Energy producers in the Czech Republic have tabulated that damage from
hurricane-force winds two Sundays ago, reached almost 100 million crowns.
The storm, which began at around 12 AM on October 29, and lasted throughout
the night and into the next day, brought down trees and power lines; four
people were killed by falling trees. On the country’s highest peak,
Snežka, winds reached the speed of 180 km/h. The head of energy giant
ČEZ, Daniel Beneš, said that ČEZ had seen damage worth more than 70
million crowns but said it would have no impact on company results as the
firm was insured against natural calamities of this kind.
Energy company E.ON posted damage at around 20 million crowns.
Andrej Babiš, the head of ANO tasked with forming the new government, has
said he has found a candidate for the post of Minister of Industry and
Trade. However, he has not divulged the person’s name as yet. Mr Babiš
is looking to form a minority government capable of finding broader
political backing in the lower house, after his party won almost 30 percent
of the vote in the election in October.
On Monday, ANO representatives met with representatives of the Civic Democratic party to discuss posts in the new Chamber of Deputies; ANO is pushing for Radek Vondráček to become the new house speaker. Facing opposition to the idea, Babiš pointed out the last election winners, the Social Democrats, had also secured the post.
A Czech inventor is behind what is claimed to be a revolutionary lithium battery which could be the answer to the world’s energy storage problems. And the dream of inventor Jan Procházka is now taking shape with a high tech factory being constructed for the production of those small, high powered but low cost batteries in the far east of the Czech Republic.
Czech auto makers are on course to produce a record 1.4 million vehicles
this year, the president of the Automotive Industry Association, Bohdan
Wojnar, said on Wednesday. In 2016 1.344 million cars, also a record, were
produced in the country and that the growth trend is set to continue, Mr.
Speaking at a conference in Brno on the future of the auto industry in the Czech Republic and Central Europe, Mr. Wojnar attributed this success to domestic economic growth and foreign demand. However, he said the industry, which is producing at close to full capacity, was struggling to find workers on a labour market marked by an unusually high number of vacancies.
The CEO of Australian company European Metals Holdings, Keith Coughlan, has
said the company wants to negotiate the possibility of extraction of
lithium at Cínovka in Teplice in the Ore Mountains with the new
government. According to the CEO, EMH is ready to meet the obligations of a
memorandum signed by the Social Democrat Minister of Industry Jiří
Havlíček and the company at the beginning of October.
The firm has already negotiated with the state enterprise Diamo. It is unclear what tack the next government will take. Lithium mining in the Czech Republic became a heavily politicized issue ahead of the recent election. In the run-up, Andrej Babiš, whose ANO won the election, several times labelled the memorandum as theft.
The Lower House of Parliament is set to hold an extraordinary meeting on
Monday over lithium mining in the Czech Republic, which has caused a
dispute between the Social Democrats and the ANO party. ANO said the
memorandum signed by the Social Democrat-controlled Ministry of Industry
with Australia’s European Metals Holdings Company sells out the national
The meeting was prompted by the opposition Communist Party, according to which lithium doesn’t belong to foreign hands and should remain in the state hands. However, the Social Democrat foreign minister, Lubomír Zaorálek, said the government had agreed a measure aimed at boosting the state’s rights to mine other materials.