Social Democrats criticise plan to sell state shares in CEZ

The opposition Social Democrats have criticised government plans to sell seven percent of the state's stake in the power giant CEZ. The shares, currently worth some 35.7 billion crowns (an estimated 1.6 billion US dollars), are to be offered on the stock market later this year. The daily Hospodarske Noviny reports that the revenue is to be used for the construction of roads and motorways. Social Democrat MP and former Trade and Industry Minister Milan Urban has opposed the plan. He views it as irresponsible to sell off part of CEZ just for the purpose of what he considers "darning a hole" in state finances.

Author: Dita Asiedu