More than twenty international banks have been asked to submit bids to lead manage the Czech Republic's debut sovereign euro bond issue, Deputy Finance Minister Eduard Janota told Reuters news agency on Thursday. The Czech Republic is looking to tap international markets for about one billion euros through a 10-year bond issue in June, about a month after it joins the European Union. According to Mr Janota, the ministry will make a short list and choose one or two lead managers by the end of this month at the latest. The Czech euro bond offering is expected to set a benchmark for sovereign debt of the country, which - unlike its central European peers - has no outstanding sovereign foreign bonds. Apart from this, the finance ministry also wants to open up a new borrowing channel and ease pressure on the domestic market, increasingly saturated by fast growing state debt. Czech government debt accounted for 37.6 percent of gross domestic product last year, under EU criteria, and is seen rising further in the years to come due to fiscal deficits.
Some thirty North Korean seamstresses disrupted a Czech TV crew on Thursday, which was filming outside their place of employment in the town of Skutec, near Chrudim, east Bohemia. The attack came in reaction to reports in the Czech media that the seamstresses were being mistreated by their own embassy. The crowd of women surrounded the crew members, who had been taping interviews with passers-by, pushing, scratching, and even throwing rocks at them. No one was seriously hurt but the cameraman did suffer light injuries. The crew's camera was damaged after being seized by the women who took it inside the company. It was only returned after the arrival of police; the videotape in the camera had been removed. Police are now investigating the incident and have arrested three of the seamstresses.
The commander of the Czech contingent in Iraq Jiri Neubauer has revealed that Czech military police have trained some 1,200 Iraqi police since the end of last year. Mr Neubauer made the announcement on Wednesday just as a group of Czechs returned home after their first two-month stay in Iraq. Apart from their training mission, the Czech instructors, who are based near the southern Iraqi city of Basra, have also been involved in the fight against terrorism and policing duties. On Wednesday, 35 from a total of 80 Czech troops in Iraq returned home and will be now replaced. Meanwhile, four Iraqi children, aged between seven and fourteen, set to undergo surgery in the Czech Republic, also arrived on the contingent flight.
The Rossmann pharmacy chain has been ordered by a Prague court to pay 50, 000 crowns as well as offer a formal apology to compensate for discriminating against a Czech Romany woman. Renata Kotlarova was discriminated against by the multi-national company when she applied for work at one of the chain's stores in Cheb but was refused point blank and not given a requisite interview. Mrs Kotlarova filed suit against the multi-national firm with the aid of the Prague-based Counselling Centre for Citizenship, Civil, and Human Rights. The organisation sent one of its employees carrying a hidden tape recorder into the store to apply for the same job. Unlike the Romany woman, however, she was given a regular job interview, although she presented identical job qualifications.
During a conference on Afghanistan in Berlin on Wednesday Czech Foreign Minister Cyril Svoboda met American Secretary of State Colin Powell, discussing Czech military commitment in Afghanistan and the Czech Republic's role in the continuing war on terror. The Czech foreign minister assured Mr Powell that the Czechs would continue in Afghanistan with 109 Special Forces troops taking part in the U.S.-led operation "Enduring Freedom" and additional soldiers taking part in the ISAF peacekeeping operation. Mr Svoboda also told journalists on Wednesday that the Czech government was interested in finding funds to help in the reconstruction of Afghanistan, for instance in building and renewing the country's cement works. However, for now it remains unclear whether the Czech government will be able to find the necessary funds for the project.
The Lower House of Parliament on Wednesday voted in favour of raising TV and radio license fees to 100 crowns and 45 crowns a month respectively. This fee is to be paid by all households regardless of whether they do or do not own a television and radio receiver. The proposed amendment also envisages less advertising time for public broadcaster Czech TV - a reduction to 0.8 percent from the present 1 percent of overall broadcasting time. The bill was approved by a one vote majority and has been strongly criticized by the opposition. It must now pass through the Senate and then be signed by the president.
The Senate on Tuesday overturned a proposed bill that would have banned abortions in the Czech Republic. The bill was drafted by the Christian Democrats and would have sent a doctor who performed an illegal abortion to five years in prison. Anyone found guilty of helping a woman to get an illegal abortion or persuading her to have it would have faced up to a year in prison. 134 out of 170 senators present in the upper chamber voted against the bill.
On a visit to Finland, the Czech Prime Minister Vladimir Spidla criticized movement of labour restrictions within the enlarged EU. Of all the EU member states only Britain and Ireland have opened their labour markets to the newcomers. The Czech Prime Minister said the restrictions introduced against the new EU countries were ungrounded and based on prejudice. The Finnish Prime Minister Matti Vanhanen countered that although his country had introduced a two year restriction period it is at the same time very flexible in granting labour permits. 8o% of all applications submitted have been granted, he said.
Four seriously ill children from the town of Basra, southern Iraq, are expected to be flown into the Czech Republic on Wednesday to get free medical attention. The children will be treated as part of a humanitarian programme under which Iraqi citizens are offered free medical care in the Czech Republic. Eighteen children, mainly with heart problems, already benefited from the programme last year. This year, the government has reserved five million crowns for the project.
Czech students have launched a week of public protests demanding more funds for the education sector. They argue that under the given conditions the quality of education in the Czech Republic will suffer a serious setback. The lack of funds is already said to be affecting the state of school laboratories, school books and staff. While the majority of EU member states devote an average 1,5 percent of GDP to the education sector, the Czech government has released only O, 7 percent of the country's GDP. The planned protests include marches, public debates and happenings.