The local unit of gas company E.ON sold its 19.73% stake in regional heating company Teplarna Ceske Budejovice to Lama Investment, E.ON Czech Republic spokesperson Vladimir Vacha told the CIA news agency. Lama Investment focuses on trade with natural gas. Details about the transaction have not been disclosed. Majority owner of Teplarna Ceske Budejovice is the city of Ceske Budejovice with an 80% stake. Teplarna Ceske Budejovice posted a non-consolidated profit of CZK 115.4mn (EUR 4.6mn) in 2008, up by 6.5% y/y. |
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Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more
The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more
The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more