Wednesday, 29 July 2015


Czech groups bid USD 1.2 bln for PKN Orlen's Unipetrol

Reuters |
29 July 2015

Czech energy holding EPH and investment group PPF have submitted a joint bid of about CZK 30 billion for downstream oil company Unipetrol, Hospodářské noviny said on Tuesday. Unipetrol is 63 percent owned by Poland's PKN Orlen, whose biggest shareholder is the Polish state. Citing unnamed sources, the newspaper said PKN Orlen would take until the end of the summer to consider the offer and was hiring an investment bank.

Czech court rules against national tax on carbon permits

Reuters |
15 July 2015

A Czech court has ruled against a tax imposed on carbon emission allowances granted free to companies, opening the way for state-owned electricity producer ČEZ to claim back CZK 5.3 billion from the government.

Governor: Central bank to keep crown cap till H2 2016

Reuters |
10 July 2015

The Czech central bank will maintain its policy of keeping the crown weak at least until the second half of 2016, Governor Miroslav Singer was quoted as saying on Thursday, reiterating the board's statement from its last policy meeting.

US crude exports would help Europe, Czech Republic says

Reuters |
10 July 2015

Lifting the US ban on oil exports would bolster energy security in Europe by allowing countries to find alternative sources, the Czech Republic ambassador to the United States told lawmakers considering a bill to do away with the trade restriction.

Hampl: should exit FX commitment once policy tightening needed

Reuters |
9 July 2015

The Czech National Bank (CNB) should exit from its weak crown policy only when monetary policy tightening is needed and the need is strong and durable enough, Vice-Governor Mojmir Hampl said in a presentation released by the CNB on Wednesday.

Toyota-Peugeot Czech car plant raises production by 38%

Reuters |
8 July 2015

Toyota Motor Corp's and PSA Peugeot Citroen's car factory in the Czech Republic increased first-half production by 38% to 114,694 vehicles thanks to the launch of new models, the company which operates the joint venture said on Tuesday.

Albanian police catch suspected killer of Czech tourists

Reuters |
7 July 2015

Albanian police on Sunday arrested the suspected killer of a Czech couple who were shot dead while driving in the Theth area, a mountain wilderness popular with European tourists.

Tests show hospitalized Czech man does not have MERS

Reuters |
18 June 2015

Tests showed a Czech man hospitalized in Prague with suspected Middle East Respiratory Syndrome (MERS) does not have the potentially deadly virus, Health Minister Svatopluk Nemecek said on Wednesday.

Czech stress tests show financial sector more resilient to shocks

Reuters |
17 June 2015

The Czech financial sector's already strong resilience to potential adverse shocks has improved and the risk of excessive lending growth remains low, central bank stress tests showed on Tuesday.

PPF buyout offer for Czech O2 shares to run until July 13

Reuters |
16 June 2015

PPF's buyout offer for shares in telecoms companies O2 Czech Republic and CETIN will run until July 13, the Czech investment group said on its website on Monday.

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