CEZ: Adding to previous information, the Prime Minister Jiri Paroubek announced that the government will respect the public's opinion concerning mining limits, which should be to favor breaking the limits, in our opinion. The Czech Government will discuss mining limits in a few weeks. CEZ is sensitive to the issue of mining limits given its need to replace its existing coal reserves. Assuming the current mining limits are left unchanged, CEZ will be able to replace only about 45% of its coal reserves. This figure would rise to 69% should the limits be broken. The impact of this news should be neutral for today’s trading. We reiterate our BUY recommendation.