Bohumil Sobotka, the finance minister, said yesterday, commenting on reported losses at Ceska konsolidacni agentura (the state bailout agency) that CEZ privatization will not be speeded up as a result; CEZ privatization will not be discussed by the Cabinet until the government’s new energy policy is set, which is expected to take approx. 12 months. Expected.
Czech Press Agency reports CEZ will probably lower the selling price for its old headquarters. Though the company seeks CZK 1 bil. at present, a lower price range of CZK 0.5 bil. - CZK 0.75 bil. seems to be more realistic, according to experts.
Jiri Soustruznik