18th April 2012

Termination of activities schedule of the Land Fund approval

On April 18, the Government approved a termination of activities schedule of the Land Fund of the Czech Republic. According to the plan, the Fund has to resolve state part-owner shares. The Fund had already started negotiation with other owners in order to sell them the state shares. The current part-owners have priority to buy the state shares. Till the termination of activities of the Fund at the end of year 2012, the Fund is to sell over 9 thousands of hectares.

Members of the American Chamber of Commerce in the Czech Republic