The auction hammer has come down on a significant part of the Poldi Steelworks, an iconic part of the Czech industrial landscape and for around 100 years a byword for quality and innovation in the sector. The winning offer came in at 261 million crowns after two bidders slugged it out for around half […]
Prague, April 12 (CTK) – J&T Banka providing private banking services more than doubled its net profit year-on-year to Kc2.2bn in 2017, and its total assets rose by 7 percent to Kc143bn, the bank told CTK in a press release today. Banks in the Czech Republic reported a total net profit of Kc75.9bn in […]
Prague/London, April 12 (CTK) – Avast, originally a Czech security software company, wants to acquire some USD200m in May by listing a share issue on the London Stock Exchange (LSE), the company said in a press release today. Avast thus plans to cut debts and finance its further growth. According to information from […]
Karvina, North Moravia, April 10 (CTK) – Czech black-coal mining company OKD generated a Kc3.4bn profit on sales of Kc16.8bn last year, creating enough liquidity for OKD’s further operations, insolvency administrator Lee Louda told CTK today. OKD was sent into insolvency in May 2016. Since last week it has been in the state’s hands […]
Prague, April 8 (CTK) – The Czech Republic’s unemployment rate decreased to 3.5 percent in March from 3.7 percent in February, according to estimates of analysts approached by CTK. The drop was caused by economic growth together with demand for employees and start of seasonal jobs. The Employment Office will release employment data […]
Prague/Hradec Kralove, East Bohemia, April 8 (CTK) – International steel maker ArcelorMittal wants to sell its plant in Ostrava, northern Moravia, with representatives of the company discussing the sale with the Czech Industry and Trade Ministry on Friday, according to the Seznam Zpravy server. ArcelorMittal Ostrava (AMO) steelworks employs about 7,000 people. By […]
Prague, April 6 (CTK) – Czech retail sales, excluding motor vehicles, decelerated their annual growth to 6 percent in February, down from the revised 8.4 percent in January, and a rise in sales via mail order houses and via Internet had the biggest impact, the Czech Statistical Office (CSU) said today. The 6 percent […]
Prague, April 5 (CTK) – The volume of trading in shares on the Prague Stock Exchange (BCPP) keeps falling, in the first quarter of this year it reached Kc39.5bn and was Kc1bn lower than a year earlier, according to information from the BEPP. The BCPP celebrates 25 years of existence these days. Traded […]
Prague, April 5 (CTK) – The Czech state promised Kc10.7bn worth of investment incentives to 74 projects in 2017, providing aid to investments worth a total of Kc45bn, and the number of jobs companies should create in the future reached 8,260, according to the latest data of CzechInvest agency. Data on total investments arranged […]