• 10/10/2008

    Car manufacturing concern TCPA (Toyota, Peugeot, Citroen Automobile) has announced plans to increase annual production at its Kolín plant next year to 340,000 vehicles – 20,000 more than expected to be produced there in 2008. Increasing production will require an investment of around 150 million crowns and should result in 100 new jobs, representative shave said. TCPA made the announcement on Friday, saying demand for cars in production had increased in Western Europe. 99.5 percent of the vehicles at the plant are made for export, with key markets including Italy, France, and Great Britain.

    Author: Jan Velinger
  • 10/10/2008

    The Cheb region, in the western part of the country, has been hit by a series of light earthquakes, the strongest measuring 3.9 on the Richter scale. The first quake hit on Wednesday night, the strongest came in early hours of Friday morning, waking people from their sleep at 5:30 am. Monitoring devices registered minor seismic activity across the country, though the public only felt the quake in Cheb where it was the strongest registered since 1985. No damages were reported.

    Author: Jan Velinger
  • 10/10/2008

    A new poll by the Median agency has suggested the voter preference gap between the ruling Civic Democrats and the opposition Social Democratic Party has narrowed. According to the poll, if a national election were held today the right-of-centre Civic Democrats would get 31.5 percent of the vote, while the Social Democrats would secure 34.8 percent of the ballot. The latter party has slipped by around 2 percent. The poll also looked at the position of the smallest party in Parliament, the Green Party, finding if an election were held today the Greens would not pass the obligatory 5 percent threshold needed to make it into the Chamber of Deputies. The Greens, the poll suggested, would come up just short, with 4.7 percent of the vote.

    Author: Jan Velinger
  • 10/09/2008

    The Czech prime minister, Mirek Topolánek, says the European Union has shown a complete inability to deal rationally with the current financial crisis. Speaking on a visit to Turkey, Mr Topolánek said nothing had done more to shake confidence in the EU than the events of the last few days. He was particularly critical of the fact some countries had introduced 100-percent bank deposit guarantees; he described that move as a shameless step that would increase liquidity in some states at the expense of others.

    While in Ankara, the Czech prime minister also said he would discuss Turkey’s efforts to join the EU with the German chancellor, Angela Merkel, when she visits Prague on October 20. The Czech Republic, unlike some other countries in the 27-member bloc, is in favour of Turkish membership.

    Author: Ian Willoughby
  • 10/09/2008

    The Czech National Bank has defied the expectations of analysts by leaving the benchmark interest rate at 3.5 percent. Economists believed the bank’s board was preparing to announce a half-point cut in interest rates on Thursday. A day earlier, central banks in a number of countries announced a coordinated interest rates cut in an effort to support economies threatened by the financial crisis. The Czech National Bank is still expected to cut rates at a policy meeting planned for early next month.

    Author: Ian Willoughby
  • 10/09/2008

    Shares on the Prague Stock Exchange rose by 0.14 percent on Thursday. That slight uptick follows a week of falls on the bourse, which on Wednesday closed at its lowest point since 2004. Brokers said their was a new sense of calm following coordinated international interest rate cuts and other measures implemented to deal with the recent turmoil.

    Author: Ian Willoughby
  • 10/09/2008

    Over half the population breathed air containing dangerous levels of carcinogens last year, according to a government study quoted by the news website aktualne.cz. Twenty-two of the Czech Republic’s 31 air measuring stations recorded levels of the chemical benzopyren at above set health limits, the report found. While limits were exceeded on under 5 percent of the country’s territory, 51 percent of the population live in those areas. Benzopyren is created by the burning of coal and oil and in the production of coke and iron. The cabinet is likely to discuss the report next week, aktualne.cz said.

    Author: Ian Willoughby
  • 10/09/2008

    The Czech Republic is number one in Europe in terms of the recycling of plastics, according to a Eurostat report. In 2006 44.3 percent of plastic containers in the Czech Republic were recycled, three percent more than the traditional leader in this area, Germany.

    Author: Ian Willoughby
  • 10/09/2008

    Small post offices will only be closed with the agreement of local authorities, the Czech interior minister, Ivan Langer, said on Thursday. He said he would not give approval to the closure of any branches of the postal service unless the local town hall had assented to the move. Czech Post had been planning to shut down nearly 180 small branches. There are nearly 3,400 post offices around the country, with the postal service employing 37,000 people.

    Author: Ian Willoughby
  • 10/09/2008

    Interior Minister Langer has presented the cabinet with a plan to increase spending on the teaching of Persian, Arabic and Chinese, according to press reports. Mr Langer said the Czech Republic’s security services needed officers skilled in such languages in order to function effectively. He and the education minister, Ondřej Liška, are due to hold talks on the plan during the next week, before the cabinet considers it again.

    Author: Ian Willoughby

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