• Cabinet keeps options open over privatisation of Cesky Telecom
    12/02/2004

    The cabinet has decided to keep its options open over the privatisation of Cesky Telecom: it will first try to find a suitable investor. If that should fail, it will sell its 51% stake in the telecommunications company on the capital markets. A number of foreign investors have expressed interest in taking part in the tender, which will close at the end of March. Cesky Telecom has an estimated market value of 114 billion crowns; it operates three and a half million fixed lines and is the sole owner of mobile operator Eurotel, which has almost four and a half million customers.
    Author: Dita Asiedu

  • EU Descartes Prizes awarded at Prague Castle
    12/02/2004

    Prague Castle hosted the yearly Descartes Prize award ceremony on Thursday at which scientists were honoured for their contributions in the field of life science and physics. This year's 1 million euro EU Descartes Prize was awarded to two teams for outstanding cross-border research. The winning EU-US team has made revolutionary breakthroughs in the field of quantum cryptography; the winning pan-European team contributed to greater understanding of mitochondrial DNA, believed to be one of the keys to the ageing process.

    A 250,000 euro EU Descartes Prize for Science Communication was awarded for the first time to five personalities for their exceptional role in bringing science and technology to wider audiences in Europe.
    Author: Dita Asiedu

  • Beslan children arrive in Czech Republic
    12/02/2004

    A group of children from the Russian town of Beslan have arrived in the Czech Republic, where they will undergo medical treatment and rehabilitation. A hostage crisis at their school in September ended in the deaths of more than 300 people. The children, accompanied by parents and teachers, as well as psychologists, will be staying in the west Bohemian spa town of Karlovy Vary, where there is a sizable Russian community.
    Author: Dita Asiedu

  • Czech football coach Bruckner receives large bonus for Euro 2004 success
    12/02/2004

    The Czech football coach, Karel Bruckner, received a bonus of 15 million crowns (almost half a million euros) for leading the national team to the semi-finals of the European Championships in Portugal, the Czech squad's business manager Vlastimil Kostal said on Wednesday. But Mr Kostal denied press reports the coach had decided his own bonus, saying the figure was established in Mr Bruckner's contract. The main stars of the team, such as Pavel Nedved and Milan Baros, received seven and a half million crowns, while other players and staff received smaller sums.
    Author: Dita Asiedu

  • Klaus rejects Ukrainian parliament vote of no-confidence in Yanukovych
    12/01/2004

    The Czech president, Vaclav Klaus, has rejected a vote of no-confidence in Ukraine's prime minister, Viktor Yanukovych, passed by the country's parliament. Mr Yanukovych came first in Ukraine's presidential elections amid widespread allegations of voting irregularities. Mr Klaus said, however, the no-confidence vote would lead to increased instability in the country. He said he was worried about steps being taken which could lead to a "point of no return" in Ukraine. The Czech president has also called for a re-run of the disputed presidential election.
    Author: Ian Willoughby

  • Cesky Telecom shares rise in value ahead of cabinet sell-off decision
    12/01/2004

    Shares in Cesky Telecom rose by 2 percent on Wednesday, as the cabinet met to decide on the privatisation of the telecommunications company. It is expected to choose between selling the state's stake in Telecom via the capital markets and selling it to a strategic investor.
    Author: Ian Willoughby

  • Hard-line Communist Party of Czechoslovakia to run for parliament for first time
    12/01/2004

    The hard-line Communist Party of Czechoslovakia is planning to stand in general elections for the first time in 2006, leader Miroslav Stepan said on Wednesday. Mr Stepan, the Communist Party chief in Prague before 1989, spent two and a half years in prison in the early 1990s for trying to crush the Velvet Revolution. He said his party were growing in strength and attracting disaffected members of the more mainstream Communist Party of Bohemia and Moravia, which is the second biggest opposition group in the Czech parliament.
    Author: Ian Willoughby

  • Seventy Beslan children coming to Czech Republic
    12/01/2004

    A group of around 70 children from the Russian town of Beslan was due to arrive in the Czech Republic on Wednesday evening to undergo medical treatment and rehabilitation. A hostage crisis at their school in September ended in the deaths of more than 300 people. The children, accompanied by parents and teachers, as well as psychologists, will be staying in the west Bohemian spa town of Karlovy Vary, where there is a sizable Russian community.
    Author: Ian Willoughby

  • Czech Airlines to open fourth direct route to Slovakia
    12/01/2004

    Czech Airlines is planning to introduce a fourth direct route to Slovakia, a spokesperson said on Wednesday. Along with established destinations Bratislava, Kosice and Sliac, CSA is going to fly to the western town of Zilina from March next year.
    Author: Ian Willoughby

  • OECD tells Czech Republic to speed up pension and health reforms
    11/30/2004

    The Organization for Economic Cooperation and Development has called on the Czech Republic to speed up pension and health care reforms. In a report on the state of the economy published on Tuesday, the OECD warned that the objective of achieving a deficit equal to three percent of GDP by 2008, which is a condition for adopting the euro, would not be reached without further measures. The Czech Republic would like to join the euro-zone sometime at the end of the decade.
    Author: Daniela Lazarová

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