Cesky Telecom reports profit in 2004; Ombudsman says land owners due $350m in compensation; French restrictions on Czech workers may be lifted in 2006; Private companies to prepare 'eStat' plan to cut Czech bureaucracy; Industrial production up in December
Cesky Telecom reports profit in 2004
Ombudsman: land owners due $350m in compensation
Gross: French restrictions on Czech workers may be lifted in 2006
Private companies to prepare 'eStat' plan to cut Czech bureaucracy
The private companies Microsoft, Fujitsu, Siemens, Cisco, Deloitte and CSOB are sponsoring a seven-member team charged with drawing up a plan for trimming down the Czech Republic's bureaucracy. The daily Hospodarske Noviny reports that the plan, known as "eStat", is essentially funding campaign research for the main opposition Civic Democrat Party. The party says the programme is fully independent.
Industrial production up in December
Czech industrial production rose by 8.3 percent year-on-year in December, the Czech Statistical Office reports. That's just slightly less than in the previous month and also below market forecasts for December growth of around 10.5 percent. Analysts said rises in industrial output had been helped by the Czech Republic's accession to the European Union in May. However, some analysts warn that weak growth in Germany does not bode well for the Czech Republic. Meanwhile, the statistical office also released data showing real wages growing at a year-on-year rate of 1.8 percent in December with nominal wages up 4.6 percent year-on-year.