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 ...
Zdeněk Bakala, former owner of OKD company, reacts on the mining company’s lawyers’ claims that OKD’s value in 2006 was negative. The value of the OKD mining company in 2006 was supposedly minus CZK 1.6 billion, according to the lawyers of OKD Recievables management (SP OKD), a company that takes care of finishing the ...
Almost three years after the initiation of insolvency proceedings against OKD, Zdeněk Bakala, the mining company’s former owner, has weighed in on its collapse. Zdeněk Bakala, former OKD majority owner, will not enter the proceedings determining the validity of the Citibank company’s claim. It is in the conclusion of a statement that Bakala sent ...
The Ostrava District Court dismissed ARC equity services, headed by billionaire Pavol Krúpa, Residomo and RPG Instrustries in the sale of former OKD flats. The court dismissed the claim for damages, which, according to the plaintiff, was supposed to arise to the tenants by not having the possibility to purchase the flats of the ...
Bakala and Kadas do not have to return CZK 12 billion of dividends, British court ruled. Businessmen Peter Kadas and Zdeněk Bakala, former owners of NWR, were victorious in court this week. The High Court of Justice in London decided they do not have to return dividends, which their company CERCL Mining paid itself in ...
A businessman who became one of the richest in the Czech Republic a decade ago now says he’s besieged by phony protesters dressed as coal miners demonstrating outside his estate in Hilton Head Island, South Carolina. Zdenek Bakala claims the people who marched through the streets of the coastal resort town in August chanting “Bakala is a creep! ...
Prague, July 18 (CTK) – Czech President Milos Zeman accepted Petr Krcal’s resignation as labour and social affairs minister today, his spokesman has announced, while Zeman told CTK earlier today that will meet and probably appoint Krcal’s proposed successor Jana Malacova (both Social Democrats, CSSD) next week. Earlier today, Krcal’s resignation letter was conveyed ...
Prague, July 9 (CTK) – Economia publisher generated a consolidated profit of Kc1.8m last year, with sales adding 4 percent to Kc878.6m, while a year earlier it was in the red, its loss at nearly Kc20m, Economia said in the annual report. Digital products development is its priority this year. Sales of newspapers ...
Prague, March 9 (CTK) – Czech President Milos Zeman gave way to his vengefulness in his inauguration speech on Thursday and tainted the solemn event by latent settling of personal accounts, the Vaclav Klaus Institute (IVK), established by Zeman’s presidential predecessor, has written on its website. It was inappropriate of Zeman to make unnecessary ...
