CEZ: ODS may step down from selling part of CEZ’s state stake
According to HN daily, ODS and CSSD could find common language about not selling part of CEZ’s stake. CSSD will propose ODS other solution to raise CZK 31bn, which current government is seeking for 2007 budget. Ministry of Finance said that ODS is ready to negotiate this issue in order to get a support for 2007 budget.
Our view:
CSSD previously proposed to privatize Prague airport in order to raise required proceeds, however ODS sees this income as unstable. Political parties soften their attitude in past days as they are afraid of provisional budget if there isn’t enough of political will to support the budget proposal. Parliament will discuss 2007 draft budget tomorrow. For the moment we see this news as neutral.