Prague - Czech power utility CEZ and Hungarian energy firm MOL are to set up a joint venture to build gas-fired power plants in eastern Europe, the companies said Monday.

MOL and CEZ are each to hold a 50 per cent stake and equal voting rights in the new company with a 8.3 million euros in fixed capital, CEZ said in a statement.

The venture, CM European Power International, plans to invest in gas-fired power plants in Hungary, Slovakia, Croatia and Slovenia, the company said.

Prague- The Czech Olympic Committee Wednesday nominated 130 Czech competitors f

Prague - The Czech Republic's year-on-year inflation rate slowed and unemployment remained steady in June, according to government data released Tuesday that slightly beat market expectations.

Prague  - The Czech manufacturer Skoda has announced plans to build a station wagon version of the Superb for 2010 after the four- door sedan went on sale in Europe this month.

Prague - The Czech Republic is heading to an upcoming EU summit starting in

Prague - A Czech court Tuesd