The construction of the facility will start in 2014 and is scheduled to be commissioned in 2016. It will have a working gas capacity of 448mn cubic meters, thus making it one of the largest facilities of its kind in the Czech Republic.
MND, owned by KKCG group of Czech billionaire Karel Komarek, specialises in exploring, searching and extracting crude oil and natural gas in the Czech Republic and abroad. It also builds and operates underground gas storage facilities.
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