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The Ad Hoc Group, representing a group of foreign investors who have become the new owners of New World Resources and the Czech coal mining company OKD, have made clear their intention not only to save the ailing latter firm but to keep its mines running for years to come.

While Czechs’ beer consumption dropped slightly in recent years producers are not worried. In the past two years exports have steadily increased, hitting record figures. In the past five years beer exports have risen by more than 40 percent.

Leaders of the government coalition parties on Monday will debate the thorny question of how to rebalance the costs of electricity supply between different categories of Czech households and businesses. An outline proposal for changes from the national energy regulator has resulted in an avalanche of criticism with one option now to go back to the drawing board.

A rift appears to have erupted between one of the Czech Republic’s biggest Internet operators and most of the major media companies putting their content over the web. How this tussle will conclude looks like anyone’s guess.

Potato growing in the Czech Republic has been on the decline in recent years. While over 1.5 million tonnes of the tuber were produced in 2005/2006, the figure has now fallen to 604,000 tonnes. Industry bodies have now come up with suggestions aimed at reversing that trend.

An increasing number of Czechs are facing problems with debts, the daily Hospodářské noviny reported on Wednesday. According to the daily, every tenth Czech has had some serious problem repaying debts and either they or their relatives are facing property seizure.

Czech tax authorities are reported to be taking a lot keener interest in the tax declarations and relations of major multinationals with local earnings.

Almost clinically dead, but back from the grave. That’s how some describe the turnaround of airline ČSA on reports of its best financial results for the last 10 years with an operating profit approaching 250 million crowns.

A Russian fashion for imported beers meant a boon for Czech breweries a few years back. However, the economic crisis of the last two years and restrictions on marketing have led to a marked fall in exports of Czech lager to the world’s biggest country, the daily Hospodářské noviny reported.

After years of decline, the Czech Republic’s real estate market is experiencing a boom. Prices of apartments in the Czech Republic are currently being sold for the highest price within the last five years, the daily e15 reported on Wednesday.