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Business - page 9

renewable-energy
Business

Energy: Blackout risk looms

Grid operators say improvements are needed to accommodate increased renewable energy Europe’s goal of amplifying renewable energy usage across a single market is still frustrated by fragmented regional electric grids of varying quality, and as an important electricity transmission country for Central and Eastern Europe, the Czech Republic could face blackouts if a more cohesive… Keep Reading

uranium mine
Business

Gov’t eyes increased uranium mining

Environmental concerns, memories of communist-era forced labor unearthed Following months of discussions where it has become increasingly clear the government will look to significantly expand the use of nuclear energy to meet a large part of energy demand in the next 60 years, a proposal has emerged that encourages the expansion of uranium mining to… Keep Reading

Epron
Business

Areva talks Temelin bid

French company says nuclear plant tender is about experience Bidding on the lucrative public tender to build two new reactors at ČEZ’s Temelín nuclear power plant opened in October, and the three competitors are lobbying hard to ink contracts with Czech suppliers and contractors to make their bids more attractive when they are submitted next… Keep Reading

EU banking union
Business

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
Business

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
Business

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

Restaurants fear smoking ban
Business

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

local-brewers
Business

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
Business

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
Business

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

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