Palladium to reopen later in March

Those leasing outlets in Prague’s Palladium shopping mall, which was temporarily closed after a fire hit the mall’s electro-distribution centre in February, will not have to pay rent for the period of the mall’s closure. The owner met with leaseholders on Friday to discuss the situation. Palladium – one of the more prominent shopping centres in the Czech capital – is only expected to reopen on March 20th. Damages are still being tabulated but losses in sales so far have been estimated by financial daily Hospodářské noviny at 200 million crowns (the equivalent of more than 12 million US dollars).