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The state will pay an interest of some CZK 200 million to the Czech Central Bank if it goes ahead with the loan of EUR 1.5 billion to the International Monetary Fund, Finance Minister Miroslav Kalousek (TOP 09) yesterday told the television station Prima Family.

Negotiations about the sale of Czech L-159 fighter planes to Iraq continue, as no decision was made yesterday, the Government Office told ČTK following Czech Prime Minister Petr Nečas's meeting with an Iraqi government delegation.

The public broadcaster Czech Radio's (ČRo) news station Rádio Česko (Radio Czech), which broadcasts on the frequences of the BBC Radio for six hours a day, won't be further developed, its head Václav Sochor told E15.cz news server.

QNUPS (Qualifying Non UK Pension Scheme) are Non-UK Pension Schemes that provide both Inheritance Tax protection and gross growth within the fund.

The government wants to reduce the administrative burden for businesses by 30% by 2014, Prime Minister Petr Nečas said yesterday.

More than 3,000 Czechs purchased over 12 square kilometres of land mostly on the Moon before Christmas, Filip Rajchart, executive of the Galactic Agency, told ČTK yesterday.

Don't simply retire from something; have something to retire to. ~Harry Emerson Fosdick

The pension system lacked some CZK 39.1 billion at the end of November, according to the data released by the Czech Social Security Administration yesterday.

Companies in the Czech Republic that illegally employ foreigners will be fined up to CZK 5 million and lose the right to public orders and state subsidies, under the government's draft amendment to the employment bill that passed through the Senate Friday.

The money transferred from the Prague Transport Company (DPP) to British Virgin Islands has returned to the Czech Republic to people linked to DPP, former intelligence service chief Karel Randák of the Anti-Corruption Fund Foundation said in a TV debate yesterday.

Hospitals next year should get up to three percent more in healthcare funds than in 2010, Health Minister Leoš Heger said yesterday. According to the minister, the increase should free-up state hospitals to pay rises for doctors of at least 6.25%. Heger suggested under certain circumstances the number could rise to the 10% requested by doctors' unions.

The Letecké opravny Malešice (LOM) aircraft repair plant will remain a state firm and will not be privatised, but the state wants to sell a part of its property, including lucrative plots in Prague, Defence Minister Alexandr Vondra said in today's Hospodářské noviny. The hundreds of millions of crowns the state expects to gain for the plots in Prague-Malešice alone will be spent on the LOM's modernisation, Vondra said.

Swiss investigators have estimated the loss caused by the managers of the MUS coal-mining firm to the Czech Republic through its privatisation deal in the late 1990s at over CZK 8 billion, the latest edition of weekly Respekt has written.

Swiss prosecutor Graziella de Falco Haldemann informed the Czech Finance Ministry a month ago who and how exactly cheated the Czech Republic in the dubious privatisation deal of the MUS coal-mining firm in the late 1990s, daily Mladá fronta Dnes writes Saturday.

The Czech Republic will claim CZK 12 billion from the dubious privatisation deal of the Mostecká uhelná společnost (MUS) coal-mining firm frozen in Swiss accounts, Prime Minister Petr Nečas said after a government meeting Friday.

Nine Czech firms were presented with the Ethnic Friendly award for fair treatment of employees from minority groups by IQ Roma servis and Romea associations Tuesday.

Petr Kosiner has succeeded in making and selling the most traditional Czech dish - dumplings, and in the summer he opened the first shop offering exclusively his dumplings of various kinds in Prague, Respekt writes.

The Czech Republic cannot demand to be compensated for damage in the Swiss criminal proceedings on the controversial privatisation of the Czech MUS coal mining company, Aktuálně.cz writes Sunday, citing the Supreme State Attorney's Office.

Increasingly more consumers are interested in Czech-made food and hand-made products and services, daily Hospodářské noviny (HN) reported yesterday.

The Czech Omnipol arms dealer must pay a fine of more than CZK 2 million to the Defence Ministry for delivering older anti-tank missiles than it promised to the military in 1998, the Prague City Court ruled Wednesday, rejecting Omnipol's appeal against the fine.