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A European-Czech Forum representing chambers of commerce and industry of five EU countries has called on the new Czech government to radically reform legislation related to the business environment and to fight economic crime and corruption.

The European Commission is sending an advisor to the Czech Republic to help with the restructuring of the country's steel industry.

The Czech carmaker Skoda, based in Mlada Boleslav, had to suspend production for several hours on Tuesday due to torrential rain that flooded its production line.

The new Prime Minister Vladimir Spidla said that his government should work out a new privatisation scenario for the energy sector

The Czech National Bank on Wednesday released a report from its board meeting at the end of June in which it sees the constant appreciation of the crown as a factor that could cause changes in the structure of the economy and negatively affect economic growth. The crown is also one of the main factors behind the current fall of inflation below the central bank's target.

The Czech unemployment rate in June rose to 8.7 percent after it stagnated in May after a series of declines in the previous four months down to 8.6 percent.