The recent electricity outage in the United States and Canada reminded me that during my childhood, blackouts were quite common. Of course, they never lasted more than a few hours, at least as far as I can remember. I never saw power being cut off deliberately, for saving purposes, like my parents back in the 1950s. It would then be announced on the radio that power would be cut in certain regions and people filled up their kerosene lamps or just sat around in the dark and told each other stories.
Prague blue-chips hit a three-year high earlier this week. Meanwhile, the Czech crown fell to its lowest in over a year and a half against the euro. The Czech central bank will most likely change its inflation targeting policy. New Telecommunications Act forces former monopoly Czech Telecom to rent last mile to competitors. Czech Telecom to sell off some assets. The largest Czech coal-burning power station out of operation. Power Utility CEZ eying mulls eastward expansion. Sixteen buildings in Prague's Wenceslas Square are up for sale again.
The Trade and Industry Ministry has published its long term energy policy plan up until the year 2030. It has been tailored to gradually meet all EU criteria, but still aims for maximum self sustainability. The ministry has revised an earlier decision to phase out black and brown coal mining and also plans to build three more nuclear reactors. The plan has come as a shock to environment activists who claim that it would be a serious setback for the Czech Republic.
The Trade and Industry Ministry has published its long term energy policy plan up until the year 2030. It has been tailored to gradually meet all EU criteria, but still aims for maximum self sustainability. The ministry has revised an earlier decision to phase out black and brown coal mining and has plans to build three more nuclear reactors. The concept has come as a shock to environment activists who claim that it would be a serious setback for the Czech Republic. We asked Vojtech Kotecky of Friends of the Earth what his reservations are:
Czech government faces another arbitration. New calls for privatisation of remaining state assets. Parliament passes law to speed up energy market liberalisation. Pilsner Urquell brewery found guilty of compeititon-blocking practices. Government would like mobile operators to pay for UMTS licences as soon as possible. Central Bank intercepts an increasing number of forged euros. Consumer confidence has been on the rise. Czech foreign debt decreases.
The Czech government has delayed the planned sale of national power producer CEZ until after it has drafted a new national energy policy. The Czech Senate has approved a new law aimed at curbing tobacco promotion. The European Central Bank has urged EU membership applicants to get their economies in shape before joining eurozone. The Czech cabinet has scrapped a contract awarded to a private company to build and operate a highway in North Moravia.
The Czech Republic may need another nuclear power station, says the Industry and Trade Minister Jiri Rusnok. The Czech ministers of trade and defence have been lobbying in India on behalf of the Czech military aircraft maker Aero Vodochody. Matsushita is planning to invest another 8 million USD in a R&D facility in Czech Republic. Mobile penetration is expected to reach 90 percent in 2003.
More than 150,000 inhabitants in the east Bohemian towns of Hradec Kralove, Pardubice and Chrudim have had no heating and hot water for the third day running. The same goes for schools, offices, restaurants and shops. The reason is an accident at the Opatovice electricity plant that heats the towns - its roof collapsed on Saturday and damaged all six boilers placed inside. Alena Skodova reports: