Business

Daniel Kretinsky and Patrik Tkac
Vesa Equity Investment Ups Its Stake In French Retailer Casino

Private equity firm Vesa Equity Investment increased its holdings in French retail group Casino to 5.64 percent from 4.63 percent. Mr. Kretinsky and Mr. Tkac secured the additional shares via Vesa Equity Investment on 17 January. Since September, Křetínský and Tkáč have had a 4.63 percent share in a French company and now have increased […]

Crown Hits 7 Year High Against Euro

The Czech crown strengthened by six cents to the euro to 25.11 CZK / EUR on Wednesday, the strongest in seven years. CNB board member Vojtech Benda said the central bank expects the crown to strengthen further, albeit not as strongly as in 2008 and 2009 Against the dollar, the Czech currency strengthened by 11 […]

Debt Hits 1.8 Trillion In Q3

Czech government debt grew by CZK 5.4 billion to CZK 1.7835 trillion last year. However, the debt ratio fell by 1.91 percentage points to 31.97 percent of gross domestic product (GDP). According to data published today by the Czech Statistical Office. Compared to the second quarter, debt fell by CZK 33.8 billion, and the debt […]