Monday, 2 March 2015

Reuters

EU rules against Czech tax on carbon permits

Reuters |
27 February 2015

A Czech tax imposed in 2011 and 2012 on carbon emission allowances granted to companies for free breached a European Union directive, the European Union's Court of Justice ruled on Thursday. The ruling was made at the request of a Czech court which is considering an appeal of an electricity producer, Sko-Energo, against the tax, but a similar claim to get the gift tax back was made by the country's biggest energy firm, ČEZ.

Macquarie funds raise stake in RWE's Czech gas distribution

Reuters |
24 February 2015

A consortium of funds managed by Macquarie Infrastructure and Real Assets has agreed to acquire an additional 15 percent stake in the main Czech gas distribution network from Germany's RWE, Macquarie said on Monday.

Cabinet approves debt limit to stem excess borrowing

Reuters |
24 February 2015

The Czech cabinet approved a constitutional amendment on Monday aimed at avoiding any future explosion in government borrowing by setting a limit on state debt which governments will have to observe, a spokesman said. If approved by parliament, the bill would bring Czech law into line with the European Union's "fiscal compact", introduced in the wake of the debt crisis and now adopted by all member states except Great Britain and Croatia.

Czech central bank says January CPI in line

Reuters |
10 February 2015

Czech January consumer prices were in line with central bank forecasts, with only small deviations in structure, the bank said on Monday. Consumer prices rose by 0.1 percent year-on-year in January, above analysts' forecast of a mild drop.

E15: Five banks interested in Citi's Czech retail operations

Reuters |
10 February 2015

Five Czech banks have expressed interest in bidding for Citigroup's retail operations in the Czech Republic, newspaper E15 reported on Monday, without citing its sources.

LN: Czech power firm ČEZ says no nuclear plant tendering in 2015

Reuters |
4 February 2015

Czech electricity producer CEZ will not be launching a tender this year to build new units in its nuclear power plants, the state-controlled company chief executive was quoted as saying on Tuesday.

Czech deputy finmin: would be "absurd" to weaken crown more

Reuters |
30 January 2015

It would be "absurd" for the Czech central bank (CNB) to intervene to weaken the crown further to fight deflationary pressures, Deputy Finance Minister Martin Pros wrote in an article in the daily Pravo on Thursday.

Czech c.banker: could adjust crown level if deflationary expectations seen

Reuters |
28 January 2015

The Czech central bank could shift its ceiling for crown currency strength to a weaker level but only if deflationary expectations build up in the economy, central bank board member Kamil Janacek said on Tuesday.

Czech O2 requests delisting of London GDRs

Reuters |
28 January 2015

O2 Czech Republic has asked to delist its global depositary receipts (GDRs) from the main market of the London Stock Exchange, effective Feb. 28, the telecoms company said on Tuesday.

Banks see easier lending conditions in Q1

Reuters |
20 January 2015

Czech banks eased lending conditions in all market segments in COFSthe fourth quarter of 2014 and expect the trend to continue in the first quarter of this year, a central bank survey showed on Monday.

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