TNBiz (TNBiz)
Markets  |  May 06, 2012 14:43:52

Philip: You must change the law on state enterprises, the need for the removal of the Forests CR was legal

PRAGUE (MEDIAFAX) - President Filip considers it necessary to change the law on state enterprises, to drain funds from the Forests CR was legal. Philip said in Sunday's Czech Television Questions of Vaclav Moravec.

"We need to change the law on state enterprises in order to have clear rules on how to manage," said Philip with the fact that it is not about to issue four billion, or a different amount, and suddenly had no investments. "It must have some rule. I think it is necessary to change the law on state enterprises, because it is necessary that the conscription was legal," said Philip.

"The law need to be adjusted, in that I totally agree," said he Chairman of the Forests of the CR Miroslav Zamecnik.

The government has approved the annual transfer of four billion of the state enterprise Forests of the CR, the money to "improve" the state budget. Forests of the various managers have saved about 13 billion of free money. However, there are age-old dispute about whether the state can collect their free money from state enterprises and from the Forests of the CR.

Forests of the Czech Republic are state-owned company that has the right to manage state assets and does not own property. Ownership status and situation of Forests Republic is regulated by the state enterprise. Ministry of Agriculture in relation to the state enterprise Forests of its founder and has the rights and obligations of the State Enterprise Act. Last year, the state company achieved record gross profit of CZK 5.275 billion, representing an annual increase of 67 percent.

Libor Popel,

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