Privatization of major Czech state companies

Czech government plans to privatize important companies such as Budvar, Prague Airport, Czech Airlines (CSA) and a part of the Czech Post. Also privatization of CEZ, the big power company, is considered.

7% of CEZ shares will be sold already this year, to gain 31 milliards CZK for building motorways and repairing roads. Privatization of the other companies is now prepared by the Ministry of Finance.

In case of Budvar company, producing the famous beer, there will be some special conditions, such as using the traditional technology. In privatization of the Prague Airport Ruzyne, there will be probably a minimum price set by the government.

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