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October 12th, 2008
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July 23rd, 2008 | Current Issue

Price to play
Amid piracy crackdowns, legal music vendor lures downloaders with new service

Airlines tackle rocketing fuel costs
Carriers consolidate routes and hike rates to offset losses

Topolánek postpones trucking ban
Truckers revoke blockade plans, demand fuel discounts

Landlords hike regulated rents unexpectedly
Demand increases for subsidized housing

Biz Events
Dates of Note

10 Questions
with Michael Mullen
10 Questions

A new voice for Volný
Movers & Shakers

BRIEFS


EXPANSION Energy producer ČEZ is negotiating with Russian energy giant RAO JES about the potential purchase of one-third of AES Kaliningrad, which plans to begin operations of the Baltic 1 nuclear power plant by 2016, daily E15 reported July 21. ČEZ also intends to participate in the privatization of Turkey’s energy sector.

HELICOPTERS After winning a public tender for the purchase of its Romanian competitor Avione Craiova, aircraft producer Aero Vodochody announced July 21 its intention to acquire helicopter producers IAR in Romania and PLZ-Swidnik in Poland, daily Hospodářské noviny (HN) reported.
FINED The Anti-Monopoly Office fined Czech Railways 270 million Kč ($18.5 million) July 17 for inhibiting competition through differential pricing, the daily Právo reported. The state-owned rail operator was charged with undercutting cargo prices of its competitors Spedit-Trans and Šped-Trans Levice after they attempted to lure away a customer.
CROWN The rapidly strengthening crown will not speed up the Czech Republic’s road to Euro adoption, Prime Minister Mirek Topolánek told HN July 21. Responding to exporter concerns, Topolánek also discouraged intervention by the Czech National Bank, which he said could be “expensive and ineffective.”
ŠKODA Finance Minister Miroslav Kalousek signed a memorandum with Škoda Auto July 22 providing for the government-subsidized construction of infrastructure in areas where the carmaker operates. The project will cost 1.4 billion Kč, HN reported.
bThe government will not be able to complete the privatization of Budějovický Budvar, the last state-owned brewery, by the end of its electoral term in 2010, Topolánek told the Czech News Agency July 22. The Agriculture Ministry intends to transform the brewery into a joint-stock company to ready it for privatization.
MONOPOLY Student Agency bus operator owner Radim Jančura rejected July 22 Anti-Monopoly Office Chairman Martin Pecina’s claim that his company controls 70 percent of the Brno bus market, and therefore can not use predatory pricing against the competition, according to HN.
MILK The Agriculture Ministry announced July 22 its intentions to end its 43 million Kč school milk subsidy as of next year. An EU subsidy of about 17 million Kč will remain. Local dairies are considering suing the state to cover the consequent losses, HN reported.
ARMS Finance Minister and former Defense Minister Miroslav Kalousek demanded July 22 that U.S. detective agency Kroll and former Zbrojovka Vsetín head Karel Dančák rescind their allegations that Deputy Prime Minister Jiří Čunek lobbied the Defense Ministry tenders for the arms maker, HN reported. The claim was included in Kroll’s June 30 report on Čunek’s finances.

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