Czech Insider: Travel firms lobby against Egypt alert

Czech Insider

25. 6. 2012 11:00

What can you find in this week's issue of investigative weekly Czech Insider?

Aktualne.cz CzechNews brings you a taste of this week's issue of its partner publication, English-language investigative weekly Czech Insider.

The new issue will be available here at 4 PM (CET).

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Travel agencies lobby Foreign Ministry to declare Egypt safe

Behind the scenes - At the beginning of June, the Foreign Ministry advised Czech tourists in Egypt to avoid travel to the Sinai peninsula, including the much-visited Sharm el-Sheikh resort. Two days later, the ministry reduced the travel alert, saying that the south part of the peninsula including Sharm el-Sheikh was safe, and the danger was limited to the northern part and the Taba resort. (Read more here)

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EP Holding: New rival to CEZ, created by CEZ

Analysis - There is a new energy empire emerging in the Czech Republic that can rival the dominant position of state-owned heavyweight CEZ. In 2010, the companies belonging to EP Holding made CZK 50 billion in revenue and CZK 9 billion in net profit. EP Holding's revenue thus equaled 25 percent of the annual revenue of CEZ. Ironically, EP Holding would have never emerged without the active support from CEZ. (Read more here)

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EC won't resume EU funding until October

Revealed - The European Commission (EC) will not resume EU funding for the Czech Republic until October 2012, and even this date is far from definite. The European Court of Auditors (ECA) said this to the Czech government's representatives in a special 7-hour session on Monday 18 June. Czech Insider learned this information from a trusted source close to the negotiation process. (Read more here)

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Czech Insider is an English-language weekly edition of Deník Insider ("Insider Daily"), a Czech subscription-only daily newspaper prepared by the creators of Aktualne.cz that provides original investigative insight into the top tiers of Czech politics and business.

Every Monday at 4 PM (CET), Czech Insider publishes the English translation of the most important stories from the previous week. You can get your subscription here or try a 14-day trial version.