CEZ considers sale of power plants to Czech Coal
Czech power group CEZ has renewed talks with Czech Coal over supplies and is also considering selling its Pocerady and Chvaletice electricity plants, newspaper Hospodarske Noviny reported on Tuesday. The two companies ... 

Source http://www.reuters.com/article/2012/01/31/cez-czechcoal-idUSL5E8CV1AG20120131

Czech Republic refuses to join EU fiscal pact
The Czech Republic joined Britain in refusing to sign up to an EU pact on fiscal discipline on Monday, Sweden's prime minister said, but diplomats indicated that Prague may still change its mind. "All countries declared their intention to take ...

Source http://news.ph.msn.com/business/article.aspx?cp-documentid=5823880

Czech violinist Ivan Zenaty joining faculty at Cleveland
Ivan Zenaty, an admired Czech violinist and teacher, will join the violin faculty at the Cleveland Institute of Music this fall. Zenaty is the second major faculty appointment that Joel Smirnoff, the institute's president, has announced in ...

Source http://www.cleveland.com/musicdance/index.ssf/2012/01/admired_czech_violinist_ivan_z.html

Westinghouse Announces Exclusive MOU With Czech Firm
Westinghouse Electric Company today announces the signing of an important and exclusive Memorandum of Understanding (MOU) with Czech company Metrostav a.s., in preparation for the potential construction of W ... 

Source http://finance.yahoo.com/news/westinghouse-announces-exclusive-mou-czech-180000065.html

Czechs balk at lending IMF money to help eurozone
The Czech Republic's prime minister says his country will not contribute €3.5 billion ($4.5 billion) to the International Monetary Fund as part of efforts to stabilize the European debt crisis, saying the sum would have to be "significantly lower."

Source http://www.msnbc.msn.com/id/46039197

Explosive Czech Petra Kvitova is planning
Explosive Czech Petra Kvitova is planning to blast her way through the deadliest women's draw in Australian Open history. Believing she has the power game to reign on every grand slam surface, Kvitova won't die wondering in her pursuit of Open ...

Source http://msn.foxsports.com/tennis/story/Explosive-Czech-Petra-Kvitova-is-planning-17502294

Facebook group wants Czech leader renamed Havel
A petition poking fun at a drive to rename everything in the Czech Republic after the late former president Vaclav Havel has become a Facebook hit: now they want President Vaclav Klaus renamed too. By Wednesday, a tongue-in-cheek petition calling for the ...

Source http://news.yahoo.com/facebook-group-wants-czech-leader-renamed-havel-003530117.html

"No big plan needed for potential euro breakup"
The Czech central bank is thinking about the consequences of a potential euro zone breakup, but the state of the the country's economy means it does not need a "big plan", central bank Governor Miroslav Singer said on Wednesday ... 

Source http://www.cnbc.com/id/46036860/No_big_plan_needed_for_potential_euro_breakup_Czech_cbanker

Czech cbank chief: new orders only encouraging signal
VIENNA, Jan 18 (Reuters) - Czech companies continue to receive new orders, which is the only encouraging factor in the central European economy, central bank Governor Miroslav Singer said on Wednesday. "It still seems that companies have orders, which is ...

Source http://www.cnbc.com/id/46036730/Czech_cbank_chief_new_orders_only_encouraging_signal

Morning Briefing: Polish Labor Data, Czech EU Support Eyed
Polish labor market data Wednesday may provide regional markets with further proof that the European economic cooling is impacting central Europe's largest country, while the Czech government will discuss euro-zone bailout plans. Poland's ... 

Source http://blogs.wsj.com/emergingeurope/2012/01/18/morning-briefing-polish-labor-data-czech-eu-support-eyed/

Czech Republic dismantles major cannabis network
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cannabis czech drugCzech authorities announced Wednesday they had dismantled a major cannabis network and arrested 21 suspected members from Vietnam, following a six-month drugs operation by police and customs officers.

Most of the cannabis was destined for export and had an estimated annual value of 100 million Czech korunas (four million euros, five million dollars), Pavel Hoffman, head of the customs drugs unit told reporters.

The network was "made up exclusively of Vietnamese, highly organised, professional," Pavel said, adding that the main export destinations were Austria, Hungary and Slovakia.

Out of the 21 arrested, 12 could face between 10-18 years in prison, and the nine others, all employees on the cannabis farms, could face between two to 10 years in prison, the head of the Czech National Drugs Headquarters said.

"The people employed as gardeners on the farms often had experience of cultivating marijuana acquired in Britain or in Scandinavian countries, and they were paid around 1,500 to 2,000 euros a month", said Jakub Frydrych.

The joint operation involving Czech police and customs, took place simultaneously in several regions of the central European country on August 4, capping six months of investigations and preparations, Frydrych said.

Several hundreds of people were involved in the operation that uncovered eight large farms mainly in western and central regions of the country.

 

AFP

 
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