According to Martin Bursik, Head of the Green Party, which has been recently gaining preferences (10%), CEZ should be privatized within 4 years. Privatization of CEZ is supported by the right wing OSD, Green party and Christian Democrats while opposed by the Social Democrats and Communists. The Social Democrats argue that privatized CEZ would not consider the people’s needs and that the state should also benefit from CEZ’s expansion abroad. Therefore, the result of the upcoming elections (June 2006) should be crucial for potential privatization of CEZ, which we do not expect to happed before 2007. Note that according to the latest poll, preferences of ODS reach 24% Social Democrats 15% and Communist 11% (Source: SC&C). We view the news as neutral and reiterate our Hold recommendation.