Tuesday, 27 June 2017


Central bank governor not betting on euro adoption in next decade

Reuters |
15 June 2017

The Czech Republic is unlikely to adopt the European Union's common currency, the euro, in the next decade because it lacks the political will to make the change, central bank Governor Jiri Rusnok was quoted as saying on Wednesday.

EU opens legal case against Warsaw, Budapest and Prague over migration

Reuters |
14 June 2017

The European Commission launched a legal case on Tuesday against Poland, Hungary and the Czech Republic for refusing to take in asylum seekers, ratcheting up a bitter feud within the 28-nation bloc about how to deal with migration. The eurosceptic, nationalist-minded governments in Poland and Hungary have refused to take in anyone under a plan agreed by a majority of EU leaders in 2015 to relocate migrants from frontline states Italy and Greece to help ease their burden. The Czech Republic initially accepted 12 people but has since said it would not welcome more.

EU to open case against Poland, Hungary, Czech Republic over migration

Reuters |
13 June 2017

The European Union's executive will decide on Tuesday to open legal cases against three eastern members for failing to take in asylum-seekers to relieve states on the front lines of the bloc's migration crisis, sources said.

Miners eye Europe's largest lithium deposit in Czech Republic

Reuters |
8 June 2017

Mining for lithium could start in the Czech Republic in two years, exploiting Europe's largest resource of the metal that is used in batteries for electric vehicles and home power storage.

Czech investment group PPF triples profit in 2016

Reuters |
6 June 2017

Czech investment group PPF, owned by the country's richest man Petr Kellner, said on Monday its net profit tripled to 1.1 billion euros ($1.24 billion) in 2016, boosted by consumer lender Home Credit's expansion in Asia.

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.

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