Czech Republic

Czech government approves aid in return for Volkswagen investment

Czech government approves aid in return for Volkswagen investment

Serbia withdraws ambassador from Czech Republic

Prague  - Serbia has withdrawn its ambassador from the Czech Republic in a move anticipated after Prague's recognition of independent Kosovo, the Czech Foreign Ministry said Friday.

Barroso: Nuclear energy to help fight climate change

Barroso: Nuclear energy to help fight climate changePrague  - Nuclear energy, a cheap and carbon-free source, could contribute to Europe's battle against climate change, European Commission President Jose Manuel Barroso said Thursday.

Nuclear energy "can help protect our economies against price volatility and reduce dependence on imported gas," Barroso told a nuclear-energy forum in Prague.

Barosso, however, said that the European Commission will not promote nuclear power to EU members who have "an absolute right to choose freely."

Czech power giant CEZ to cancel shares, continue buyback

Czech power giant CEZ to cancel shares, continue buybackPrague  - The shareholders of the Czech power giant CEZ agreed Wednesday to extend the firm's buyback programme by another 10 per cent, the company said.

The state-controlled CEZ also received shareholders' green light for cancelling 9.15 per cent of company shares that the utility had bought back previously, spokeswoman Eva Novakova said in a statement.

The power producer has said earlier it spent 67.3 billion koruny (4.22 billion dollars) on buying back roughly 9.8 per cent of its shares.

Czech Republic recognizes Kosovo

Prague  - The Czech Republic Wednesday recognized independent Kosovo, the Czech Foreign Ministry said.

Czech pharmaceutics maker Zentiva reports Q1 profit drop

PraguePrague  - Czech generics drugs maker Zentiva reported Monday a net profit of 469.7 million korun

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