Articles for category: Uncategorized

Milos Zeman

Vystrcil Says Zeman ‘Is Not In Good Hands’

The Office of the President of the Republic has not yet answered the chairman of the Senate Miloš Vystrčil (ODS) question regarding the prognosis of Miloš Zeman’s health condition and whether he is able to hold his office. He therefore asked the Central Military Hospital (ÚVN), where Zeman is being treated, and to his attending physician ...

Petr Kellner

Moneta Shareholders Oppose PPF Group’s Takeover Bid

Petr Kellner’s PPF Group’s second effort to take over Moneta Money Bank is once again encountering resistance from shareholders. The British fund Petrus Advisers strongly opposed the proposed transaction. In the presentation to the shareholders, they called it a poisoned offer. The fund stated that the offer is without substance and was dreamed up by ...

Tax Cuts Will Take Effect On Jan 1

The tax package will take effect in early January. The Interior Ministry has already received an order from the Chamber of Deputies to announce it. It will be published in the Collection of Laws on 31 December. In December, the bill was approved by deputies and senators. President Miloš Zeman did not sign it, but ...

Zeman Caves On Tax Cuts

On Monday, President Miloš Zeman returned the tax package without signing to the House’s Speaker, Radek Vondráček. The president has previously said that he will not veto the law allowing it to take effect. For this to happen from the beginning of January, it must be published in the Collection of Laws by the end ...

Lidl CR Sees Profit, Revenue Rise

In the past financial year, which ended on February 29 this year, the Lidl Czech Republic retail chain increased its sales by ten percent to approximately 63.6 billion crowns. Compared to the previous financial period, its net profit also increased, by about 900 million crowns to 5.8 billion crowns. Thanks to the financial year 2018/2019, ...

Home Credit Mulls Delaying Hong Kong IPO

Petr Kellner’s Home Credit is weighing postponing its IPO on the Hong Kong stock exchange to sometime next year.   Home Credit began probing demand for its shares in September, targeting a market capitalization of up to €10 billion. Potential investors think a more realistic valuation is in the range of 5-7.5 billion euros, Bloomberg ...