Cesky Telecom general meeting clears merger with mobile unit Eurotel.Czech Airlines boosts passengers by 4.3 percent in first quarter. Smart Wings to start regular flights from Budapest. PM to fly to South Korea to seal Hyundai plant deal. MPs vote for sales tax cut on selected foodstuffs. Steyr carrier-producer signs contracts with main suppliers. Lower house again passes cinematography fund bill
Cesky Telecom general meeting clears merger with mobile unit Eurotel
Czech Airlines boosts passengers by 4.3 percent in first quarter
Smart Wings to start regular flights from Budapest
PM to fly to South Korea to seal Hyundai plant deal
The Czech Prime Minister Jiri Paroubek said on Thursday he was prepared to travel to South Korea to seal an agreement for Hyundai to site its first European car plant in the Czech Republic if an escalating corruption scandal in South Korea prevented the Hyundai boss from leaving the country. Mr Paroubek said that he or Industry Minister Milan Urban were ready to fly to South Korea in May to sign the final agreement on the 1.2 billion dollars car plant. Mr Paroubek also dismissed fears that the developing corruption scandal over alleged slush fund payments by the South Korean car giant would cause the cancellation of the Czech project.
The Czech plant, expected to provide 3,000 direct and 10,000 indirect jobs, is due to start production in 2008 and become fully operational a year later, producing 300,000 cars a year.
MPs vote for VAT cut on selected foodstuffs
Steyr carrier-producer signs contracts with main suppliers
The Steyr Austrian arms producer has signed contracts with the main suppliers who will participate in the production of the new Pandur armoured personnel carriers for the Czech military, Steyr head Christian Fuchs said on Thursday. Among the suppliers are the Vojenske opravarenske podniky (Czech military repair works) and the Israeli company Rafael. The Defence Ministry had expected to sign the contract on the supply of 199 carriers for almost 24 billion crowns (1 billion dollars) with the producer by the end of April, however the Antitrust Office has not yet decided on a complaint filed by the Finnish company Patria, which failed in the tender earlier this year. Moreover, the lower house defence committee wants to assess the final version of the contract, which is one of the largest orders ever for the Czech military.
Lower house again passes cinematography fund bill
The lower house has overridden a Senate veto, by passing an amendment to the cinematography fund law, rejecting all the changes proposed by the Senate. Under the bill cinemas, television channels and videocassette and DVD distributors will have to contribute to the cinematography fund supporting the Czech film industry. The Culture Ministry, which drafted the bill, says it is designed to triple the current budget of the fund, to some 222 million crowns (over 9 million dollars) a year. While filmmakers welcomed the bill when it was passed in the first vote in February, cinema and television station operators raised objections to it. If signed by the president, the bill will take effect on July 1, 2006.