Cabinet approves sale of Cesky Telecom to Telefonica; Communists want to link confidence vote with bill on assets declaration; Czech Airlines (CSA) buys 12 Airbus planes with aim of competing for European flights, Czech MEPs pushing Brussels for change in distribution of EU funds to poor regions; Zentiva, Pfizer row over anti-cholesterol 'generic equivalent'; Skoda Auto management agrees to workers' 7 pct wage hike
Cabinet approves sale of Cesky Telecom to Telefonica
Telefonica will be required to make a buyout offer to minority shareholders, and the Czech government want to ensure that it gets to appoint someone to the fixed-line operator's board, but most analysts say it's still too early to say whether the Spanish company will keep Eurotel, the mobile operator wholly owned by Cesky Telecom, or pay out dividends.
Communists want to link confidence vote with bill on assets declaration
Meanwhile, the Communist Party, whose members' abstention from a no-confidence vote in the Prime Minster last week, and so allowed Stanislav Gross to remain the head of government for at least a while longer, now says it will consider backing the current government only if the Cabinet links an upcoming confidence vote with a vote on a bill on property statements. Communist Party chairman Miroslav Grebenicek wants inspectors to be allowed to compare the asset statements of legislators with their past income, which he said was the only way to trace dirty deals linked to political structures. The Communists also want this standard to be applied retroactively.
National carrier CSA (Czech Airlines) buys 12 Airbus planes with aim of competing for European flights
Meanwhile, another quite large state-owned company, the Czech airline carrier CSA, signed a contract this week for the purchase of 12 Airbus planes to replace its aging fleet of smaller passenger planes designed for medium-range flights. CSA is looking to increase the number of flights from Prague to other European capitals to compete with a boom in recent years of budget European airlines.
Czech MEPs pushing Brussels for change in distribution of EU funds to poor regions
Zentiva, Pfizer row over anti-cholesterol 'generic equivalent'
Skoda Auto management agrees to workers' 7 pct wage hike
And after months of bargaining and under pressure of strike alerts, Skoda Auto has agreed to a 7 percent increase in wages, to be applied retroactively.