Articles for category: Business

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czech steel plant

Steel Union Bashes Trump Over Protectionist Customs Duties

Prague, May 31 (CTK) – By imposing customs duties on steel from the EU, US President Donald Trump continues attacking the global free trade system, the Czech Steel Union said in reaction to today’s decision of the White House.   The Chamber of Commerce noted that the USA itself owes its development and economic strength ...

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PPF’s Home Credit Groups Profit Plunge

Prague, May 30 (CTK) – Home Credit group, a consumer loan provider, made a EUR31m (some Kc800m) loss in the first quarter of this year, plunging from a EUR80m (about Kc2.1bn) profit annually, which was caused by the turbulent development on the Chinese consumer loan market, the company said in a press release today.   ...

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Construction Site

Profits Up At VCES Construction

Prague, May 30 (CTK) – Czech construction company VCES, a part of French group Bouygues, managed to generate a Kc2.2m profit in 2017, after making a Kc63.3m loss in 2016, and its sales rose annually by a half to Kc2.95bn, the company said in its annual report listed in the Register of Companies.   The ...

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Iran Czech Republic Trade

Trade Mission To Iran Postponed Due To US Sanctions

Prague, May 29 (CTK) – Industry and Trade Minister Tomas Huner will not go to Iran with representatives of Czech firms in late June since the visit has been indefinitely postponed over the development related to the American sanctions against Iran, daily Lidove noviny (LN) writes today.   “The Foreign Ministry did not recommend the ...

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Ceska Zbrojovka Employee Models Assault Weapon

Record Profits For Arms Manufacturer Ceska Zbrojovka

Uhersky Brod, South Moravia, May 29 (CTK) – Firearms maker Ceska zbrojovka group made a record Kc625m profit last year, up almost Kc28m against 2016, and its revenues were also record, they grew from Kc4,101bn to Kc4.523bn, vice-president for external communication Radek Haureland told CTK today. The company’s financial statement was approved at today’s general ...

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UNIQA Pojistovna

UNIQA Pojistovna’s Revenues Jump To Kc1.7 Billion In Q1

Prague, May 28 (CTK) – UNIQA pojistovna, ranking among the eight largest insurers on the Czech market, collected Kc1.7bn in premiums in the Jan-March period, 4.7 percent more in annual terms, the insurer’s spokeswoman Eva Svobodova told CTK today.   Insurers’ billed premiums totalled Kc34bn this year, displaying an annual hike of 4.3 percent.   ...

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Milos Zeman Ye Jianming Xi

CEFC Europe Names New Management Team

Prague, May 28 (CTK) – CEFC Europe company named new statutory bodies today, Jaroslav Tvrdik is deputy chairman of its board of directors again and Marcela Hrda is also its member, the company’s spokesman Pavel Bednar told CTK.   J&T’s crisis management, appointed by J&T group to protect its claims, has thus ended. Rainbow Wisdom ...

Matt Atlas

trinecke zelezarny

Třinecké Železárny Signals Interest In Acquiring ArcelorMittal Ostrava

The first steps, or at least courtship, in a marriage between two of the biggest Czech steelmakers, Třinecké Železárny and ArcelorMittal Ostrava, appears to be on course.    Steelmaker Třinecké Železárny confirmed to the business daily E15 that it has asked for sale details about fellow Czech steel producer ArcelorMittal Ostrava.   ArcelorMittal Ostrava is ...

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Veolia Energie

Veolia Energie Profits Skyrocket Over Kc1 Billion

Ostrava, North Moravia, May 27 (CTK) – Veolia Energie CR, a leading Czech producer and supplier of heat and electricity, almost tripled its profit to Kc1.02bn in 2017 in annual comparison, while its sales dropped by 3.9 percent to Kc7.25bn, the company said in its annual report.   Last year was successful, according to the ...