Sunday, 28 August 2016

Reuters

OKD creditors agree to pursue reorganisation, not bankruptcy

Reuters |
12 August 2016

Creditors committee agrees to pursue reorganisation of NWR coal mining unit OKD, company spokesman says. "This is very positive news for OKD, for employees and hard coal mining in the Ostrava region," OKD spokesman Ivo Celechovsky says. Court on Wednesday rejected biggest claim by Citibank representing holders of EUR 352 mln in NWR bonds guaranteed by OKD.

Czech government approves loan to help miner OKD

Reuters |
28 July 2016

The Czech government approved a CZK 700 million loan to help keep afloat hard coal miner OKD, an insolvent unit of New World Resources, the prime minister and industry minister said on Wednesday.

Czech cabinet approves investment deal with GE Aviation

Reuters |
28 July 2016

The Czech government approved a deal with GE Aviation on Wednesday for an investment in a new turboprop engine plant that will cost an estimated 350 million euros.

Czech leader hopes U.S. will remain solid NATO partner whoever wins vote

Reuters |
22 July 2016

The Czech prime minister said he hoped the United States would remain a solid NATO partner whoever won its presidential vote, after U.S. Republican nominee Donald Trump appeared to raise questions about his commitment to defend allies in the alliance.

Industry minister says hopes to save Poland pipeline project

Reuters |
15 July 2016

The Czech government will talk to Poland to revitalise a gas pipeline project meant to connect the Czech system to a Polish LNG terminal and raise supply security, Czech Industry Minister Jan Mladek said on Thursday.

Babis says Italian banks may be bigger problem than Brexit

Reuters |
13 July 2016

The health of Italy's banks may be a bigger problem for Europe than Britain's decision to leave the European Union, Czech Finance Minister Andrej Babis said on his Twitter account while attending an EU finance ministers' meeting in Brussels on Tuesday.

Kapsch: Czech gov't approves prolongation of tolling contract

Reuters |
12 July 2016

Czech government approved prolongation of contract to operate nationwide toll system for at maximum three years.

Central bank keeps crown cap in place, market eyes Brexit comments

Reuters |
1 July 2016

The Czech central bank made no changes to monetary policy on Thursday as expected, keeping in place a cap on the crown currency's exchange rate to help a revival of price growth.

Foreign minister: EU Commission shares blame for Brexit

Reuters |
1 July 2016

EU institutions especially the European Commission share some blame for Britain's vote to leave the bloc and should forget about any urgent push for deeper integration, Czech Foreign Minister Lubomír Zaorálek said on Thursday. The top Czech diplomat wrote in the Financial Times that Britain's exit negotiations and EU reforms must be approached with humility and that acting too quickly would be dangerous.

Minister shakes gov't with swift approval of police reform

Reuters |
16 June 2016

The interior minister on Wednesday signed a contested plan merging top anti-corruption units in the police that is at the center of a row shaking the center-left government. The plan to reshuffle police top structures, bringing together organized and economic crime units, is testing the three-party coalition after more than two years of relatively smooth rule. Finance Minister Andrej Babis's ANO party has rejected the plan and said it would seek changes to the coalition agreement.

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