Government to accept settlement from Setuza

The government is to accept a settlement of 1.1 billion CZK (53m USD) from the company Setuza. Distraint was declared at Setuza in November, with the chemicals and foods company owing the state 4 billion CZK. Agriculture Minister Petr Gandalovic recommended the acceptance of the settlement proposed by its new owners, and the government approved the move on Wednesday. The minister had rejected a lower offer in January.