Politics & Policy
Chris Johnstone|20.05.2011

‘Mr. Budget’ dies at 59

The dominant figure in the Czech Ministry of Finance over the last decades, Eduard Janota, has died. He will be most frequently remembered as the man who framed the national budgets but reached the top in 2009 when he became Finance Minister in the caretaker government of PM Jan Fischer.

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Energy & Green Biz
Chris Johnstone|19.05.2011

Czech industry minister warns of EU power grab

Czech Minister for Industry and Trade Martin Kocourek has warned the European Commission about overstepping its powers at the start of a European nuclear energy forum in Prague. The Czech minister warned that Brussels cannot dictate what energy mix individual counties can choose as new nuclear safety rules are negotiated.

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HOT TOP|Energy & Green Biz
Chris Johnstone|17.05.2011

Temelín study clears French reactor offer

A feasibility study into the technical limitations for expanding the Temelín nuclear power plant shows offers from all three bidders are in the running. The report is being interpreted as particularly good news for French company Areva, which has the biggest capacity reactors on offer.

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Companies|Energy & Green Biz
Chris Johnstone|16.05.2011

Czech FinMin backs down on emission purchases

A deal between the Environment Ministry and Ministry of Finance has banished the prospect of Czech energy companies paying billions of crowns to buy emissions allowances from 2013. State-controlled power company ČEZ is the biggest winner from the agreement.

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Energy & Green Biz
Čestmír Klos|13.05.2011

Proposed renewables law casts shadow over sector

A new government proposal aims to create some sort of order around the expansion of renewable energy in the country by setting annual limits for the development of different energy sources. Opponents of the move say it’s laughable to describe it as “support” for renewables since the aim is clearly the opposite.

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Politics & Policy|Energy & Green Biz
Chris Johnstone|11.05.2011

Power firms claim victory over huge emissions charges

Power companies believe they have seen off the threat of a Kč 48 billion bill for emission allowances from 2013 masterminded by the Ministry of Finance to curb the impact of electricity price rises caused by solar power. The ministry itself seems to have forgotten about the far-reaching plan, as power producers prepare to apply for “free” allowances under an EU deal. 

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Chris Johnstone|10.05.2011

ČEZ beats Q1 profit expectations

Czech state-controlled power giant ČEZ beat analysts' forecasts for first quarter profit and is boosting production to cash in on power shortages and high prices in Germany and the rest of Europe following the Fukishima nuclear accident.

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Energy & Green Biz
Chris Johnstone|04.05.2011

ČEZ’s Slovak nuclear joint venture faces delays

The deadline for a feasibility study into whether ČEZ and the Slovak state go ahead with a new nuclear reactor in Slovakia has been pushed back until the start of 2012. Even if it is approved, power production at the plant could be delayed by stricter European safety rules.

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Companies|Energy & Green Biz
Tom Jones|03.05.2011

ČEZ plugs electric cars with charging network

State-owned electricity producer ČEZ plans to install 50 recharging points for electric cars at various locations across the Czech Republic this year and 200 by 2013 as part of its plans encourage sales of such vehicles. ČEZ says it will provide the electricity with large subsidies to limit costs for consumers.Vehicle manufacturer Peugeot will provide the electric cars.

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Real Estate
Kateřina Menzelová|29.04.2011

ČEZ office sale looks like bargain for insider

State-controlled power utility ČEZ is seeking to offload three of its administrative buildings, preferring to rent than own, but some sale conditions — and a legal battle in the background — signal that the properties may sell at below market price. Speculation is swirling that one interested bidder is an investor with close links to ČEZ management, who is pursuing the deal through an offshore company.

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