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Hungarian refinery giant MOL is about to seal a deal with AGIP to buy the Italian’s firm 124 petrol stations in the Czech Republic, the Czech daily Hospodářské Noviny reported. If the deal goes through, MOL will become the second biggest player on the Czech market. It could also spark further consolidation.

Comparative data released by the Czech Statistics Office on the 10th anniversary of the Czech Republic’s accession to the European Union indicate that the country’s export-oriented economy greatly benefited from the move. In the past ten years the country has seen its exports more than double.

The target of rounding off Europe’s internal energy market by the end of the year is a no hoper. More worrying, some moves suggest that a completely piecemeal not than completed market might be the more likely outcome with prolonged German low electricity prices for its industry one of the signs.

The Czech Republic has a fairly unique position in the European Internet world with local search engine company Seznam by most calculations dominating world leader Google. But one of the biggest players on the local e-commerce market warns that European Commission moves to curb Google’s dominance in Europe could backfire and worsen the situation on the Czech market.

Czech consumers can look forward to having more change in their pockets after shopping trips if reported plans for the phase in of three levels of Value Added Tax come true. A preliminary document outlining the changes has already been drawn up by the finance ministry but still needs to be approved by the government by the end of the month.

Squandering of public funds in ill-conceived investment projects has always been a big problem for Czech state administrations. Now the centre-left government is setting up a watchdog body which should assess the necessity for major investments and make sure that the money is spent according to plan.

Several restaurants in central Prague were among two dozen eateries fined last year for severe breaches of consumer legislation. The Czech Trade Inspection Authority found that nearly 40 percent of restaurants inspected broke the law; the most frequent problems include short measures of beer and other drinks, overcharging, as well as automatically including tips in bills without the guests’ knowledge.

Czech state owned power giant ČEZ’s move to scrap its tender for expanding the Temelín nuclear power plant has been in the rear view mirror for some time. The company is saying it’s an economic decision not a political one, but in fact it is a bit of both.

The annual budget ritual has started with a mean looking opening bid by the Ministry of Finance together with expected savings in spending. That bid will be fought over during the next months but the deciding factor will be how government revenues shape up.

Confirmation has come of top level talks between the Czech government and representatives of Polish oil refining and petro-chem giant PKN Orlen. The scenario that the Poles would like to plot does not take much fathoming.