Saturday, 25 April 2015
Business | Radio Prague

The European Commission's long delayed decision to launch proceedings against Russian state gas exporter Gazprom for alleged abuse of its dominant position on various markets in the EU garnered quite a lot of attention on Wednesday.

Business | Real Estate | The Prague Post

A new luxury complex called Marina Island is being built in Prague's Holešovice district by developer Daramis in association with Lighthouse Group. The five residential buildings are being built on a peninsula that was formerly used as an industrial port.

Business | Reuters

Poland's largest oil refiner PKN Orlen is eyeing potential takeovers of petrol stations in Germany and the Czech Republic to increase its share of the retail market, the company said on Thursday.

Business | The Economic Times

Volkswagen's Czech unit Skoda Auto has reached an agreement with trade unions on a 3.5 percent wage hike, the carmaker's main union group said on its website.

Business | CIA News

Unipetrol reported net profit of CZK 1.99bn for Q1 2015. Earnings before interests, taxes, depreciation and amortisation (EBITDA LIFO) totalled CZK 3.11bn. The firm’s turnover dropped by 16% y/y to CZK 23.97bn, due to lower crude oil prices.

Business | CIA News

DHL Freight will invest primarily into the development of its own vehicle fleet. The company hopes that the acquisition of its own truck fleet will provide it with higher flexibility for non-standard customer solutions and transports.

Business | Radio Prague

The Czech Republic stands to lose around CZK 1.8 billion after an insolvency administrator rejected all of its claims against Viktoriagruppe, a company that administered some of the country's strategic oil reserves in Germany but went bankrupt last September. The Czech side is threatening legal action. At stake are tens of millions of litres of Czech-owned diesel – around 15% of the country's oil reserves.

Business | Reuters

General Electric (GE) will sell its Czech banking unit within two years, the bank's Chief Executive Sean Morrissey was quoted saying on Wednesday in newspaper Hospodářské noviny.

Business | ČTK

The Czech Defence Ministry will set aside 7.3 billion crowns for the development of the air force until 2021, including the upgrading of the helicopter fleet and the purchases of radars and other technology, minister Martin Stropnicky said after a government meeting Wednesday.

Business | Radio Prague

Prague hotels have upped their prices by between 12 and 20 percent at the start of May for the ice hockey world championships being hosted by the capital and Ostrava. The price hikes were announced by the Czech Association of Travel Agencies.

Business | Radio Prague

The Czech-Slovak investment group Penta wants to go ahead with its plan to transform Letiště Vodochody into a second international airport serving the Czech capital. However, the Czech state does not seem to be in favour of the project, which would compete with the state-owned Václav Havel Airport in Ruzyně. The new airport, which was originally planned to open in two years' time, would target charter and low-cost airlines and could handle up to 3.5 million passengers annually.

Finance | Radio Prague

Adoption of the euro is not a burning issue in the Czech Republic at the moment for most of the population. But for one man, head of state president Zeman, the issue should urgently be ignited and turned into an informed political debate over whether and when the switch from crown to euro should take place.

Business | Thenews.pl

Prime Minister Bohuslav Sobotka has signed a deal with his Polish counterpart Ewa Kopaczer for a partnership on the delivery of gas between the two countries.

Finance | Bloomberg

Czech central banker Jiří Rusnok, the Czech president's top pick to lead the monetary authority next year, disagreed with his ally's view that a cap limiting koruna gains has delayed potential euro adoption.

Finance | Radio Prague

Some 85 percent of Czechs are opposed to the adoption of the common European currency within the next two years, suggests an opinion poll conducted by the agency Ipsos.