Articles for category: Business

04/11/2017

Petr Dubinsky

Business

EPH Chairman Daniel Křetínský Moves to Acquire Skoda Transportation

Investor Daniel Kretinsky, the majority owner of central European energy group EPH, is near a deal to buy Czech bus and rail car manufacturer Skoda Transportation, a source with knowledge of the talks said on Friday.   The deal is not yet finalised, the source said, confirming Czech media reports. The source said that Kretinsky, ...

03/11/2017

William Malcolm

Business

Central Bank Hikes Rate, But Signals Patience

The Czech central bank delivered its second interest-rate hike of 2018, but its message that it won’t be in a hurry to further raise borrowing costs in one of Europe’s best-performing economies drove the koruna to a two-week low. The bank increased the benchmark rate to 0.5 percent from 0.25 percent on Thursday, the second ...