OKD investigatory commission to file 14 criminal complaints The OKD investigatory commission announced that they intend to file criminal complaints against fourteen people concerning the companies privatization. Former prime minister Bohuslav Sobotka and businessman Zdenek Bakala were among those named by the commission. Lubomir Zaorálek: No evidence to support OKD criminal complaints […]
Hyundai’s Nošovice plant has produced its one-millionth Hyundai Tucson. The Tucson was the first sport-utility vehicle manufactured in the Czech Republic. Production of Tucson began in Nošovice in June 2015. Of the 1,500 cars the factory produces every day, nearly 1,100 are Tucson’s. The automaker also produces five versions of the Hyundai i30. […]
Moody’s upgrades Czech Republic credit rating Moody’s Investors Service upgraded the Czech Republic’s credit rating one level to Aa3 from A1. Moody’s cited Czechia’s low debt and budget perfomance as key factors in its decision to raise the countries credit rating for the first time since 2002. Moody’s adjusted their outlook rating for the […]
An Interview with Radmila Kuzicova, CEO Asental Group Asental Group CEO Radmila Kuzicova was interviewed by the Czech daily newspaper MF Dnes – Moravskoslezský. Radmila Kuzicova spoke to MF Dnes about the unique challenges female business leaders face, Asental’s Barbora project in Karviná, and what its like to work for Zdenek Bakala. Radmila Kuzicova has […]
An interview with Zdenek Bakala The daily newspaper Denik N published an interview with Czech entrepreneur and philanthropist Zdenek Bakala today. In which Mr. Bakala shares his insights on business, the state of politics, OKD, and the importance of a free and independent media. The interview was conducted by email. Mr. Bakala’s lawyers provided responses […]
The High Court in Prague upheld the regional courts ruling rejecting the reorganization of Heavy Machinery Services (HMS) and has ordered bankruptcy liquidation for the company’s assets. Legios Loco owes its creditors almost 3.3 billion crowns. According to the court, the company repeatedly disregarded interim measures that prohibited HMS from making larger payments without […]
The Czech competition watchdog UOHS has blocked a $455 million highway toll contract between the state and the Czech Toll/Sky Toll consortium, potentially allowing current operator Austrian company Kapsch to continue running the concession. UOHS cited concerns about how an April 2018 tender process for the contract was run but said on Thursday it […]
Petr Kellner’s investment group PPF, is the last remaining bidder to buy Central European Media Enterprises (CME) from AT&T, hlidacipes.org reported. According to sources close to PPF, the price demanded by the Americans for CME (a group of 30 television stations in Central and Eastern Europe) is expected to be around CZK 47 billion. The […]
Euro.cz has published a preview of this years richest Czechs and Slovaks. And the rankings have shifted over the past year. Petr Kellner remains the richest Czech. Andrej Babis, no longer in second place, due to declining profitability and growing debt of Agrofert, finds himself in fourth, overtaken by Radovan Vítek and Karel Komarek. […]