The provincial government of Upper Austria has filed legal action in an Austrian court against CEZ related to the Temelin nuclear power plant. CEZ said in reaction that it built Temelin in accord with Czech law and standards and does not see how the Austrian suit could affect its operations.
Separately, Austrian chancellor Wolfgang Schussel criticized Joerg Haider’s campaign to block the Czech Republic’s accession into EU related to Temelin.
Temelin should be reactivated in the first half of August.
Unlikely to have an impact on the stock.
(Jiří Soustružník)