Monday, 5 December 2016

Reuters

European Commission approves Czech state aid for renewable energy

Reuters |
29 November 2016

The European Commission said on Monday it approved Czech state aid granted in 2006-2012 to renewable energy installations. "The Commission concluded that, in line with EU objectives, the measure helps the Czech Republic to achieve its 2020 renewable energy targets," it said in a statement.

Czech scientists develop human lung model to aid treatments

Reuters |
25 November 2016

Czech scientists have developed a model of a functioning human lung that can be used to simulate problems like asthma or other chronic diseases and their treatments.

No better US ambassador for Prague than Trump's ex-wife, says Czech president

Reuters |
18 November 2016

Czech President Milos Zeman has thrown his support behind a bid by Ivana Trump, the ex-wife of US President-elect Donald Trump, to become the next ambassador to the country of her birth. "They could not send a better US ambassador to Prague," Zeman told her in a telephone call on Wednesday, the president's office said in a statement.

Central bank keeps outlook for end of FX cap in mid-2017

Reuters |
4 November 2016

The Czech central bank reiterated on Thursday it expected to scrap its cap on the crown exchange rate around mid-2017 when inflation is expected to pick up enough to meet the bank's 2 percent target.

Czech investment firm PPF's first-half profit up by a quarter

Reuters |
3 November 2016

Czech investment group PPF, owned by the country's richest man Petr Kellner, said net profit rose by 25 percent in the first half of the year due to growing consumer lending in Asia through its Home Credit business, it said on Wednesday.

Russia asks Czech Republic to extradite Voina artist

Reuters |
3 November 2016

Russia has asked the Czech Republic to extradite exiled Russian underground artist Oleg Vorotnikov who has been in the country since being detained by police in September, the Czech Justice Ministry said on Wednesday. Vorotnikov, the founder of the art collective Voina who fled Russia five years ago, was detained in Prague after a routine identity check and released the next day but ordered to stay in the country to await a possible extradition request from Moscow.

Gov't official: Six groups show interest in building Czech reactors

Reuters |
2 November 2016

Six companies have shown interest in building additional nuclear reactors at existing power plants in the Czech Republic, a government official was quoted as saying on Tuesday. The Czech Republic has kept open plans to build new nuclear power capacity even after state-controlled utility CEZ cancelled a tender to enlarge its Temelin power station in 2014.

Finance minister's party jumps in polls after regional election victory

Reuters |
1 November 2016

Billionaire Czech Finance Minister Andrej Babiš's ANO party has jumped in voter ratings following its victory in regional elections this month, widening its lead over the ruling Social Democrats a year before national polls. Stem agency's October opinion poll, released on Monday, indicated the ANO would win 29.7% of the vote, up by more than five percentage points from a month ago and well ahead of PM Bohuslav Sobotka's Social Democrats, which slipped to 14.4% from 20.7.

Czech human-trafficking gang members sentenced to jail in Britain

Reuters |
1 November 2016

Five members of a gang that trafficked people from eastern Europe to Britain and forced them to live in inhumane conditions while working to pay off fictional debts were sentenced by a British court on Monday.

EU to investigate Czech telecoms operators' network-sharing deal

Reuters |
6 October 2016

The European Commission said on Tuesday it is to investigate whether a mobile telecoms network-sharing deal between O2 CZ/CETIN and T-Mobile CZ restricts competition in the Czech Republic.

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