Environment Minister urges CEZ to change investment policy

Environment Minister Martin Bursik said on Sunday that the major Czech energy producer CEZ should focus on local investments rather than seek acquisitions on foreign markets. The state-owned energy giant has been recently investing in Poland, Bulgaria and Rumania, but according to Mr Bursik, it does nothing for its Czech customers. Last week, CEZ bid in a tender to construct two blocks of a nuclear power plant in Romania. Mr Bursik, who is also deputy prime minister and Green Party leader, criticized the company for not investing enough into refits of their coal-powered plants in the Czech Republic.