greek anarchist, Janis Dimitrákis, who recently landed a prison sentence.
In related news, a majority of Czechs oppose the adoption of the Euro for the time since 2001, according to a survey by the CVVM agency released on Thursday. 55 percent of those polled said they did not want the Czech Republic to adopt the single European currency, while 38 percent would welcome it. In 2001, 52 percent of Czechs supported the adoption of the euro. Among the opponents of the euro are supporters of the Social Democrats and Communists, elderly people and people with low living standards.
Collapse of Prague footbridge raises concerns regarding state of other bridges
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ANO leader Andrej Babiš appointed Czech prime minister
Czech wage rises continue apace, low earners seeing larger increases
Czech protesters run out of patience as Prague brutalist building faces demolition