Summary of newspapers of the previous day – 28.6.2006

Three interested subjects remained in tender for Setuza debt, the most is offered by PPF

Three interested subjects stayed in a tender for sale of four-milliard demand of the company Setuza. The most, 815 million crowns, were offered by AB Credit belonging in the group PPF. Eagle Crest from group participating in financing of Setuza is willing to pay the second biggest sum, 763 million crowns. The third in order with an offer 702 million crowns is Campaspol, a corporate firm of German company Campa and Czech Spolchemie. It results from information which the Minister of Agriculture, Jan Mládek, said after government negotiation today to journalists.

Future changes of world markets of cereals and oil plants with biofuels

In the context of technological progress and fast growing demand for biofuels according to field specialists in next 15 years significant changes of world cereal market will happen.

Food chamber does not like coalition VAT

Federation of the Food and Drink Industries of the Czech Republic (Food Chamber CR) is strongly anxious about a part of coalition agreement on value added tax which delimits foods which will be excluded from unified rate and ranked in a favoured one. FCH recommends so that all food were in the same VAT rate as it is now. This tariff should be as low as possible, especially because of financial impacts on a consumer. “Food distribution in various group, moreover according to an unclear system, will have negative impacts of both a consumer and state tax yields and the whole tax system”, a director of the Chamber, Miroslav Koberna judges.

Vine growers will start advertising campaign for tens millions

People will not see soon only advertisements for beer on TV but producers will attract them also to wine. They will offer it also in newspapers. Vine growers start the biggest advertising campaign in its history. They wants to invest in it tens millions crowns yearly. The wine producers have already had elaborated a wide survey which should advise them to promote their wines better.