HOT TOP|Politics & Policy|Society
István Léko|03.07.2012

Key Investments files for insolvency, remains a threat to Czech elite

The opaque brokerage Key Investments — into which nearly Kč 1 billion of public funds has apparently been lost or embezzled — has filed for insolvency and will probably go into liquidation. This does not mean, however, that Key Investments will cease to be a threat to the myriad politicians who profited from deals with the brokerage over the past decade. The potential for blackmail and settling political scores is huge.

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HOT TOP|Politics & Policy|Companies
István Léko|30.05.2012

Why are politicians covering up over Key Investments?

The Key Investments archives are a powerful weapon, both for those with something to lose and something to gain. The web of influence involved in the scandal around the dodgy brokerage goes to the summit of the Czech business-political power axes — and that’s the reason why only one token, and peripheral, culprit has been reeled in so far: former industry and trade minister Martin Kocourek.

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Energy & Green Biz|Society
Chris Johnstone|27.04.2012

Šumava park director wins anti-ecological award

Jan Stráský didn’t look back after becoming director of the Šumava National Park in February 2011, skirting or violating environmental rules and ecological good practice wherever possible, according to his opponents. For his clear cut performance which left the field far behind he has been chosen as the Czech Republic’s top anti-ecologist for 2011.

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Companies|Energy & Green Biz
Chris Johnstone|05.04.2012

Czech industry minister seeks shift in coal mining debate

Czech Minister of Industry and Trade Martin Kuba has sought to reset the great Czech coal debate over whether existing mining limits should be ditched or not in the face of depleting reserves. Kuba says stress should be more on more efficient power plants so that reserves within existing reserves can last longer.

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Politics & Policy
Chris Johnstone|23.03.2012

Former Czech industry minister facing police probe for defrauding creditors

Martin Kocourek (Civic Democrat, ODS), the former industry and trade minister who famously diverted bonds worth Kč 16 million to his mother to keep part of his wealth out of a divorce settlement with his wife, now faces a police probe over suspicions that he defrauded creditors.

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Politics & Policy|Economy|Foreign Affairs
Martin Shabu|08.03.2012

Economic diplomacy: real export help or a tour agency for minister’s mates?

Czech Minister of Industry and Trade Martin Kuba (ODS) proudly unveiled his proposal for economic diplomacy to play a key role in boosting exports and diversifying sales abroad to reduce dependence on a struggling Europe. But he failed to get the foreign ministry on board beforehand — and it has a long list of complaints about allegedly major flaws in Kuba’s proposal.

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Politics & Policy|Companies|Economy|Society
Tom Jones|28.02.2012

Industry minister calls for preserving powers to evict for coal

Czech Minister of Industry and Trade Martin Kuba says coal remains a strategic resource and therefore the government should leave its options open, including preserving its power to expropriate land and property to make way for new coal fields. However, under the coalition agreement between the three parties in power, the government has pledged to abolish its power to evict residents in the way of mining activities.

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HOT TOP|Politics & Policy|Companies
István Léko|22.02.2012

Key Investments scandal: a year of futile struggle with tentacles of corruption

Exactly a year ago, Czech Position was the first publication to report on the scandal surrounding the Key Investments brokerage, which could be dubbed as the Czech equivalent of the Bernie Madoff case. While the US finance fraudster received a 150-year prison sentence, the main protagonists in the Czech scandal remain free — thanks to the level of morality and expertise in the Czech police and judiciary.

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Energy & Green Biz
Chris Johnstone|21.02.2012

Czech industry minister fears Net4Gas sale to ‘Trojan horse’ in the pipeline

Still to be confirmed but clearly on the horizon, the sale of the Czech gas pipeline company Net4Gas by its German owner RWE is clearly a matter of concern for the Czech Ministry of Industry and Trade (MPO). Minister Martin Kuba on Tuesday expressed his fears over the prospects of a non-strategic buyer ready to sell for a quick profit when the opportunity arose but also admitted he was legislatively powerless to intervene.

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Energy & Green Biz
Chris Johnstone|08.02.2012

Czech minister backs down on nuclear energy boom, battles EU power bid

A possible nuclear energy splurge in the Czech Republic no longer looks on the cards over the next half century with Industry and Trade Minister Martin Kuba saying one scenario for 18 new nuclear reactors producing 80 percent of the country’s electricity belongs in the fiction section. Kuba is tasked with drawing up the country's long term energy plans, now likely to be delivered mid-year.

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