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10/22/2008
The Vienna Stock Exchange is set to gain a majority stake in the Prague Stock Exchange. Prague bourse shareholders and representatives of the Vienna Stock Exchange agreed on the conditions of the purchase on Wednesday. The transaction still needs to be approved by the respective regulatory bodies. The price and the size of the transaction has not been disclosed. The Vienna Stock Exchange is already a majority shareholder of two stock exchanges in Central and Eastern Europe, in Budapest and Ljubljana.
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10/22/2008
The Czech Constitutional Court is likely to decide on whether the Lisbon treaty is in line with Czech legislation on November 10. The Czech parliament has interrupted the process of ratification pending the court’s verdict. The court is set to deal with seven articles of the treaty that were challenged by the Senate. The prime minister recently said he hoped that the Czech Parliament would ratify the treaty by the end of the year, before the Czech Republic takes up the rotating EU presidency.
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10/22/2008
US President George W. Bush and Czech Prime Minister Mirek Topolánek are scheduled to meet in Washington on October 29 to discuss the world financial crisis, anti-missile defence system and Europe’s energy security, the White House announced on Tuesday. The spokeswoman for the White House Dana Perino said both nations were interested in “promoting freedom in repressive societies, supporting security and development in Iraq and Afghanistan, advancing European energy security and countering new ballistic missile threats to Europe and the US from the Middle East.”
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10/22/2008
The global financial crisis is the result of excessive state interventions and irresponsible state spending, Czech President Václav Klaus says in Wednesday’s edition of the daily Mladá fronta Dnes. Mr Klaus says that the current situation is not surprising, considering the long years of extraordinarily successful economic growth. He added that it is misleading to believe that the situation could be prevented by some kind of global management of the world economy.
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10/22/2008
The number of Czechs who were detained abroad over drug-related crimes has increased in the past year, the Foreign Ministry reports. The ministry registered 45 cases this year, compared to 36 cases last year and 25 in 2006. Most of the cases were registered in Britain, Germany and Poland.
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10/22/2008
Around 1,500 people, including famous names, have attended the service in memory of Václav Kočka jr, the businessman who was shot dead last week shortly after a book signing by Social Democrat chairman Jiří Paroubek. The father of Mr Kočka, Václav Kočka sr., is a rich entrepreneur and a former advisor to opposition leader Jiří Paroubek. The family has in the past been accused of having links to organised crime.
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10/21/2008
Prime Minister Mirek Topolánek said on Tuesday he was confident his centre-right government would survive Wednesday’s no-confidence vote in the lower house. Speaking to journalists after a meeting of his party’s leadership, the Civic Democrats chairman said he was certain that rebels in the governing coalition would not assist the opposition in bringing down the government. The Civic Democrat leadership has been debating the party’s strategy in the wake of its humiliating defeat in regional elections last weekend, and Prime Minister Topolánek has urged all non-leftist voters to come to the polls in the second round of Senate elections and back the candidates of one of the governing parties.
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10/21/2008
Meanwhile, Social Democrat leader Jiří Paroubek has been rallying supporters to bring down the government. Shortly after his party’s landslide victory in regional elections, information surfaced that the Social Democrats had offered the Christian Democrats of the coalition government the posts of governor in the Pardubice and South Moravian region, if they bring down the government in Wednesday’s vote. Christian Democrat leader Jiří Čunek publicly refused the offer, saying his party would stand by the government as one man.
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10/21/2008
The Constitutional Court has refused to amend the law on assembly in order to help towns prevent neo-Nazi gatherings, the CTK news agency reported on Tuesday. Plzen City Hall, which has repeatedly had problems preventing neo-Nazi gatherings and protest marches, made a proposal for several provisions in the law on assembly to be revised, so as to make it easier to ban such events on legal grounds. The Court ruled against curbing the right to assembly in any way and also refused to abrogate a verdict according to which Plzen City Hall had banned a neo-Nazi gathering unlawfully earlier this year.
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10/21/2008
Private practitioners fear they could lose patients if the Social Democrats push through their plan to “abolish” health care fees for all patients in regional hospitals. The introduction of direct payments at medical facilities earlier this year has come under severe criticism from the left-wing parties and the Social Democrats’ promise to “abolish” them at regional hospitals and cover the expenditures from regional coffers is believed to be one of the reasons behind their resounding success in the elections. Health Minister Tomáš Julínek said that even if the fees were unpopular he believed he had been right to introduce them. Private practitioners have threatened to take the matter to the anti-trust office.
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