Czech President Vaclav Klaus today signed a bill to facilitate bankruptcy proceedings, strengthen creditors and provide aid to companies in financial trouble. It should prevent commercial bankruptcies from leading to automatic liquidation, which could save jobs. The law has also introduced personal bankruptcies for individuals and allows insolvent people to clear debts without the necessity of property seizure. The authors of the bill say it is intended to alter how the country's previously inadequate bankruptcy laws are viewed in Europe.
The Scottish bakery Lightbody has revealed plans to build a new production hall in the Louny area of north western Bohemia. The company, which supplies goods to international retail chains such as Tesco and Carrefour, wants to begin production at the plant in March of next year. The venture is expected to create around 600 jobs in the region.
Flood alerts have reached their third and highest level in Hradek u
Rokycan in western Bohemia, after morning rainfall raised water levels
in the Klabava river, which rose above the 2 metre threshold for
increasing the alert.
Meteorologists have issued a warning that further towns in Southern parts of the Czech Republic could also still be at risk of flooding. They said that continued rainfall and snow from the mountains could further increase levels in the Vltava and Lunice rivers over the weekend, but do not believe it will be sufficient to raise the flood alert to its highest stage in these regions.
The all-Czech semi final of the ATP tennis tournament in Valencia has seen Cyril Suk and his doubles team-mate Petr Pala, who entered the competition as second seeds, knocked out by fourth seeds Lukas Dlouhy and Pavel Vizner. The match, which ended 6:3, 5:7, 10:5, means Dlouhy and Vizner will play either Spain's Feliciano Lopez and Fernando Verdasco or David Skoch and Tomas Zib of Ukraine in the final.
The funding for opposition Civic Democrat chairman Mirek Topolanek's luxurious Prague flat is being investigated by police after an anonymous report to the district state attorney's office. The complaint suggested that the purchase of Topolanek's 350,000-dollar flat was sponsored by the CEZ power utility company. Financial police are continuing the investigation.
The first secretary of the Czech Embassy in Havana, Stanislav Kazecky, has
been given three days to leave Cuba after local authorities refused to
renew his visa, accusing him of subversive actions and working for the
United States. The Czech Foreign Ministry has called on Cuba's charge
d'affaires in Prague to explain the decision, which it regards as
tantamount to expulsion. It said the move was clearly in response to the
Czech Republic's policy of criticizing human rights abuses in Cuba and
supporting the island state's opposition. Reuters reported that Mr Kazecky
had close contacts with dissidents in Cuba.
A Czech Foreign Ministry spokesperson said it would respond in kind by not renewing the visa of a Cuban diplomat in Prague next week. Tensions have been high between the two countries for some years.
The Czech Republic have drawn Holland in the play-offs for a place in the elite world group in tennis's Davis Cup. Czech number one Radek Stepanek is unlikely to return to the Czech team for September's tie: he has had a falling out with team manager Cyril Suk, and says he will not represent the Czech Republic as long as Suk remains in charge.
The remains of around 4,000 world war two German soldiers are to be stored at a Czech military facility for two years, before being buried in a German cemetery in the town of Marianske Lazne. They were exhumed around the Czech Republic and have been lying in a disused factory for three years, after the German organisation behind the project ran out of funding.
Water traffic on the Vltava in Prague has partly resumed, following the floods which have interrupted it in the past two weeks. The river is now open to boats between the Barrandov and Jirasek bridges. But Jiri Friedl, of Vltava river management, said that more of the river will be opened depending on the weather in the upcoming week.
Meanwhile, Prime Minister Jiri Paroubek has made an unusual challenge to Civic Democrats chief Mirek Topolanek. Mr Paroubek sent a letter written in archaic Czech to his rival, challenging him to a television "duel" before the elections. It was delivered by an old-fashioned horse and carriage. Mr Topolanek has accepted.
Language exams for foreigners seeking permanent residency permit to become tougher
Czech teenager builds second-largest ever Millennium Falcon LEGO model
Gunman kills six patients in Ostrava hospital, two more fighting for their lives
HN: Developers aiming to sell co-living concept in Prague
Press: Era of 100-crown lunch special is over, as food prices rocket