The civic pressure group Fair Housing in Prague 10 says plans drawn up by the district council led by district mayor Milan Richter to sell off 44 residential villas are non-transparent, non-conceptual and unfair, and fears the tenants will be evicted. The properties are worth a total of around Kč 1 billion. Although city districts must inform the central administration of plans to transfer ownership of property valued above Kč 50 million, Prague 10 failed to do so.

Experts agree that the financing terms for the construction of the multipurpose O2 Arena in Prague’s Libeň district were disastrous and ultimately led to the bankruptcy of the national lottery firm Sazka. Now the man behind the project, former Sazka boss Aleš Hušák, says he now wants to buy back the arena along with a winery belonging to Sazka. But where would he get the money?

Completed in time for the Ice Hockey World Championships in 2004, the 02 Arena (originally the Sazka Arena) multifunctional indoor sports and entertainment complex in Prague reportedly cost Kč 7.2 billion to build. The project proved to be the financial downfall of the lottery firm Sazka – and auditor Ernst & Young says now it’s worth just Kč 1.57 billion.

Creditors of developer ECM who appealed against a bankruptcy declaration delivered by a municipal court have been backed by the High Court, which cancelled part of the original declaration and returned the case to the court for further proceedings.