• 08/05/2009

    Year-on-year inflation in the Czech Republic decreased to some 0.5 percent in July against the previous 1.2 percent figure, mainly due to lower prices of food and gas, the ctk news agency reported on Wednesday. Although the inflation figure is at a record-low analysts are not ruling out a further drop in August. Meanwhile, unemployment grew from 8 percent in June to 8.4 percent in July.

  • 08/05/2009

    Sales of new passenger cars and light utility vehicles in the Czech Republic sank by 13 percent year-on-year to just over 100, 000 units in the January-July period, the Car Importers Association said on Wednesday. The fall was mainly due to a significantly lower demand from companies, which dropped by a quarter, the association said. Sales of motorcycles also went down by a quarter in the first half of the year.

  • 08/05/2009

    Sparta Prague failed to keep their hopes alive of playing in the Champions League this season on Tuesday night. The Czech side lost 3:O in the return leg of a pre-qualification match against Greek team Panathinaikos to go down 4:3 on aggregate. The loss continues a series of no-shows in the prestigious competition for Sparta in recent years.

  • 08/04/2009

    The family of a Romanian Roma boy who died in a Prague hospital on Monday left the Czech capital on Tuesday evening with his body for burial at home. A convoy of cars accompanied the coffin of the 17-year-old said to be the ‘prince’ of an extended Roma clan. The boy died following a drowning accident which left him in a coma. Many members of the family and clan came to Prague to be by his bedside as he fought for his life.

    Confusion surrounded the funeral preparations on Tuesday. The family at first appealed for help saying they did not have the money to pay a funeral firm to transport the body. Prague city hall offered to step in to meet their cash shortfall but that offer was turned down with the family saying they had collected enough. The costs for a funeral company to transport the body to Romania was estimated at around 90,000 crowns.

    Author: Chris Johnstone
  • 08/04/2009

    Czech electricity giant ČEZ has launched a tender to double the size of the existing Temelín nuclear power plant. Firms have been invited to bid for the contract worth hundreds of billions of crowns by the end of October. The winner is not likely to be declared until two or three years down the line with the two new nuclear reactors likely to take around 15 years to prepare and build. The tender has been launched although the government has not cleared the extension of the controversial power plant, an environmental impact assessment has not been delivered for such plans and the state’s revision of its energy programme is still not finalised.

    Author: Chris Johnstone
  • 08/04/2009

    In connected news, ČEZ’s announcement has provoked protests from Austrian opponents of the Temelín plant. The environmental head of the regional council of neighbouring Upper Austria said that the environment impact assessment sought by ČEZ was flawed. He said the company had failed to first seek permission for a nuclear storage facility. Meanwhile, the leader of the far right Group for the Future of Austria has called for maximum civic protests against the extension. These include blocking frontier crossing points between the two countries. Austrian protesters say Temelín is a safety risk because of its original design and teething problems.

    Author: Chris Johnstone
  • 08/04/2009

    The summer scandal over former prime minister Mirek Topolánek’s Tuscan villa holiday has taken a new turn. Czech newspapers said on Tuesday they had traced ownership of the villa to a Lichtenstein company, Raben Anstalt, which is in turned linked via a banker to Czech-Slovak investment group J&T. J&T is seeking to develop its energy business fast in the Czech Republic. Ironically, the head of the Civic Democrats also spent his Italian break with lobbyists from state-controlled power giant ČEZ. Party leaders on Tuesday made public the rental contract for the villa signed by Topolánek’s close adviser, Marek Dalík. He said he knew of nothing about Raben Anstalt’s business links.

    Author: Chris Johnstone
  • 08/04/2009

    Czech unemployment climbed in the second quarter of the year to an average 7.9 percent according to figures released by the Ministry of Labour and Social Affairs on Tuesday. That is a jump from the 5.2 percent in the same period of 2008. Around 45,000 more people joined the jobless total in the second quarter compared with the first three months of the year, but the pace of rising unemployment is slowing compared with the previous quarter.

    Author: Chris Johnstone
  • 08/04/2009

    The company managing the Czech Republic’s only operational uranium mine has suggested that its deep facilities could be turned into a giant storage facility for natural gas. State mining company Geam has suggested that storage facilities up to one kilometre below ground could be provided at the Dolní Rožinka mine. One condition is that a private company comes up with the required investment, estimated at between 8.0 and 12.0 billion crowns. Geam mining manager Břetislav Sedláček refused to give details of ongoing talks about the project. Dolní Rožinka is the last uranium mine in Central Europe.

    Author: Chris Johnstone
  • 08/04/2009

    Czech tour operator Cool Travel declared it had gone bust on Tuesday. The small travel company is fourth in a series of recent travel company collapses in the Czech Republic. The head of the Czech Association of Travel Operators and Agencies, Tomio Okamura, said the customers already abroad had been taken care of and upcoming travellers were insured. The biggest recent tour operator crash was that of Tomi Tour. It left around 15,000 clients who had paid for holidays but not taken them in its wake.

    Author: Chris Johnstone

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