Saturday, 20 May 2017


Czech Coal extends offer date for ČEZ's Počerady plant

Reuters |
18 May 2017

Energy group Czech Coal has extended its CZK 10 billion offer to buy the Počerady coal-fired power plant from Czech utility ČEZ, it said on Wednesday, giving more time for the deal to overcome state objections.

Nidetzky: Czech rate rise possible in second half of year

Reuters |
18 May 2017

The Czech central bank could return to a normal monetary policy in the second half of the year by raising interest rates from near zero, board member Tomas Nidetzky said on Wednesday.

Miss Universe producer sues Czech maker of winners' crowns

Reuters |
17 May 2017

The producer of the Miss Universe pageant on Tuesday sued the Czech company hired to make the winners' iconic crowns, saying it kept touting its association with the pageant even after it breached its 10-year sponsorship agreement.

Czech central bank watches crown in debate on when to lift rates

Reuters |
5 May 2017

The Czech central bank left interest rates near zero on Thursday, pinning the timing of its first rate hike in almost a decade largely on the crown's uncertain path after its currency cap was lifted a month ago.

ČEZ board backs Počerady plant sale to Czech Coal

Reuters |
21 April 2017

The board of Czech power utility ČEZ has backed the sale of the 1,000 MW Počerady coal-fired power plant to rival energy group Czech Coal, two sources close to the deal said on Thursday. The proposed deal now needs to be approved by ČEZ's supervisory board, according to the sources.

Czech court bars Uber in Brno

Reuters |
19 April 2017

A Czech regional court issued an injunction on Tuesday against the Uber Technologies ride-hailing service in Brno, the country's second-largest city, the city government said on its website. The court accepted Brno's complaints, namely that Uber drivers have not passed required tests and their cars are not equipped with taximeters.

Czech court to rule on extradition of alleged Russian hacker

Reuters |
6 April 2017

Prosecutors in Prague on Wednesday cleared the way for a court hearing on whether a Russian accused of hacking LinkedIn Corp should be extradited. Yevgeniy Nikulin was arrested last year and is sought by both the United States and Russia.

Czech crown could firm as central bank is seen removing cap

Reuters |
3 March 2017

The Czech crown EURCZK= could firm up more than 4 percent against the euro in the next 12 months as the central bank is expected to remove its cap on the currency, a Reuters survey showed.

Wild boars roam Czech forests - and some of them are radioactive

Reuters |
23 February 2017

The Czech Republic has an unusual problem this winter with its wild boar meat, a local delicacy. The boars are radioactive.

PM's party puts bank tax back on election menu

Reuters |
15 February 2017

The Czech Republic's ruling centre-left Social Democratic Party will propose a special tax on banks to help fund schools and infrastructure and keep profits from leaving the country as part of its manifesto for elections in October. The plan was revealed on Tuesday by Prime Minister Bohuslav Sobotka, whose Social Democratic Party trails coalition partner the ANO movement of Finance Minister Andrej Babiš by a large margin in the polls. ANO opposes a bank tax.

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