Czech president to name Civic Dem leader as new PM

June 27 (Reuters) – Czech President Vaclav Klaus will name Civic Democrat leader Petr Necas as the next prime minister on Monday at 0800 GMT, he said in a television interview on Sunday.

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“Tomorrow at 10 a.m. I will name Petr Necas as prime minister at the castle,” Klaus said.

Necas is leading coalition talks with two other centre-right parties, TOP09 and Public Affairs, after the three won a combined 118 seats out of 200 in a May 28-29 election. (Reporting by Jason Hovet)

Orco shareholder challenges capital hike

PRAGUE, April 14 (Reuters) – Orco Property Group (ORCO.PA)
(ORCOsp.PR) shareholder Millenius Investments has challenged the
developer’s recent capital hikes in a Luxembourg court, it said
on Wednesday.

The group said in a statement it wanted capital increases
announced on April 8 and April 12 to be declared null and void.

“Millenius is of the view that the Board does not have the
authority to override rules that constrict the removal of
pre-emptive subscription rights, rights that are fundamental for
all shareholders,” it said in a statement.

“Less than two weeks before the general assembly planned for
April 26, shareholders find themselves in a situation where they
are deprived of the possibility of acquiring shares that are
being sold at a 30 percent discount to their market price of
recent days.”

(Reporting by Jason Hovet)

Miner NWR raises output target, coking coal prices

PRAGUE, April 14 (Reuters) – Miner New World Resources (NWR)
(NWRS.L) (NWRSsp.PR) has raised its 2010 coal production target
to 11.5 million tonnes from 11 million and agreed higher prices
on coking coal contracts over the next year.

NWR, owner of the Czech Republic’s largest hard coal mines,
said on Wednesday it had reached agreements to sell 5.5 million
tonnes of coking coal by March 2011.

Around 80 percent of those contracts were agreed at an
average price of 163 euros per tonne, up 58 percent from the
first quarter and a 87 percent rise over 2009 prices.

The remaining contracts will be set on a quarterly basis,
with the average price for the second quarter at 135 euros per
tonne, it added.
(Reporting by Jason Hovet, editing by Will Waterman)

CEZ to restart Dukovany unit 3 after re-fuelling

PRAGUE, April 2 (Reuters) – Czech power group CEZ (CEZPsp.PR) said on Friday it would restart the third unit at its Dukovany nuclear power plant over the weekend after a regular re-fuelling.

Utilities

CEZ added it would again shut units 3 and 4 at the plant in late October for 25 days.

(Reporting by Jason Hovet)

CEZ to restart Dukovany unit 3 after re-fuelling

PRAGUE, April 2 (Reuters) – Czech power group CEZ (CEZPsp.PR) said on Friday it would restart the third unit at its Dukovany nuclear power plant over the weekend after a regular re-fuelling.

Utilities

CEZ added it would again shut units 3 and 4 at the plant in late October for 25 days.

(Reporting by Jason Hovet)