• 03/25/2009

    Confidence in the Czech economy rose in March according to the monthly survey carried out by the Czech Statistical Office. It is the first time sentiment has improved since February 2008. Confidence rose by 1.7 points compared with February but the index is still 33 points lower over the last 12 months. The index was set at 100 in 2005. The survey showed a mixed outlook about the next months from different sectors of the economy. Construction and services see a continuing slowdown in activity but trade and industry detect signs of a pick up over the next three months.

    Author: Chris Johnstone
  • 03/25/2009

    An EU court has backed Czech state-owned brewery Budějovický Budvar in its long-running trademark battle with US beer giant Anheuser-Busch. The Luxembourg-based European Court of First Instance threw out an appeal made by Anheuser-Busch against an earlier decision preventing it from registering the Budweiser trademark in the EU saying the Czech brewer already had rights to use the description in Germany and Austria. The two companies have been waging a trademark war over the right to use the “budweiser” name for over 100 years. Anheuser-Busch can still appeal to the EU’s highest court.

    Author: Chris Johnstone
  • 03/25/2009

    The head of the Czech competition office has confirmed a half million crown fine on the country’s association of undertakers for trying to coordinate the charges for funeral services. The head of the Brno-based office rejected an appeal against the original fine imposed last June. The office uncovered proof that the association’s rules curbed competition between different funeral firms. Companies that cut their prices were faced with inspections from the association and were banned from publicising their lower charges. The result was a death blow to competition. The association has warned that it too could be buried if the fine is collected.

    Author: Chris Johnstone
  • 03/24/2009

    The government of Prime Minister Mirek Topolánek has fallen after losing a vote of no-confidence tabled by the opposition Social Democrats. The motion was carried by the bare minimum of 101 votes, when rebel Civic Democrat MPs Vlastimil Tlustý and Jan Schwippel and ex-Greens Věra Jakubková and Olga Zubová cast their votes with the 97 Social Democrat and Communist MPs in the lower house.

    Prime Minister Topolánek said on Monday that if the government fell he would expect President Václav Klaus to charge him with forming a new government; if that failed, he would then push for fresh elections in the summer. Mr Topolánek has rejected the idea of a caretaker government. However, much remains unclear about what will follow Tuesday’s dramatic vote.

    The fall of the government comes almost exactly halfway through the Czech Republic’s six-month presidency of the European Union. The prime minister told Czech Television he believed the presidency could function effectively, even without a stable government.

    The three-party coalition government, made up of Mirek Topolánek’s Civic Democrats, the Christian Democrats and the Greens, was appointed in January 2007.

    Author: Ian Willoughby
  • 03/24/2009

    The president of Ukraine, Viktor Yushchenko, is in the Czech capital for a two-day visit. Mr Yushchenko was welcomed to Prague Castle by President Václav Klaus on Tuesday morning. Speaking after their meeting, he said Kiev was glad to be invited to join the European Union’s Eastern Partnership initiative, which is being launched within the Czech presidency of the bloc. However, he said Ukraine did not regard that as a substitute for actually becoming a member of the EU.

    One of the highlights of Mr Yushchenko’s visit will be the unveiling of a statute to the great Ukrainian writer and artist Taras Shevchenko in Prague.

    Author: Ian Willoughby
  • 03/24/2009

    Police have arrested a 17-year-old in Nový Bydžov, east Bohemia who planned a bomb attack on his school and fellow pupils, the newspaper Deník reported. The youth, who has been remanded in custody since his arrest on Thursday, could face up to five years in jail if found guilty. Class-mates reported that he had behaved oddly and paid a great deal of attention to massacres in schools in other countries. Police are refusing to comment on the case, citing the suspect’s youth.

    Author: Ian Willoughby
  • 03/24/2009

    Four bidders have expressed interest in buying the state-owned carrier Czech Airlines, the Finance Ministry said. Three airlines are in the running for the 91.5-percent stake in CSA: Air France-KLM, Russia’s Aeroflot and a Czech consortium that includes the country’s biggest charter airline Travel Service. The fourth bid is from Odien AV III AS, a private equity fund of a financial company which is active in the region. Some commentators had expected more bids for Czech Airlines. The Czech government expects to choose a winner by the end of September, saying the privatisation could bring around CZK 3 billion into state coffers.

    Author: Ian Willoughby
  • 03/24/2009

    Fugitive Czech businessman Radovan Krejčíř could be extradited from South Africa for entering the country on a false passport, Hospodařské noviny reported. A spokesperson for the South African state attorney’s office told the newspaper the matter was still being investigated. The South African authorities have previously rejected a Czech government request for the extradition of Mr Krejčíř, who is wanted on charges of large scale fraud and conspiracy to murder.

    Author: Ian Willoughby
  • 03/24/2009

    Retail sales in the Czech Republic fell by 3.3 percent year-on-year in January, according to figures released on Tuesday. Analysts had expected a rather sharper fall, though one told the Czech News Agency the relatively positive result was due to a revision of older retail data by the Czech Statistics Office. Retail sales fell for four months in a row for the first time since the turn of 1998 and 1999.

    Author: Ian Willoughby
  • 03/24/2009

    Three Germans found guilty of giving the Hitler salute in a bar in Plzeň have been expelled from the Czech Republic. They were arrested after a far-right rock concert in the west Bohemian town on Saturday night. A judge barred the three, aged 20, 23 and 26, from returning to the country for a period of 30 months.

    Author: Ian Willoughby

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