Daily news summary Daily news summary

23-10-2014

TI:Czech Republic not doing enough to fight corruption in international business

The anti-corruption watchdog Transparency International has criticized a number of countries, among them Japan, Russia, Brazil and the Czech Republic, for not abiding by an OECD convention on combating bribery in international business transactions. In its 2014 report on fighting bribery in business Transparency said only the US, Germany, Great Britain and Switzerland were actively upholding the agreements reached. The fact that some big exporters are tolerating and even exporting bribery in international business is hampering global progress in the field, the IT report says.

Korean Air commits to increasing capital in ČSA

Czech Airlines has a received a commitment for financial support from its biggest shareholder Korean Air to boost its efforts to stabilize the loss-making company. Korean Air has conditioned the promised increase in capital on the full implementation of a restructuring plan unveiled in September. The plan involves selling assets and shrinking the company’s fleet and workforce. ČSA has announced plans to lay-off a third of its staff including 77 pilots and close to 200 flight attendants. Korean Air acquired a 44 percent stake in Czech Airlines in 2013 from the state after the government had made several attempts to sell the airline. The Czech state holds 54 percent shares and the insurance company Česká Pojistovna 2.2 percent.

Czech Airlines start handing out notices to staff

The national air carrier ČSA which earlier announced plans to lay-off a third of its staff started handing out notices on Thursday. The company is planning to let go 77 pilots and close to 200 flight attendants. Flight attendants’ trade unions are threatening strike action.

Senate approves 10 percent VAT rate on books, baby food and medicines

The Senate on Thursday approved a government-proposed bill on the introduction of a third 10 percent VAT rate on books, baby food and medicines as of January 2015. The basic VAT rate of 21 percent and the reduced rate of 15 percent will be maintained. The bill still needs to be signed into law by the president.

Senate approves government’s foreign military missions plan

The Senate has approved the government’s foreign military missions plan for 2015 and 2016. According to the proposal Czech troops should continue to serve in international missions in Afghanistan, Mali and the Balkans. The lower house should vote on the bill next Wednesday. A decision on whether Czech soldiers should serve in the United Nations mission in the Golan Heights has been shelved for the time being.

Parties agree on division of posts in Prague City Council

The ANO party, along with the Social Democrats and the three-way coalition of the Greens, the Christian Democrats and Mayors and Independents, who are holding talks on forming a coalition in Prague, have reached agreement on a division of seats in the City Council. The winning ANO, which will fill the post of mayor, is expected to hold the city’s finances, security, health and housing. The Social Democrats should get transport, social policy and European funds while the three-way grouping should take the environment, culture and infrastructure. ANO’s Adriana Krnáčová is expected to fill the post of mayor. The agreement on the division of posts has yet to be sealed by the parties’ leaderships.

Czech National Anti-Drugs Coordination head: We need to tackle all forms of addictions

The Czech Republic will step-up its efforts to fight all forms of addictions including drinking and smoking, National Anti-Drugs Coordination Centre head Jiří Vobořil told journalists on Thursday. Mr. Vobořil said that in the past the accent was on fighting drug additions with drinking, smoking and gambling getting significantly less attention. The authorities are particularly concerned about the number of young people who drink and smoke regularly ranking the country among the worst in Europe.

Hundreds of people evacuated from vicinity of destroyed munitions depot

Close to four hundred people residing in the close vicinity of the munitions depot which was destroyed by an explosion last week were evacuated from their homes on Thursday morning. Police pyrotechnics experts are continuing their investigation at the site and there is a risk of further blasts. Two employees are still missing. Residents evacuated from their homes will be allowed to return in the evening.

Kvitová keeps hopes alive of advancing at WTA Finals

Petra Kvitová beat world number two Maria Sharapova 6-3, 6-2 in a 75 minute game at the WTA Finals in Singapore on Thursday, keeping alive her hopes of advancing in the tournament. Sharapova started well winning the opening two games, but Kvitová proved to be in top form and quickly turned the match around winning 11 of the next 12 games. Kvitová said she was feeling burnt out during her first-round loss to Agnieszka Radwanska, so decided not to practice ahead of Thursday’s game and spent the time relaxing instead. On Friday Kvitová will play against Denmark’s Caroline Wozniacka.

23-10-2014