Building a new reactor at the Dukovany nuclear power station is a “logical step” in the Czech Republic’s energy strategy, Christian Democratic Party Chairman Pavel Belobradek said.
New World Resources Plc, the largest Czech producer of coal for steelmakers, agreed to keep its unprofitable Paskov mine open until end-2017 after the government pledged to provide financial aid for the miners. The government will provide CZK 600 million to cover the social costs after the mine shuts down, Industry and Trade Minister Jan Mládek said yesterday at a press conference in Prague.
ČEZ AS’s tender for the supplier of two new reactors at Temelín nuclear power plant won’t make sense unless the Czech government provides a guarantee to make it economically feasible, its chief executive officer said.
The Czech central bank is debating whether to loosen conditions by selling the koruna in the second half of the year, Governor Miroslav Singer said.
TOP 09, a ruling-coalition party, demanded the country join the European Union’s fiscal compact this year, setting up a clash with PM Petr Nečas, who opposes the move. The three ruling parties are negotiating a new coalition pact after the administration lost its parliamentary majority last year when the smallest party splintered. The U.K. and the Czech Republic were the only EU members not to sign the fiscal treaty in March, which stiffened budget rules meant to stabilize the euro.
Lawmakers approved the 2013 draft budget in a first reading, endorsing the government’s plan to cut the fiscal deficit as the economy faces the risk of the longest recession on record.
ČEZ AS (CEZ), the Czech Republic’s largest power producer, said it’s considering leaving Albania as it hasn’t been able to resolve its dispute with the government regarding tariffs and extraordinary taxes.
Today, Prague is home to two restaurants with Michelin stars — both headed by Czech chefs — and six venues with a Bib Gourmand.
Parliament postponed a vote on tax increases that is tied to a confidence motion in the government, as Premier Petr Nečas’s struggle to win backing for his austerity policies shifts to a weekend party congress. Nečas is battling to win support for the package of measures he says are needed to cut the budget deficit next year as a group of deputies from his Civic Democratic Party, or ODS, opposes his tax plan.
Business owners and executives say the country’s widest ban in 20 years is costing the hospitality and retail industry as well as the airport operator millions of euros in lost revenue every day.