Czech Republic

Czech lawmakers reject foreign troop deployments for 2009

Czech lawmakers reject foreign troop deployments for 2009Prague  - The Czech parliament's lower house Friday rejected a government proposal outlining troop deployments abroad in 2009, in a move threatening troop withdrawals from Afghanistan and Kosovo by March.

Prime Minister Mirek Topolanek's government failed to muster the needed 101 votes in the house, which rejected the deployments in a 99- 75 vote.

Czechs seek to balance US, European ties

Prague  - Czech Prime Minister Mirek Topolanek's big test in 2009 will be juggling the nation's historic trans-Atlantic ties, his reserve toward the European Union and the task of chairing the EU.

Topolanek, whose country was occupied by Soviet troops during the Cold War, made it clear in 2008 that he sees strong US ties as the most reliable guard against Moscow.

In July, his government struck a deal with President George W Bush's administration to host a missile-defence radar base on Czech soil and was rewarded with visa-free US travel for its citizens.

Czech energy giant CEZ to build nuclear plant in Slovakia

Czech energy giant CEZBratislava - Czech energy firm CEZ is to build a new nuclear power plant in Slovakia to help offset a closure of its two Soviet-era reactors, an official said Wednesday.

The Slovak leftist government of Prime Minister Robert Fico selected CEZ as its strategic partner for building a new unit in the Jaslovske Bohunice nuclear energy complex, Slovak Economy Minister Lubomir Jahnatek said.

Slovakia vowed to shut down two Soviet-era units in Jaslovske Bohunice by 2009 as part of its accession deal with the European Union, which the country of 5.3 million entered in 2004.

Czech central bank cuts borrowing costs by 50 basis points

Czech National Bank LogoPrague - The Czech Republic's central bank Wednesday cut its benchmark interest rate by 50 basis points in a bid to boost the country's economy which is bracing for a severe slowdown next year.

The Czech National Bank slashed the benchmark two-week repo to 2.25 per cent, the lowest level since October 2005 in a second dramatic cut in a row. The bank already cut the key rate by 75 basis points on November 6.

The cut brought the rate below that in the eurozone. The European Central Bank delivered a 75-basis-point cut on December 4, bringing the key rate in the 15 countries using the euro to 2.5 per cent.

EU court annuls EU-wide trademark for US Bud beer

EU court annuls EU-wide trademark for US Bud beer Prague - A European Union court Tuesday annulled an EU-wide trademark for Anheuser-Busch's Bud beer, which has been contested by Czech brewer Budejovicky Budvar NP.

The Luxembourg-based European Court of First Instance said in its ruling that the bloc's trademark registry, the Office for Harmonization in the Internal Market (OHIM), made mistakes when rejecting Budvar's complaint against Anheuser-Busch's registration.

Anheuser-Busch, which was taken over by Belgium's InBev earlier this year, can appeal the verdict to the European Court of Justice.

Czech foreign minister to visit Berlin

Czech foreign minister to visit BerlinBerlin  - Czech Foreign Minister Karel Schwarzenberg is to visit Berlin on Monday as Prague prepares for a six-month term in the presidency of the European Union, diplomats said Friday.

German Foreign Minister Frank-Walter Steinmeier is to present him with one of Germany's highest honours, the Grand Cross of the Order of Germany, when they meet, the Foreign Ministry in Berlin said.

Schwarzenberg, who lived in Austria and Germany before the end of communism in his homeland, is to address a select group of German legislators in a meeting room at the parliament building in Berlin during the stay.

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