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Business - page 15

EU banking union
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Banker busted in ill-fated caper

Group took advantage of legal shift to profit from torn bank notes Despite the best efforts of 1980s rockers Dire Straits, there remains no such thing as money for nothing, as at least one former Czech National Bank (ČNB) employee is learning the hard way. A recent shift in bank policy sees the holders of… Keep Reading

The Swiss Criminal Court in Bellizona
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Swiss arrest 7 in MUS case

Six Czechs reportedly among those part of privatization scam Seven people suspected of fraud and money laundering during the privatization of Czech coal-mining company Mostecká uhelná společnost (MUS) were seemingly charged by the Swiss general prosecutor’s office Oct. 23. A statement from the Swiss Prosecutor’s Office said only, “Official Swiss prosecutors sued seven people suspected… Keep Reading

Stephens
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Czechs, Aussies partner on energy

Dozens of scientists at work on thorium, an alternative to uranium For the past five years, a group of Czechs and Australians have been working on the beginnings of a partnership to develop an energy source they say could be the answer to Europe’s growing energy needs and lower emissions goals, but without the safety… Keep Reading

nuclear power plant
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Plan to boost nuclear capacity

Proposal would cut subsidies for renewable energy sources In a draft proposal that goes completely against the anti-nuclear and pro-renewable energy tide in Europe, the Industry and Trade Ministry has suggested boosting nuclear energy capacity to meet 80 percent of domestic energy demands by 2060, while removing coal mining limits and phasing out some renewable… Keep Reading

Restaurants fear smoking ban
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Restaurants fear smoking ban

Health Ministry supports proposal, says the financial savings will outweigh losses A proposed ban on smoking in restaurants, bars and cafés has spurred a debate about how the economic consequences will weigh out, as those against the ban caution that bars and restaurants, as well as state revenue, will suffer if fewer people buy cigarettes,… Keep Reading

temelin protest
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Austria to ban import of nuclear fueled energy

Effect on ČEZ remains uncertain as experts question feasibility of plan When Germany chose to shut down eight of its nuclear power plants immediately after the meltdown of the Fukushima Daiichi plant in Japan, and then moved to speed up the shutdown of the rest by 2022, it couldn’t have been better news for state-owned… Keep Reading

local-brewers
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Brewers revive pride in local brands

Trend sees long-shuttered facilities transformed into microbreweries, brewpubs Big breweries may have an economy-of-scale, but a growing number of microbrewers seems to say there is still hope for the little guy. In a trend echoed in the United Kingdom, skilled brewers and entrepreneurs are returning to their hometowns to reopen breweries, many of which had… Keep Reading

Hackers steal carbon credits
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Hackers steal carbon credits

EU shuts down emissions trading as 30 million euros worth go missing The European Union has been forced to shut down its carbon credit markets after hackers stole up to 30 million euros ($40.8 million/728.4 million Kč) worth of the emissions allowances from the registries of five European countries, including the Czech Republic. The Czech… Keep Reading

google
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Google responds to EC anti-trust investigation

Spokesman says the Internet behemoth is unlikely to incur fines The European Commission (EC) is taking a closer look at Google in response to complaints filed by companies that allege the Internet search engine disadvantaged their sites through its placement of both paid advertising services and search results. Foundem, a UK search site; Microsoft-owned Ciao,… Keep Reading

wheat
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Winter wheat picks up reserves

Wheat planted in late fall will bolster reserve levels, analysts predict Spring harvests of winter wheat will help close a supply gap caused by 2010’s shortfall, according to forecasts, but analysts say other farming trends will maintain upward pressure on prices. Winter wheat is a variety of grain planted between September and December. The wheat… Keep Reading

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