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PM critical of Albanian decision to revoke ČEZ license

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Prime Minister Petr Nečas Tuesday said Albania’s decision to revoke the business license of ČEZ casts a poor light on the country’s treatment of foreign investors and could dash its hopes of Czech support for an eventual bid to join the European Union. On Monday, Albanian authorities revoked ČEZ’s electricity distribution license. Last month, Albania said the Czech company owes the country up to USD 1 billion in damages for failing to import sufficient electricity and not investing in the country’s electricity network.

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