Thursday, 28 May 2015


HN: Czech central bank to debate limiting bond purchases by banks

Reuters |
22 May 2015

The Czech central bank's board will debate limiting Czech state bonds purchases by local banks, to help protect the banks from any deterioration in the country's financial health, the newspaper Hospodarske Noviny said on Thursday.

Czech Philip Morris Q1 revenue falls 17% to CZK 2.32 bln

Reuters |
19 May 2015

May 18 Czech tobacco firm Philip Morris CR posted first-quarter revenue net of excise and value-added taxes of 2.32 billion Czech crowns ($97.01 million), down 17.2 percent on the year, it said on Monday.

Government moves to scrap pension rule change as of 2016

Reuters |
19 May 2015

The Czech centre-left government sought on Monday to scrap an option for people to divert part of their pension tax payments to individual savings accounts.

Czechs stopped potential nuclear tech purchase by Iran

Reuters |
14 May 2015

The Czech Republic blocked an attempted purchase by Iran this year of a large shipment of sensitive technology useable for nuclear enrichment after false documentation raised suspicions, U.N. experts and Western sources said. The incident could add to Western concerns about whether Tehran can be trusted to adhere to a nuclear deal being negotiated with world powers under which it would curb sensitive nuclear work in exchange for sanctions relief.

Czech club criticised over plans to use lie detectors on players

Reuters |
5 May 2015

Czech second division club Baník Most have been criticised by the world players' union FIFPro over plans to make its players take lie detector tests after a run of nine successive defeats.

O2 ČR shareholders approve splitting company

Reuters |
29 April 2015

Shareholders of O2 Czech Republic agreed on Tuesday to spin off the infrastructure part of the fixed and mobile telecommunications firm into a new company. The new firm, CETIN, which will not be publicly traded, contributed about 50 percent of the group's operating profit last year. O2 shareholders will be each given one share in the new firm per one O2 share. What remains of Czech O2 will continue as a publicly-listed operator, providing voice and data services as well as television.

Poland's PKN looks to buy German, Czech petrol stations

Reuters |
24 April 2015

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.

HN: GE to sell Czech bank unit in two years

Reuters |
23 April 2015

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.

Survey: Czech banks see credit standards easing in Q2

Reuters |
21 April 2015

Czech banks expect credit standards to ease further and demand for loans to continue to rise in all market segments in the second quarter, the central bank's April lending survey showed on Monday.

Unions at Škoda raise strike threat over pay hikes

Reuters |
16 April 2015

Unions at Volkswagen's Czech unit Skoda Auto threatened on Wednesday to launch three- to five-day strikes, stepping up pressure in demands for higher pay, Czech media reported.

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