Thursday, 23 October 2014

Reuters

Czech c.bank chief says external risks on the rise, mainly euro zone

Reuters |
22 October 2014

External risks to the Czech economy, mainly the situation in the euro zone and also the Russia-Ukraine conflict, have been on the rise in recent weeks, Czech central bank Governor Miroslav Singer said on Tuesday.

Industry minister: Chinese show interest in building Czech nuclear plant

Reuters |
15 October 2014

China has shown interest in building nuclear reactors in the Czech Republic, Industry and Trade Minister Jan Mládek said on Tuesday, joining four other potential contractors. The Czech government is considering opening a new selection process for building nuclear power units after majority state-owned utility ČEZ scrapped a tender to build two new blocks of 1,200 megawatts each in April.

Fortuna CFO leaving position at end of year

Reuters |
15 October 2014

Fortuna Entertainment Group's Chief Financial Officer Michal Veprek will leave his position at the end of the year, the Czech betting company said on Tuesday.

Czech O2 says parent PPF asks for up to CZK 25 million loan to pay for acquisition

Reuters |
15 October 2014

Czech telecoms operator O2 Czech Republic has received a request from its majority shareholder PPF to provide an up to CZK 24.8 billion (USD 1.14 billion) loan to its majority shareholder PPF to pay off part of acquisition debt.

ČTK: Czech miner NWR letting go 300 staff by end of year

Reuters |
14 October 2014

New World Resources' (NWR) mining unit OKD will lay off 300 people by the end of the year, mainly office staff and above-ground workers, ČTK news agency reported on Monday.

CPI Property acquires Czech food producer Spojené farmy

Reuters |
3 October 2014

CPI Property says has entered into agreements concerning acquisition of Czech high-quality organic food producer Spojené farmy.

Komerční Banka sees profit flat in 2014, loan growth building

Reuters |
2 October 2014

Czech lender Komerční Banka expects shrinking risk costs and a strengthening recovery in corporate lending to keep its net profit steady on the year in 2014, its chief financial officer told Reuters.

Central bank sets systemic risk buffer for four major banks

Reuters |
2 October 2014

The buffer was set at 3.0 percent for Erste Group's unit Ceska Sporitelna and KBC's unit CSOB, at 2.5 percent for Societe Generale's Komercni Banka and at 1.0 percent for UniCredit Czech Republic and Slovakia, the bank said.

RWE says saw reduction in Russian gas supplies to Czech Republic in past days

Reuters |
2 October 2014

RWE has experienced unspecified reduction in supplies of Russian gas to the Czech Republic for several days in the past week, the company's Czech unit said on Wednesday.

Czech energy envoy: "Foolish" to expect Russian gas via Ukraine this winter

Reuters |
30 September 2014

It is foolish to expect gas to flow as usual through Ukraine this winter and Europe must brace for disruption along the route that typically carries almost half of Russia's exports to the European Union, a top Czech energy official said on Monday.

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