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MBANK Commerzbank’s Polish subsidiary mBank has officially entered the Czech market, opening its first banking center and launching Internet banking services, Hospodářské noviny (HN) reported Nov. 26. The bank’s Internet accounts offer lower-than-typical fees, including free incoming and outgoing payments and three free ATM withdrawals a month. The low fees could force other banks to follow suit.

DPP The Prague Transport Authority has unveiled a new method of purchasing transit tickets — by SMS. Riders with Czech mobile phones can text “DPT” to the phone number 902 06 20 and receive a 20 Kč ticket valid for 90 minutes. If stopped by inspectors, you can show them the included codes in the text as a proof of purchase. For more info, go to www.dpp.cz.
ENERGY The European Commission announced a new campaign to coordinate and fund innovation into alternative energy technologies Nov. 22. The campaign hopes to correct structural weaknesses in the research process — notably, the reluctance of companies to get involved with little potential of profit — that could undermine the European Union’s goal of cutting greenhouse gas emissions 20 percent by 2020.
DIGITAL As expected, the broadcasting bill was signed into law by President Václav Klaus Nov. 22. The legislation enables digital broadcasting to begin next year for the country’s two main stations, TV Nova and Prima TV, along with six smaller stations. The law also will limit the amount of advertising on public broadcaster Czech Television.
PORTALS Two of the country’s largest Internet portals, Centrum.cz and Atlas.cz, are both up for sale, HN reported Nov. 22. Bids for the two are estimated to be between 2 billion and 3 billion Kč ($110.5 million–165.7 million). One investor is reportedly interested in buying and merging the two sites in an attempt to take on Seznam.cz, the largest Czech search engine.  
FUEL The Temelín nuclear power plant will produce almost 1 percent less electricity this year than expected, ČEZ said. Due to three shutdowns, the plant will produce 12.3 terawatts of electricity this year. Also, the Russian company TVEL has introduced the nuclear fuel that Temelín will begin using in 2009, replacing fuel provided by the U.S. firm Westinghouse.


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