• 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
  • 10/09/2008

    Police have filed charges against one of the owners of a Prague exchange office suspected of laundering over CZK 5.3 billion (nearly USD 300 million). A raid was carried out on the offices of Aktiv Exchange on the city’s Národní St on Monday night. The cash allegedly laundered at the bureau de change mainly ended up in bank accounts in China and Vietnam, a police spokesperson said.

    Author: Ian Willoughby
  • 10/09/2008

    The operators of the Prague underground rail system are considering bringing back litter bins, the newspaper Lidové noviny reported. The bins were removed from Metro stations seven years ago as a security measure in the wake of the September 11 terrorist attacks on the United States. A representative of Prague’s transport authority said the bins could return in a few weeks’ time. Prague Town Hall, meanwhile, is in favour of bringing back the bins, but only in the vestibules of stations – not on platforms.

    Author: Ian Willoughby
  • 10/09/2008

    Google launched a new Czech version of the video-posting website youtube on Thursday. Youtube.cz is the 10th localised version launched in Europe. A Google representative said it would make it easier for people in this country to show the world their talent and their famous Czech humour.

    Author: Ian Willoughby
  • 10/09/2008

    The Czech musician Markéta Irglová and her Irish partner Glen Hansard are set to appear in an episode of The Simpsons, the website iDnes.cz reported. The couple, who this year won an Oscar for the song Falling Slowly from the movie Once, have already recorded their parts for an episode of the popular animated series in which they appear in a pub in Dublin. Irglová and Hansard are beginning a month-long tour of Europe under the name Swell Season next month.

    Author: Ian Willoughby
  • 10/08/2008

    The Czech Finance Ministry has announced a plan to raise guarantees for bank deposits to 50,000 euros, in line with a decision by EU finance ministers. European Union finance ministers agreed at a meeting on Tuesday to raise minimum bank deposit guarantees in Europe to 50,000 euros from 20,000 euros currently. Finance Minister Miroslav Kalousek said the measures he would propose to the cabinet on Wednesday would be permanent, unlike the EU deal which is valid for a year. The move is expected to cover the vast majority of small savers but according to Wednesday’s edition of Lidové noviny many Czechs with higher bank deposits are considering transferring their accounts abroad, particularly to banks in neighbouring Austria which guarantees the full amount of deposits. The finance minister rejected calls from the opposition for blanket guarantees on all private deposits, saying the circumstances did not merit such action.

    Author: Rosie Johnston

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