Written by: Anita Lišková
LEGISLATION: New rules for bankruptcies
Justice minister Pavel Němec and vice premier Martin Jahn plan
to submit comprehensive modification of the law on bankruptcy by
the end of 2004. The new so-called "insolvency law" will
bring basic changes in the course of bankruptcy proceedings and
marked strengthening of the rights of creditors, who will have
direct influence on the selection of an administrator. The law
also relies on the introduction of a public electronic register,
which will allow a broad circle of interested parties to more easily
access information on the course of proceedings. There will be
an independent method for resolving bankruptcies of financial institutions,
as current practices have demonstrated that current methods for
resolution are inadequate.
INTERNET: Affordable internet
Starting next year, services connected with registering and maintaining
domains will become more affordable. "We expect all providers
to cut the price for original registration and fees for annual
domain administration by CZK 100. The prices of CZ.NIC will de
facto copy this decline," says Jan Horna, owner of HorMart,
which monitors Czech web hosting. It was CZ.NIC, the association
for domain administration, that announced price cuts for domain
name registration, as of 1 January 2005, from CZK 400 to CZK
300, and annual administration costs from CZK 600 to CZK 500.
This wholesale price decrease will also be reflected in fees
charged by the 17 existing commercial registrars, and the end
user will be able to acquire a domain for less than the current
CZK 500. The total number of registered Czech domains (those
with the .cz suffix) already exceeds 177,000.
RETAIL: More buying "bio"
Czech biogroceries vendors and producers expect 20-30% market growth
in the next five years. In 2003 biogroceries sales reached CZK
180 million, a growth of over 16%. Ecological agriculture and the
bioproducts market in the Czech Republic are stimulated mainly
by high demand abroad, better information, and rising compensation
payments for producers. "Supply is also rising markedly because
of the duty-free zone in the EU, and the fact that in the EU-certified
biogroceries no longer need to be recertified in the Czech Republic," notes
Tom Václavík, representative of the Green Marketing agency. Today,
Czech producers are able to sell nearly 100% bioproduction, which
is about 25% more expensive than comparable mainstream commodities.
The Czech biogroceries market is one of the most developed in central
and eastern Europe, however, the share of biogroceries in this
country is less than 0.1% of total food consumption (in tons),
while the EU average is considerably higher, at 2-3%.