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A temporary electricity shortage threatened the stability of the Czech power transmission system last week. Some power stations in the country are not in operation, reportedly due to a lack of customers.

The Czech Republic's light truck producer Daewoo Avia is facing the threat of losing a major foreign customer, the Russian bus producer Golaz, which failed to renew a contract with Avia after three weeks of talks in late March.

The Czech foreign trade deficit decreased by 4.1 billion CZK year-on-year to 7.2 billion in March, in line with expectations.

The Czech government has appointed the dominant fixed-line telephone operator Cesky Telecom as the national carrier, whose tasks will be to provide the state with telecoms services during emergencies or crises.

A team of French experts has ascertained that certain regions in the Czech Republic are not properly prepared to receive EU funding.

The Czech crown continued strengthening to record highs last week and on Thursday broke the psychological level of 30 crowns per euro, setting a new record high at 29.9 crowns to the euro. The Central Bank intervened against the currency, sending it back to over 30 crowns. Some experts say the crown could reach as high as 29.50 over the next few days unless the Central Bank intervenes again. Finance Minister Jiri Rusnok said that intervention was justified because the rate of the crown's strengthening does not correspond to economic

The European Commission and the Czech Republic are discussing measures which should ensure that, upon admission, the country's annual contribution to EU coffers is not higher than the amount received in EU subsidies.