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December 4th, 2008
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Business Headlines

September 28th, 2005 | Current Issue

Facing sky-high costs
Czech Airlines cuts expansion plans to abate industry expenses

Prague to be financial, IT hub
Service center highlights potential of Czech capital

GDP grows in second quarter
Analysts warn against growing deficit, euro adoption, politics

Toll system bids revealed
Government braces for criticism over low number of bidders

BAE Systems bows out of Army tender
Tough bid timetables cited by U.S. company

New ÚOHS head vows change
Martin Pecina aims to revitalize appearance of Anti-Monopoly Office

10 Questions
with TomáS Chmel
10 Questions

Movers and Shakers
Sjögren to direct Mauritz
Movers & Shakers

BRIEFS


PRIMA - Potential suitors in the sale of Prima TV, the country's second-biggest private TV station, include Rupert Murdoch's News Corporation, Swedish MTG, Germany's RTL Group and Germany's ProSieben and SBS, the Czech News Agency announced. Euro OnLine reported that MTG had signed a contract for the purchase of 50 percent in Prima TV, with the other 50 percent remaining in the hands of current owner Ivan Zach.

LABOR - The Cabinet approved a draft of the controversial Labor Code amendment Sept. 21 after the Social Democrats pushed the draft through against the will of coalition partners Christians Democrats and the Freedom Union. The amendment has been criticized for giving more power to trade unions than employers. The draft will now go to Parliament.

INCOME - The Czech Republic made 0.33 percent of its gross national income on European Union membership in 2004, according to a recent European Commission report. Altogether, the Czech Republic received 250 million euros ($305 million/7.35 billon Kc) from EU funds last year.

BROADBAND - Germany's Siemens has won a tender to upgrade the broadband network of Czech telecommunications and transmission company Ceské radiokomunikace. Siemens beat rival Cisco in the 20 million Kc tender. The new technology will allow the telecom to offer Triple Play, Internet and TV broadcasting in one network.

AIRSPACE - International airlines will pay more for flying over the Czech territory from 2006 to reduce traffic and pay for the construction of a new control center near Prague, said Czech Air Traffic Control spokesman Richard Klíma. At present, airlines using Czech airspace pay the second-lowest fee in Europe (26.40 euros per aircraft). Klíma said the fee could grow to 34 euros.

FUEL - The Finance Ministry has launched checks of fuel prices in individual regions across the country, according to ministry spokesman Marek Zeman. The checks are being made to ensure that gas station operators drop gas prices as global oil prices decline.

CEZ - Power giant CEZ announced it plans to invest 100 billion Kc to renew coal-fired power stations in north Bohemia in the years ahead. CEZ decided to renovate the Prunérov II and Tusimice II plants and build two new plants. The CEZ group, which consists of more than 30 companies, invested 13.5 billion Kc in 2004, down from almost 21 billion Kc a year earlier.

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