The Czech government on May 30 approved a bill scrapping bearer shares in a bid to clamp down on anonymous ownership of companies and as part of the cabinets anti-corruption measures, Ceska Pozice reported. Under the bill, firms will have to register bearer shares with the stock exchange or financial offices or deposit them with banks. According to data from CEKIA information agency, the true ownership of some 13,000 Czech companies is masked through bearer shares. Another measure, proposed by the government, is allowing for peal bargaining in corporate criminal cases. |
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