A co-author of the Czech Insolvency Act of 2006 has warned that a proposed amendment to the law would “unintentionally” give debt relief to hundreds of thousands of people. Tomáš Richter, a renowned expert on both Czech and European insolvency law, said in an interview that lax rules set out in the current amendment could potentially mean adding another 600,000-700,000 to the list of people qualifying for debt relief.
The newly-appointed agriculture minister, Miroslav Toman, has said he will move to regulate the number of promotional campaigns in supermarket chains. The announcement comes in the wake of a controversial promo campaign at the German retailer Kaufland which recently offered shoppers a liter of milk for the price of just 1 crown.
The annual general meeting of state-controlled power producer ČEZ proved to be a contentious one, lasting a record 14 hours and into the wee hours of Saturday. In the end, it saw the ouster of three ČEZ supervisory board members, including its chairman, in a political power play. The AGM also agreed on a dividend pay-out which fell short of demands by some influential minority shareholders.
Czechs collected more than 6.6 billion crowns worth of mushrooms and fruits in the country’s forests in 2017. In all, people picked 41,300 tonnes, which is 1.5 billion tonnes more than in the previous year. The news was reported by the website e15.cz on Friday, citing the annual report by the Czech University of Life Sciences.