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Politics & Policy|Companies
Kateřina Menzelová|15.05.2012

Lost decade: How the Czech state wastes transport infrastructure resources

Over the past 10 years, the Supreme Audit Office (NKÚ) carried out 11 audits focusing on the construction or upgrading of terrestrial communications, i.e. motorways and first class roads, rail corridors and the Elbe waterway, where, all in all, dozens of billions of crowns flow in annually. The auditors focused on prices and everything that influenced them. The result? It’s not just the costs that are flexible but also the end dates.

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Politics & Policy|Companies|Society
Martin Shabu|14.05.2012

Firms tied to North Bohemia ‘godfather’ in crosshairs after EU funds audit

The allocation of EU grants in Northern Bohemia was not carried out in line with requirements, according to an audit by the consultancy Deloitte ordered by the Czech FinMin and EU executive. Problems were found in 34 of the 35 projects examined — and calculations of the evaluation criteria were riddled with systemic mathematical errors. What’s more, sources say the winning firms are secretly owned by regional ‘godfather’ Patrick Oulický.

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Companies|Society
István Léko|11.05.2012

Stadium share at rival beckons for unsuccessful Sparta Prague?

Sparta Prague football club will just be a spectator as the Czech league championship is played out this weekend. But the recent poor form and mounting financial losses must be getting to the owners with radical solutions rumored to be on the bench and ready to be brought into play.

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Companies|Foreign Affairs
Kateřina Menzelová|11.05.2012

China shops in CEE but gives Czech Republic a wide berth

The Chinese plan to invest $10 billion in Central and Eastern Europe over the coming years in the region’s infrastructure, technology and ecology sectors. While the buying spree has already begun, the Czech Republic doesn’t figure in any plans Chinese investors have made public thus far. But ZTE and Huawei both operate on the Czech, and the planned auction of mobile services frequencies could attract China Mobile, the world’s largest mobile operator.

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Energy & Green Biz
Chris Johnstone|10.05.2012

French connection tipped as a frontrunner for ČEZ nuclear partner

Czech power giant ČEZ says it will sound out its peers, including European rivals, as possible partners for the expansion of Temelín. France’s EdF is already tipped as a possible frontrunner with Asian interest also suggested.

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Energy & Green Biz|Foreign Affairs
Guest Writer|10.05.2012

Energy efficiency: Made in Denmark, transportable to the rest of the EU?

Denmark uses energy more efficiently than any other EU member state – 60 percent of the energy per unit of GDP of the EU average. Thus it was no surprise when in January the new Danish presidency of the EU’s Council of Ministers identified a draft “energy efficiency directive” as one of its priorities. But Copenhagen’s efforts look unlikely to lead to agreement before the Danish presidency ends. EU member states like Germany and France are trying to weaken key aspects of the draft directive.

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Energy & Green Biz
Vratislav Ludvík|03.05.2012

Will Austria and Germany be able to block Czech nuclear power?

Austria is taking steps to ban imports of nuclear produced electricity with Germany to possibly follow suit. But can such steps, which would have a direct impact on Czech state-controlled power company ČEZ and its plans for more nuclear capacity, really be effective or allowed?  Vratislav Ludvík examines the possible scenarios of how this could work out in practice and the impact on the Czech power market.

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Politics & Policy|Companies
Ondřej Koutník|26.04.2012

Stanislav Bernard: ‘thievery is lower where people love their country’

Stanislav Bernard once used his national image as the head of a brewery with popular beer to back the right-of center Civic Democrats (ODS). But Bernard says the party has lost track of its basic messages about individual  enterprise and the state being slimmed to the minimum. In an interview with Czech Position, Bernard says top members of the ODS are now too involved in the corruption that thrives in a free-spending and poorly controlled state.

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