ČEZ, the milk cow of the state. How a semi-state energy firm is helping politicians patch holes in the budget. More than a trillion crowns

When the state budget is at its worst, it can rely on the semi-state company CEZ. Since its inception in 1992 until last year, it has already generated CZK 1.124 trillion. This applies to taxes, dividends and emission allowances, according to the data in the annual reports. Last year was a record year when...