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01/30/2014
The Czech mortgage market grew by 23 percent last year, according to figures released by the Regional Development Ministry on Thursday. In 2013, banks in the Czech Republic provided 92,600 loans totalling a record 149.3 billion crowns, or over 7 billion US dollars. Analysts say that refinanced mortgages accounted for around one third of the volume; however, record-low interest rates also contributed to the growth.
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01/30/2014
Prime Minister Bohuslav Sobotka said he would punish an employee of the Social Democratic party secretariat who made several mistakes in a formal document addressed to President Zeman requesting the appointment of the new government. Mr Zeman highlighted the errors at the appointment ceremony on Wednesday; the document stated wrong names of two ministers, and requested the appointment of two health ministers, omitting the agriculture portfolio. Mr Sobotka said the errors occurred because the staff was overworked, and said the author of the document would have their salary cut.
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01/30/2014
The Prague-based Institute for Clinical and Experimental Medicine, or IKEM, carried out record number of organ transplants last year, its director Pavel Trunečka said on Thursday. In total, 420 patients received 459 organs at the institute, which was 63 more than last year. Liver transplants were the most frequent with 63 cases, followed by 30 joint transplants of pancreas and kidney. Mr Trunečka said an improved coverage of the transplants by health insurance firms was behind last year’s record numbers.
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01/30/2014
First Czech athletes arrived in Sochi on Thursday, eight days before the start of the Winter Olympic Games. 27 of the Czech team’s 88 members are in Russia, including speed skater Martina Sáblíková, biathletes Gabriela Soukalová and Ondřej Moravec as well as snowboarder Šárka Pančochová. Other members of the Czech Olympic team are set to depart for Sochi next week.
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01/30/2014
In football, Plzeň and Czech attacking defender František Rajtoral has been loaned to German Bundesliga club Hannover for the remainder of the season. An option has also been included for the transfer of the 27 year old player to the German club, currently 10th in the top league. Rajtoral was to start training with Hannover already on Thursday.
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01/30/2014
Radek Štěpánek was drawn against Robin Haas of the Netherlands for the opening single of the Davis Cup’s first round to be played in Ostrava on Friday. In the other single on that day, Tomáš Berdych will face Dutchman Igor Sijsling. Czech captain Jaroslav Navrátil nominated Lukáš Rosol and Jiří Veselý for the doubles game on Saturday but it’s likely that Berdych and Štěpánek will play instead. The Czech Davis Cup team is looking to defend the trophy which they won in the past two seasons of the competition.
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01/29/2014
President Miloš Zeman appointed a new centre-left government to office on Wednesday. The new administration, led by Social Democrat prime minister Bohuslav Sobotka is a coalition of his party, Andrej Babis’ ANO movement, and the Christian Democrats. The new cabinet will have 17 members with the Social Democrats controlling eight ministries, ANO six and the Christian Democrats three.
The new administration has pledged to stimulate economic growth, raise pensions and the minimum wage while keeping the budget deficit below 3 percent of GDP. The incoming finance minister claims improved tax collection will help provide the state with the extra funds needed. The government has 30 days to win a vote of confidence in the lower house of parliament but coalition leaders said they would seek a vote around February 18.
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01/29/2014
President Zeman called on party leaders of the incoming government to make the passing of a new civil service law its highest priority. The proposed new law was already approved at first reading in the lower house of parliament, a step which the head of state demanded for ANO leader Andrej Babis to become minister of finance. Zeman stressed that the Czech Republic is the last EU country to implement rules guaranteeing an independent and professional civil service. He said such a law was the only way to protect citizens against those who sought to traffic state power.
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01/29/2014
A Czech betting company has offered odds that prime minister Bohuslav Sobotka’s government will probably last its full four year term. The Fortuna betting office was giving odds Wednesday of 1:0.95, meaning that a bet of 100 crowns would recoup 195 crowns if the government fulfilled its mandate. Odds were also being offered on which ministers would be sacrificed first in reshuffles.
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01/29/2014
The leader of the opposition Civic Democratic Party (ODS) Petr Fiala denounced the promises of the incoming coalition government as vague and irreconcilable. The recently selected leader of the centre-right party said that the government was promising more social spending but had failed to spell out where it will make savings. Fiala added that the self employed are likely to suffer the most from the new government’s measures and also highlighted the possibility of sector taxes on banks or big energy companies. But Fiala welcomed that a government composed of political parties would replace the caretaker administration installed by president Miloš Zeman.
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