One of the most controversial pieces of energy infrastructure in Europe, a new gas pipeline linking Russia and Germany, appears to be making progress in the Czech Republic. Prague has been in an awkward diplomatic spot over the proposed pipeline which is supported by Germany but vigorously opposed by Poland, Slovakia, and Baltic States.
Czech car maker Škoda Auto plans to create about 3,000 new jobs at its
plant in Mladá Boleslav, if it reaches agreement with the unions to launch
an 18-shifts-per-week system, the company CEO Bernhard Maier told the Czech
News Agency on Wednesday.
Mr Maier said the company is ready to launch negotiations with the government as well as with the town and regional representatives to build to new infrastructure that would enable the company to increase its capacity.
The supervisory board of Czech electricity company ČEZ’s said it had
agreed the sale of its remaining Bulgarian assets to local company Inercom.
The final sale agreement is expected within days. The deal still has to be cleared by Bulgaria’s anti-monopoly authority.
The sale of the seven companies should draw a line under ČEZ’s 14 year history in Bulgaria which has in recent years involved frequent conflicts with the government and regulators.
ČEZ added though that the Bulgarian experience had turned a profit and that the final offer from Inercom was well over the market valuation of the assets and the valuation set by an independent analyst.
Czech moves to construct new nuclear reactors by addressing the crucial question of who and how they will be funded looks like it could be finally addressed. A proposed shake-up of energy company ČEZ aimed at paving the way for power plant construction is now going to be reviewed by a government appointed team of experts. But what reactors might the Czechs eventually choose?
Demonstrations held in 11 cities over election of Communist MP Ondráček to chairman post
National Museum discovers fake gems in its collection
Czech Republic caught up in plastic waste disposal crisis in Europe
President Zeman’s Chinese advisor arrested
Growing concern over plight of leading Chinese investor in the Czech Republic