Slovakia must pay 19.4bn crowns to CSOB; CEZ board members charged with circumventing public tender law; Regional authorities to get more in tax revenues as of 2006; Vitkovice Steel privatisation schedule to be set in January; Internet growth in Czech Rep 'fourth fastest' in the world
Slovakia must pay 19.4bn crowns to CSOB
CEZ board members charged with circumventing public tender law
Regional authorities to get more in tax revenues as of 2006
As of next year, regional authorities will receive 27 billion crowns more from tax revenues in line with the law on budget assignment of taxes signed by President Vaclav Klaus this week, the President's spokesman Petr Hajek told the state news agency. Money for financing secondary schools, however, will continue to be administered by the government. In line with the law, regions will see their share of the tax revenues increased to 8.92 percent from the current 3.1 percent as of next year, but they will not receive an extra 28 billion crowns for secondary-school teachers' pay.
Vitkovice Steel privatisation schedule to be set in January
A ministerial commission for the privatisation of giant Czech steelworks Vitkovice Steel will declare a two-round tender to sell 99 percent of the company on Jan. 6. At that meeting, the commission is also due to approve the privatisation schedule. The Cabinet approved the privatisation method in mid-November. In the first round of the tender, investors will have to meet set conditions. The commission is looking for a business plan that would ensure viability and minimum employment until 2008. The main criterion in the second round of the tender will be the price.
Internet growth in Czech Rep 'fourth fastest' in the world
The Czech Republic showed the fourth sharpest growth in the number of high-speed Internet connections in the world in the third quarter of the year, statistics from Britain's Point-Topic have shown. The Czech growth reached 45 percent. Thailand was the leader with a 95 percent growth, ahead of Hungary with almost 70 percent and Poland with 60 percent.