News ČEZ bosses face charges over settlement with minority shareholders

21-03-2014 10:15 | Chris Johnstone

The Ministry of Finance’s special financial analytical team has prepared criminal charges against the two top figures in state controlled electricity producer ČEZ. Cases have been prepared against general manager Daniel Beneš and his deputy, Martin Novák, the ministry confirmed. The cases relate to the buyout of minority shareholders in the North Moravian regional electricity distribution company. The suspicion is that around 350 million crowns of ČEZ funds was misused in the out of court settlement with the small shareholders, some of whom were represented by the company Associated Energy. ČEZ says the settlement was approved by the board and the deal probably saved it around 700 million crowns.

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Czech woman sues Norway’s social services for having taken her sons

18-12-2014 08:49 | Jan Richter

A Czech woman has filed a lawsuit with a court in Norway appealing a decision of the country’s social services to take away her two sons and place them in foster care, the paper Mladá fronta Dnes reported on Thursday. The lawsuit is a prerequisite for Czech diplomats to put pressure on Norwegian authorities in the case, the daily said. Norway’s social services took the sons away from their Czech parents in 2011 over alleged sexual abuse. The police later dropped the case but the authorities placed the children in foster care. The case has recently come into the spotlight in the Czech Republic where a number of officials including President Miloš Zeman vowed to help get the children back to their mother. 

Man who set himself on fire in central Prague dies of his wounds

18-12-2014 08:40 updated | Ian Willoughby

A man who set himself on fire in central Prague on Tuesday night has died of his injuries, a spokesman for the Vinohrady hospital in the capital said. The man, who was 56, doused himself in a flammable liquid and set himself alight at the top of Wenceslas Square shortly before midnight. Passers-by attempted to put out the flames with jackets before a fire extinguisher was found. He was taken to hospital with severe burns where he died on Wednesday night. A spokesperson for the police said the man had been on day-release from a Prague 8 mental hospital but had not returned in the evening. 

Prague court delivers stricter verdict in Opencard case

17-12-2014 16:45 | Jan Richter

A court of appeals in Prague on Wednesday sentenced the former head of Prague City Hall’s IT department, Ivan Seyček, to 3.5 years in prison over his role in the controversial Opencard project. Mr Seyček, had been found guilty of manipulating the selections procedure for a smart card in favour of the firm Haguess, despite the fact the company failed the meet the city hall’s requirements. In February, a lower court handed Mr Seyček a conditional sentence. The court of appeals confirmed a conditional sentence for another former city hall official. Some 1.2 million people in Prague use Opencard as a public transport pass; the massively overpriced project has cost the city around 1.35 billion crowns. 

Czech public debt to decrease this year, finance minister says

17-12-2014 15:53 | Jan Richter

The Czech Republic’s public debt should this year reach 1.663 trillion crowns, some 20 billion less than in the previous year, Finance Minister Andre Babiš said. If Mr Babiš’s estimate proves correct, the public debt would decrease for the first time since 1995. Mr Babiš spoke to reporters after meeting President Miloš Zeman on Wednesday. Mr Zeman had established a personal fund to decrease the public debt; the two officials destroyed a four-million state bond as the fund’s latest contribution towards the debt. 

Press: EU warns Czech government over civil service act

17-12-2014 15:31 | Jan Richter

The European Commissioner for Employment, Social Affairs, Skills and Labour Mobility, Marianne Thyssen has warned the Czech government that if it fails to address shortcoming related to the country’s recently approved civil service act, EU funding for Czech operational programme in the period 2014 – 2020 will be put on hold, the news website reported on Wednesday. In a letter to the Czech ministers of interior, regional development and labour and social affairs, the commissioner said that the areas of public officials’ salaries and the transparency of their selection procedures still needed to be adjusted. The civil service act was approved in October; however, President Miloš Zeman filed a complaint over the legislation with the Constitutional Court. 

Central bank keeps rates unchanged, continues exchange rate interventions

17-12-2014 14:22 | Jan Richter

The Czech National Bank on Wednesday announced it would keep its interest rates unchanged at 0.05 percent, and would continue intervening against the Czech crown to keep the exchange rate at around 27 crowns per euro. Last month, the bank said it would continue intervening at foreign exchange markets until 2016, primarily to curb the risk of deflation. The bank’s key two-week repo rate has been kept at the historic low since November 2012. An analyst for the Home Credit loans provider quoted by the news agency ČTK said he was not surprised by the move, and suggested that foreign exchange interventions could possibly end in a year’s time. 

Czech Republic to provide communist-era secret police documents to Slovakia

17-12-2014 13:56 | Jan Richter

The Czech Republic will provide communist-era secret police documents related to Slovak citizens to Slovakia, according to an agreement between the Czech Republic’s Institute for the Study of Totalitarian Regimes and the Security Forces Archive and Slovakia’s Nation’s Memory Institute, signed in the Slovak capital on Wednesday. The digitalized documents will initially only be available for researchers of the Slovak institute, its chair, Ondrej Krajňák, told reporters. The volume of documents to be transferred has not been determined, according to Czech officials who said it would depend on requests from their Slovak colleagues. 

Finance minister’s company wins major deal from state-owned forestry firm

17-12-2014 13:36 | Jan Richter

The firm Uniles, part of the Agrofert Group owned exclusively by Finance Minister and ANO party leader Andrej Babiš, has won eight logging and sales contracts from the state-owned forestry firm Lesy ČR. That is more than any other company bidding for a total of 30 five-year contracts from the state-owned firm. Under the contracts, Uniles is entitled to annually log some 300,000 cubic metres of wood in state-owned forests. Mr Babiš has come under criticism over the contracts for his firm; the opposition Civic Democrats said this was a case of a massive conflict of interest. 

Carmaker TPCA to cut hundreds of jobs in March

17-12-2014 12:29 | Jan Richter

The Czech-based car manufacturer is planning to let go some 500 agency workers in March, a spokesman for the company said, giving decreasing demand for its new models at the reason. The carmaker, which produces Toyota, Peugeot, and Citroen models, now employs around 3,700 workers, some 800 of whom have been hired through agencies. However, the firm expects to produce some 220,000 cars next year, some 10 percent less than previously thought. 

No explosions heard for five days at Vrbětice munitions depot

17-12-2014 12:16 | Jan Richter

No blasts have been heard for the last five days at the munitions depot in Vrbětice, a police spokeswoman said on Wednesday. The latest spontaneous explosion occurred last Friday night. Pyrotechnics experts will only start clearing the site and removing remaining ammunitions after nine days of calm, the police said. The depot, where around 7,000 tonnes of munitions were stored, first exploded in mid-October, killing two people. Continuing blasts have prevented experts from clearing the depot and removing the ammunition to a safe location. The inhabitants of nearby villages have been repeatedly evacuated because of the explosions. 



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