Czech Republic

Construction of 2 new nuclear power plant blocks in sight

17 July 2014

Minister of Finance Andrej Babiš along with Minister of Industry and Commerce announced that the state is planning construction of two new nuclerar power plant blocks. Whether both blocks will be in Temelín or one in Temelín and one in Dukovany is still to be finally decided. Most probably the new tenders will be announced next year. These new tenders wouldn’t originate from ČEZ they would be made in the PPP form instead. According to this model supplier would ensure the construction of the facility and its further opearation for a set amount of time. Potential players in game are Russian MIR Consortium, American Westinghouse Consortium but also Kepco as a newcomer. New bloc in Dukovany would ensure its operation until the year 2035 when thee construction should be finished.

For more click here, here and here.

Banks improved their estimate of Czech economic growth

16 July 2014

Czech Banking Association in its prognosis improved its estimate of Czech economic growth. Czech economy should growth should increase by 2.4 % instead of 1.9% growth estimated in April. Next year the GDP should increase by 2.7 %. Export which benefits from the favourable situation on the main markets should remain to be the driving force of the economy. The structure of the economic growth should be balanced and compared to the previous estimate it should reflect more growing business investment activities and increased consumption. Rate of unemployment should be 7.6 % this year and 7.1 % next year. These estimates are based on prognosis of analysts of ČSOB, Česká spořitelna, Raiffeisenbank, UniCredit Bamk, Komerční banka, GE Money Bank and Citibank and are published regularly every quarter.

For more click here and here.

Government package of legislative provisions

15 July 2014

This week during extraordinary session of Chamber of Deputies the Government presented its package of legislative provisions as it was promised in the Government Programme Statement. This package includes various new acts, norms and regulations including Civil Service Act (already in 2nd reading), cancellation of regulatory fees in healthcare (1st reading), tax benefits for families with children and working pensioners (1st reading) or reintroduction of so called green diesel.  According to the Prime Minister’s speech in the Parliament these reforms are going to support Czech economy, support its economic growth thus creating new workplaces. Most of the proposed changes are expected to come into force on 1st January 2015 should they be approved.

For more click here and here.

Prague beats Berlin in the most visited cities ranking

14 July 2014

According to the study Global Destinations Cities Index 2014 made by MasterCard Prague is the 22nd most visited city of the world for the year 2014 and 9th most visited in Europe leading behind such cities as Berlin, Madrid or Warsaw. More than 4.9 million of foreign visitors should come to Prague which is 1.1 million visitors more than in 2009 and 400 thousand more than previous year. The tourists are expected to spend altogether 3.8 million dollars for one day stay. The winner and most visited city is for the third time in 4 years London with 18.7 million foreign visitors only to be overtaken by Bangkok last year. Second to fifth place hold Bangkok, Paris, Singapur and Dubai. In Europe the top 5 is London, Paris, Istanbul, Barcelona and Amsterdam. Study also adds that half of the world’s top 10 cities is located in the Far East.

For more click here.

Economic growth rate in the CEE is about to double

11 July 2014

According to the WB prediction growth in the region of Central and Eastern Europe is about to nearly double its rate. According to the WB the region will grow by 2.6 % in comparison to last year growth by 1.4. The Czech economic would not be an exception along with Estonia with its growth by 2 %. The growth of the region is stimulated by slow recovery of former 15 members but also by gradually increasing domestic demand. Also the amount of foreign investments along with the confidence of companies of households. Among the fastest growing counties belongs above mentioned Estonia along with other Baltic countries. Only exception is Croatia that is undergoing recession for sixth consecutive year.

For more click here and here.

Bell helicopter manufacturer opened its European HQ in Prague

11 July 2014

One of the world’s biggest helicopter manufacturers Bell opened its Headquarters for the European region in Prague. According to the  CEO John Garrison the company’s share on the second largest world market with helicopters was unacceptable and needed improvement. That’s why the Prague HQ would coordinate all orders from Europe and the helicopters would be also completed and customized in its service center. This could multiply number of workplaces that the company creates in the Czech Republic. Bell is also part of Textron Group that already has its manufacturing plant in Kněževec.

For more click here.

Korean company CEPCO is interested in building Temelín’s next reactor

08 July 2014

Although the Spokeswoman of ČEZ Barbora Půlpánová in her June reaction denied statement of ČEZ Supervisory Board vice-president Václav Pačes that work on future contract on building additional reactor blocks for Temelín was in progress and tender could be put out next year another competitor already expressed his will to take part. It is the Korean energy company KEPCO which has apart from building power plants in Korea already built nuclear power plant in UAE. KEPCO is thus about to join its rival Japan-American consortium Westinghouse and Toshiba and consortium of AtomStroyExport and Škoda in competition for the contract of CZK 201.8 bn. Czech government welcomes this move in terms of beneficial competition as it has also signed Mutual Comprehension Act on Cooperation in Nuclear Sector.

For more click here and here.

Novelization of Energy Act

08 July 2014

New Energy Act that is currently discussed in ministerial comment procedure proposes change in the system of payment for consumed electricity for households and companies. Former system was that the customers paid for consumed kWh. Now it would be that they would pay fixed amount for the supply point. This change is strongly opposed by the chief of Energy Regulation Authority Alena Vitásková. She claims that the novelization will damage the consumers as the households would take more cost than big companies with one entry point in the form of its own transformer station. Vitásková further claims that this means effective destruction of price regulation of energy in the Czech Republic. Energy Regulation Authority also complains that key parts of the act were written without consulting them. Ministry of Industry and Trade denies that these claims are based on truth and says that the authority has been properly constructed and agreement has been made even before releasing the statement.

For more click here, here, here and here.

Prague to be among 30 wonders of the world?

03 July 2014

In historically third survey held by New7Wonders founded by Bernard Weber, Swiss-Canadian film maker and traveller, Prague competes with another 28 cities from originally 1200 cities to become one of 7 wonders of the world among cities. Prague is among 28 cities along with London, Athens, Barcelona, Saint Petersburg, Kuala Lumpur or Istanbul. Even getting there is a major success for Prague as it left many comparable world capitals and other cities behind. According to Radek Kolařík, urbanist from Faculty of Architecture of ČVUT in Prague, the city benefits from its unique combination of historical monuments and its location among the hills and its setting by the river. Whether Prague makes it to the next round to 21 finalist cities remains to be seen.

For more click here and here.

Meeting on Central Registry of Contracts

03 July 2014

On Thursday Czech Prime Minister Bohuslav Sobotka and Minister for Human Rights, Equal Opportunities and Legislation Jiří Dienstbier met with representatives of project Rekonstrukce státu David Ondráčka, Jiří Boudal and Martin Fadrný. Together they discussed the introduction of Central Registry of Contracts. Participants of the meeting agreed that all contract parties, not only the public ones, should have the possibility to publish contents of their contract to ensure equal position of all concerned parties. After the meeting Minister Jiří Dienstbier added that introduction of Central Registry of Contracts is part of coalition agreement and proclamation of government and insists that it should be applied state-wide and centrally with publishing of the contracts as obligatory requirement for the contracts to come into force. He further informed that with the collaboration of Government the coalition group was formed that will introduce complex change proposal to the act that is currently in the Chamber of Deputies and is to be discussed during the September meeting.

For more click here.

Page 1 of 38

 Start  Prev  1  2  3  4  5  6  7  8  9  10  Next  End