Articles for category: Business

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Vitkovice a.s.

Losses Mount For Vitkovice: Down Kc4.5 Billion In 2017

Ostrava, North Moravia, July 20 (CTK) – Vitkovice a.s. engineering firm, the umbrella for services for its subsidiaries from former Vitkovice Machinery Group, made Kc4.5bn loss last year, Kc3.3bn higher than in 2016, spokeswoman Eva Kijonkova told CTK today.   The management ascribes the worsening to extraordinary accounting operations linked with economic development of the ...

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Milos Zeman Ye Jianming

CEFC Sells Stake In Canaria Travel Tour Operator

Prague, July 17 (CTK) – Chinese group CEFC got rid of its 49.99 percent stake in Canaria Travel tour operator which it had bought from Unimex Group and EH Group last year in October, show data from the Register of Companies where CEFC’s name is no more among the shareholders, server E15 Premium wrote on ...

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Czech Arms Exports

Arms Exports Down Kc3.5 Billion

Prague, July 10 (CTK) – Czech exports of arms and military equipment fell by Kc3.5bn yr/yr to Kc15.1bn in 2017 and arms producers were granted 1,159 export licences worth Kc21.1bn, the Industry and Trade Ministry said in a report on the export of military equipment.   There is a big difference between the number of ...

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Economia Print Publications

Economia Announces Profit Boost For 2017

Prague, July 9 (CTK) – Economia publisher generated a consolidated profit of Kc1.8m last year, with sales adding 4 percent to Kc878.6m, while a year earlier it was in the red, its loss at nearly Kc20m, Economia said in the annual report.   Digital products development is its priority this year.   Sales of newspapers ...

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Industrial Production Fell 4% In May

Prague, July 9 (CTK) – Czech industrial output rise slowed down annually to 1.4 percent in May, down from 5.5 percent in April, with the production and distribution of energy contributing the most to the growth, the Czech Statistical Office (CSU) said today.   Industrial production, adjusted for seasonal effects, rose by 2.9 percent in ...

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Hennlich pump

Record Sales For Hennlich Pump

Litomerice, North Bohemia, July 8 (CTK) – Sales of Hennlich, a company producing industrial equipment, topped Kc800m for the first time last year, displaying an annual rise of 11 percent, thanks to a good performance of the Czech economy, the car industry in particular, Hennlich said.   Czech industry posted an annual growth of 6 ...

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Turn Over, Profits Up At PSP Engineering

Prerov, North Moravia, July 8 (CTK) – PSP Engineering, a major Czech supplier of complete plants for building material and mineral processing industries, saw its 2017 sales rise by 38 percent to Kc616m, its profit growing to Kc11.7m from 2016’s Kc4m, the company said in its annual report.   The sales figure reached levels seen ...

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Czech Agriculture

CSU Forecasts Harvest Of Basic Cereals Down

Prague, July 4 (CTK) – The Czech Republic’s harvest of basic cereals will drop by 8.2 percent to 6.298 million tonnes this year, while rapeseed harvest will grow by 6.5 percent to 1.221 million tonnes. according to first estimates, the Czech Statistical Office (CSU) said today.   The fall in the harvest of basic cereals ...

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CEZ Energy Leaks Possible Criminal Act

Prague, July 4 (CTK) – A possible leak to Bulgaria’s government about CEZ energy group’s plan to sell its Bulgarian assets was close to a criminal offence, Vaclav Paces, former chairman of CEZ’s supervisory board, told the server Neovlivni.cz.   He admitted the investigation into the case launched by CEZ in the spring, when he ...