Finance Minister: government not to sell Prague airport for less than 100bn crowns

In more business news, Finance Minister Miroslav Kalousek has said that the government is not prepared to sell Prague airport for less than 100 billion CZK (6.3 billion USD). In an interview with the free daily newspaper E15, Mr Kalousek said that he would strongly recommend the government not to sell the airport to anyone offering under that price. But analysts have said that the sum is about the maximum price that the facility could possibly be sold for. Prague airport is the largest of the companies the government is hoping to privatise by the year 2010. The Finance Ministry’s financial advisors, Credit Suisse, have recommended the government sell the airport directly and to one investor.