Prague, March 21 (CTK) – PPF investment group of richest Czech Petr Kellner has agreed with Norway’s company Telenor to buy its mobile operators in Hungary, Bulgaria, Montenegro and Serbia, for which it will pay EUR2.8bn (about Kc71bn), with the deal waiting to be approved by respective antitrust offices, PPF said in a press release […]
Prague, March 18 (CTK) – Net earnings of Czech energy group CEZ increased by 29 percent yr/yr to Kc18.8bn last year, its sales staying at the 2016 level of Kc203.7bn, according to analysts polled by CTK. CEZ will make public its business results for last year on Tuesday. The net profit rose by […]
Prague, March 18 (CTK) – Next year may see a slowdown in wage growth in the Czech Republic, and an ideal option would be if wages grew at a similar rate as the country’s real gross domestic product (GDP), that is at some 4 percent, Czech National Bank (CNB) governor Jiri Rusnok said today. […]
Ostrava, North Moravia, March 16 (CTK) – The Regional Court in Ostrava gave the green light to reorganisation of Vitkovice Heavy Machinery today, based on a decision of a single judge, appointing an insolvency administrator and a creditor committee, according to information in the insolvency register. Konreo company has become the insolvency administrator. Vitkovice Heavy […]
Prague, March 13 (CTK) – Chinese investment group CEFC’s Lapasan company, the owner of Pivovary Lobkowicz Group (PLG) brewery, borrowed Kc1bn from Slovak Postova banka belonging to J&T Finance Group in 2017 and used it to refinance a debt it owed to CEFC Group (Europe) Company, an appendix to Lapasan’s 2016 annual report said. […]
One of the Czech Republic’s biggest engineering groups appears to have been thrown a lifeline by one of the country’s main arms producers and sellers. Under the proposed rescue plan, Vítkovice Heavy Machinery, which employs around 1,000 mostly around Ostrava, will be heading into new hands. Vítkovice Heavy Machinery is one of the Czech Republic’s […]
Prague, March 12 (CTK) – The completion of Chinese investment group CEFC’s long prepared buying into J&T Finance Group is unacceptable if CEFC does not satisfactorily refute information about its crucial economic problems and clearly explain investigation of its chairman for suspected economic crimes, J&T told CTK today. CEFC Group (Europe) Company considers the […]
PRAGUE — The Czech government has canceled a deal that could have given an Australian company the right to mine a huge deposit of lithium, a key component in electric batteries. Trade and Industry Minister Tomas Huner said Thursday he had informed the European Metals Holdings company he considered the deal invalid. Huner […]
Prague, Feb 28 (CTK) – Bulgarian Prime Minister Boyko Borisov called Czech Prime Minister Andrej Babis on Tuesday in regard to CEZ energy group selling its Bulgarian assets, Babis told journalists today, denying sending Borisov documents on the issue. Borisov said he had received confidential documents from Babis stating that Russian-Georgian companies based in […]