The three parties in the Czech government coalition are near agreement on a pension-system overhaul that will place more reliance on private savings for retirement, Lidove Noviny reported, citing Prime Minister Petr Necas.
The Czech government is preparing a new renewable energy law that will remove subsidies to most biomass power plants, Lidove Noviny reported, citing Environment Ministry spokeswoman Michaela Jendekova.
Czech Foreign Minister Karel Schwarzenberg met with his Russian counterpart Sergei Lavrov to discuss the construction of two additional reactors at the Temelin nuclear power plant, Lidove Noviny reported, citing Schwarzenberg.
CEZ AS, the largest Czech power producer, plans to regroup its renewable resources in a separate unit and sell part of it to pre-selected “qualified” investors, Lidove Noviny reported, citing spokesman Martin Schreier.
The Czech government plans to increase the ratio of short-term bonds as part of its total debt to reduce borrowing costs by 4 billion koruna ($206 million), Lidove Noviny reported, citing Finance Minister Miroslav Kalousek .