The Czech securities market regulator is to investigate possible market manipulation in the trading of shares in Cesky Telecom after they surged 5.13 percent last Thursday following reports - later denied - of interest from France Telecom in the Czech government's 51 percent stake in the telecoms operator. On Nov 25, a business website published a report citing an unnamed source as saying that France Telecom was interested in the Czech telco. The report also said top managers of France Telecom had asked Czech finance minister Bohuslav Sobotka for a meeting.
The renowned U.S. illusionist David Copperfield has arrived in the Czech Republic, on tour with his new show "An Intimate Evening of Grand Illusion". Among Mr Copperfield's most impressive feats in recent years were making the Statue of Liberty "disappear", walking through the Great Wall of China, and making a 70-ton Orient Express train car vanish in mid-air. The world-famous magician will stage shows in Prague, the Moravian capital of Brno and the northern Moravian city of Ostrava. David Copperfield last performed in Prague in December 1998.
A lawyer for Civic Democrat party head Mirek Topolanek has asked the ministries of Justice and the Interior for official confirmation on the accuracy of media reports relating to police wiretapping of Mr Topolanek's phone calls and the monitoring of his bank accounts. The lawyer, Tomas Sokol, said he wanted to determine whether his client's right to privacy had been violated. Police revealed that Mr Topolanek's phone had been bugged after a government MP said in September that he had been offered a bribe by two men close to Mr Topolanek in order to help bring down the government in a confidence vote.
The Czech senate has approved an amendment to the energy law that aims to liberalize the country's electricity and gas markets by 2007. Under the terms of the amendment, large firms will be able to choose their gas supplier as of January 2005. The following year, the market will open to smaller firms. By the end of 2006, the entire market is to be fully liberalized. The amendment also calls for the separation of transmission and distribution networks on electricity and gas markets by 2007.
A Prague municipal court has ordered the Interior Ministry to remove another name from its official list of former communist-era secret police agents. On Monday a judge ruled that there was no proof that Skoda Auto supervisory head Vratislav Kulhanek -- who also serves as the chairman of the Czech Ice Hockey Association -- had knowingly worked for the StB. An official list of StB agents and collaborators was published on the Interior Ministry's Internet site last spring.
The Czech government is due to decide on the method of the much-delayed privatisation of the dominant land line operator Cesky Telecom on Wednesday. The sale of the state's 51 percent stake in the company is expected to raise around 2.0 billion euros in what will be the largest privatisation of Prime Minister Stanislav Gross's government. A major cabinet split on which method to choose has only further delayed an already-protracted process. A majority of ministers, including Prime Minister Gross and Finance Minister Bohuslav Sobotka, favour a flotation on the capital markets but several ministers, including Information Technology Minister Vladimir Mlynar, say selling to a strategic investor would be a better long-term option for the company.
According to the STEM polling agency, the Prime Minister Stanislav Gross enjoys 40 percent of public support which is by some 11 percent less than in September. According to the agency's surveys Mr Gross's popular support is at its lowest since May 2002. He has fallen from second to fifth place on the popularity ladder. The Education Minister Petra Buzkova remains the most popular Czech politician, with 43 percent of public support.
Several hundred Ukrainians gathered in Prague's Wenceslas Square on Sunday to support Ukraine's opposition presidential candidate Viktor Yushchenko. As well as the demonstrators in Ukraine, the protesters in Prague wore orange scarves, hats and vests, symbolically joining the "Orange Revolution", called after the official colour of the opposition. The activists in Prague were also joined by members of the Belarusian minority and a number of Czech politicians. The activists are planning to keep on meeting outside the Ukrainian embassy in Prague. They also called on the Czech people and parliament to support them in their efforts.
The automotive pricing analysis internet server, Eurocarprice.com, has reported that used cars in the Czech Republic are cheaper than in most Western European countries. For example, the price of a three-year old car in the Czech Republic is 16 percent cheaper than the average price in the Euro-zone. The most expensive used cars are being sold in Portugal. On the average, a three-year old car costs around 40 percent of a new car in the Czech Republic.
The Czech immigration and border police carried out another nationwide operation to crack down on illegal immigrants on Friday night. Only in Prague and Central Bohemia, the police checked about 1,000 people. Around 40 people were arrested and 20 expelled from the country. Police also found two wanted persons during the overnight raid. The officers focused on dormitories, marketplaces, restaurants, bus and train stations, night clubs and roads connecting the state borders with large cities.