Managers of state-run companies refuse to disclose personal assets in Hospodarske Noviny survey; EU Commission investigating Czech state's purchase of Ispat Nova Hut shares; Oskar Mobil secures '3G' licence; Finance Ministry looking to increase corporate pension-fund contributions; Unipetrol reports pre-tax profits in all key units; Lufthansa to open call centre in Brno; Hotel revenue up 12 percent
Managers of state-run companies refuse to disclose personal assets in Hospodarske Noviny survey
In the wake of the scandal surrounding Prime Minister Stanislav Gross' personal finances, the business daily Hospodarske Noviny this week asked several dozen regional politicians, judges, prosecutors and managers to complete a detailed form outlining their assets. Two-thirds of those approached agreed to do so; most managers of state-controlled companies, like Cesky Telecom and Czech Railways, refused.
EU Commission investigating Czech state's purchase of Ispat Nova Hut shares
The European Commission has begun investigating the Czech state's purchase last year of shares in Ispat Nova Hut from Trinecke zelezarny — for at least twice the market price. The Commission has said the purchase might constitute disallowed state support.
Oskar Mobil secures '3G' licence
Finance Ministry looking to increase corporate pension-fund contributions
The Finance Ministry has proposed increasing the corporate tax deduction next year for employer pension-fund contributions. The average contribution is now 350 crowns per month, equivalent to about 15 US dollars. It could rise by as much as 70 percent.
Unipetrol reports pre-tax profits in all key units
Lufthansa to open call centre in Brno
Lufthansa, Germany's biggest airline, will open a call center in Brno, the second-largest city in the Czech Republic. It is due to open in June and will serve customers from Central and Eastern Europe. Lufthansa plan's to double the number of its flights in the region by next year.
Hotel revenue up 12 percent
Czech hotel revenue rose by almost 12 percent year-on-year in 2004, with luxury hotels doing especially well. The Czech Statistical Office says one out of three tourists stayed in hotels with four- or and five-star ratings, while tourist numbers in low-category hotels and pensions dropped. About 13 million people stayed at hotels last year, and almost half of them were foreigners.