Czech Republic

Škoda JS to build two nuclear blocks in Ukraine

24 October 2014

In his statement for the TASS press agency Ukrainian Prime Minister Arseniy Yatsenyuk said that he has ordered Ukrainian company Energoatom to speed up the construction of third and fourth reactor bloc of Chmelnyce nuclear power plant. As the type of the reactors should be VVER-1000 the supplier that is going to be preferred is Škoda JS as is at the moment more plausible solution than making deal with Russian company. Ukrainian side expressed its clear preference of Czech supplier to Russian one in this case despite the fact that Ukrainian and Russian side signed an accord on cooperation in this matter already in 2010. At that time the Sberbank offered 3-year loan for the construction of reactor with the condition of Ukrainian co-financing level of at least 15 %. Ukrainian side later rejected this offer and now plans to reject the accord with Russia and award the contract to Czech company.

For more click here and here.

Budget passed 1st reading

24 October 2014

On Wednesday 22nd October the Chamber of Deputies of Parliament of the Czech Republic passed the Act on State Budget for the year 2015 through the 1st reading. The deficit should be 12 bn lower in relation to the present budget and it is to be 100 bn CZK. Also the basic figures of income that is to be 1.119 trillion CZK (0.02 trillion CZK higher than in 2014) and expenditures  1.219 trillion CZK (0.008 trillion CZK higher than in 2014) were approved. Against the proposal were ODS, TOP 09 and Hnutí Úsvit (Dawn Movement). Communist party (KSČM) abstained in this vote. One of the most vocal opponents of presented budget is vice-president of TOP 09 Miroslav Kalousek who claims that this is the worst budget in past five years that we are “eating up” the future and that the investments proposed in this budget are actually lower than before. Czech government and Ministry of Finance also has to cope with the worsened outlook of Czech economic performance where GDP is to grow only by 2.4 % this year and not by 2.7 % as it expected in July. This seems caused mainly by the lower demand in the countries of Euro-zone and problems with contract in Russia and in Ukraine. However, Czech National Bank next outlook is still to come on Thursday 6th November with its present estimate of growth by 2.9 % this year and 3 % for next year.

For more click here, here and here.

ČEZ is allowed to build two new nuclear reactors in Temelín

22 October 2014

On Wednesday 22nd October the State Office for Nuclear Safety on request of ČEZ issued permission to build two new reactors in the area of Temelín nuclear power plant. Its president Dana Drábová said to it that the office hadn’t found any serious reasons that would prevent issuing the permission. ČEZ filed this request alredy in the period when the tender was still running but even now the decision of the Office would be useful as it is applicable to any other tender that may arise. In the matter of construction itself and tender announcement ČEZ is still waiting for the final decision of the Government of Bohuslav Sobotka on the strategy of development of nuclear energy that is to be published at the end of this year.

For more click here and here.

Czech toll rates and future toll system changes

21 October 2014

The toll rates for the trucks will stay unchanged for the moment as the Czech Government on its meeting on Monday 20th October refused Minister of Transportation’s proposal for raising the toll rates and cancelling higher Friday toll rates in exchange. Minister of Transportation David Prachař is due to introduce another variant of the toll regulation during next week. During the week Minister David Prachař additionally introduced the concept of toll system that would consist of two parts. This is connected with the upcoming standardization of toll systems throughout European Union in order for them to be compatible. The vehicle units would no longer belong to state as it is now but to the transportation companies. Service of the units would be in the hand of private companies. This measure should help to introduce bigger competition into this branch. In the case of Czech Republic preparing the separation of toll system is also discussed with the current toll operator company Kapsch. These new standards and regulation could help the state to negotiate better conditions for potential future contract with Kapsch.

For more click here, here and here.

Government Raised State Employees’ Salaries

19 October 2014

On its meeting on Wednesday 15th October government decided that it would raise state employees’ salaries by 3.5 %. That is on average raise by 650 CZK. Among affected personnel belong firemen, policemen, soldiers, teachers, workers in the field of culture, employees of Employment Office and Financial Office. This raise in salaries is the biggest since 2009 and is related to governmental efforts to improve the quality of offered public services and to boost the consumption of households. The total amount of money allocated to this raise of salaries is approximately 1bn CZK originating from the savings on the expenditure side of the budget. This measure is entirely supported by the tripartite and by the union officials. Additionally from the 1st January 2015 policemen and firemen will get another 1.5 % and healthcare and social workers additional 5 % raise in their salaries. As a result the average state employee salary should be higher by 1244 CZK reaching 25 878 CZK in total.

For more click here and here.

Financial Administration is to be Able to Ask for the Origin of Property above 10 Million CZK

17 October 2014

According to the proposal of Minister of Finance Andrej Babiš the financial administration should be able to examine and ask for the origin of property that is more than 10 million CZK and tax it should it prove necessary. This measure should help the taxation of incomes and of property. If the untaxed income would be more than 2 million CZK the Administration would use special measures and also additional penalty of 100 % will apply that could be reduced to 50 % if the subject was cooperative. Under 2 million CZ the 20 % penalty would apply. The measure will not extend current period for additional taxation which is currently 3 years. It should also help in revealing the incomes from criminal behavior. Similar measures are already applied for example in Bulgaria, Denmark, Hungary, Germany, Spain or Slovakia. These measures are to be adopted and enforced from the beginning of 2016.

For more click here and here.

Czech Export Goods

16 October 2014

The Czech Republic exports not only goods that are well known to us but also some that we would not think of in the first place. Let’s speak of some of both known and unknown commodities. The Czech Republic is for example one of the greatest exporters of gramophone records in the world with annual production of 13-14 million pieces with over 98 % produced for export. Other Czech company Schneider Electric manufactures and exports red safety buttons to more than hundred countries of the world in the amount of 3 million pieces yearly. Czech Republic could also be called the “superpower” in producing flytraps with more than 65 million flytraps exported. Unsurprisingly the Czech Republic is also the third biggest exporter of hop of the world only to be beaten by Germany and USA. It’s also world’s greatest producers of mildly aromatic hops that is currently on the rise throughout the world. Closely to this is the export of beer that becomes increasingly important for Czech breweries. Apart from this the Czech Republic excels in exports of glass, china, light firearms, snap fasteners, cars, ICT and also electricity. In the terms of export of electricity the Czech Republic exports more than 20 TWh a year which is about one third of its production. The Czech Republic is thus the fifth biggest exporter of electricity and exports more electricity than China or USA.

For more click here.

Westinghouse Offered Co-financing of Czech Nuclear Plants Construction

13 October 2014

CEO of Westinghouse for the Czech Republic Pavel Janík said that the Japan-American company Westinghouse is ready to co-finance the construction of new blocs in Czech nuclear power plants. This approach is already followed by the Westinghouse in Bulgaria where it will provide all equipment project and engineering works and nuclear fuel. In exchange it will own 30 % of the newly created company for the construction of the power plant. Another similar projects is in the United Kingdom where Toshiba majority owner of Westinghouse will get 60 % in NuGeneration Ltd. That is constructing three new Westinghouse nuclear power plants in the country. Ministries of Finance and of Industry and Commerce have been already informed about this proposal. However, all is now dependent on the outcomes of government ruling that is to create Complex plan for the development of nuclear energetics that is to be presented at the end of this year.

For more click here.

Road and Motorway Directorate of the Czech Republic Could Transform Itself to State Company

12 October 2014

According to the Prime Minister Bohuslav Sobotka the Road and Motorway Directorate of the Czech Republic could transform from contributory organization to state company. This would according to Bohuslav Sobotka help the state to control the quality of construction of motorways. This change would also be beneficiary in respect to employees’ conditions as their salary could raise and it could help in attracting much needed professional designers that would be able to control the projects in a more effective way. Prime Minister Sobotka also clearly stated that he wanted Minister of Transportation Antonín Prachař to solve the issue of missing director of the Directorate. Prime Minister also wants the Minister of Transportation to speed up the construction of transportation infrastructure and to stabilize the personell situation of ČD management by the end of this year. In the reaction to latest events Bohuslav Sobotka also said that the government coalition would refuse the draft of program of the upcoming extraordinary meeting of the Chamber of Deputies concerning public procurement in transportation.

For more click here.

President Miloš Zeman Signed the Novel of Copyright Act

09 October 2014

On Wednesday 8th October President Miloš Zeman signed the novel of Copyright Act. The novel of this act presents the prolongation of the protection period for the copyright form 50 years to 70 years thus enabling authors to benefit from their works created in their youth in the beginnings of their artistic work. It also regulates the copyright period for the text-based works intended for common use such as pop songs, operas or musicals. The copyright in these cases would not end earlier than 70 years from the death of the author that died later. By this act also the protection of such works that are already unprotected will be reinstated. This means for example songs of Voskovec and Werich where the protection will expire in 2050. Regardning hotel owner corresponding provisions are also included that enable the owners to apply for discount on fees according to the utilization of beds. The act also regulates so called orphan works where the beneficiary would be public benefit institution that could digitalize them and make them accessible via internet.

For more click here.

Page 1 of 43

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