Sunday, 21 December 2014

Reuters

Czech Export Bank suspends euro loans for exports to Russia

Reuters |
19 December 2014

The Czech Export Bank has suspended providing euro loans for exports to Russia due to the market situation there, a spokesman said on Thursday. "Considering the situation in Russia, we stopped, we believe for the very short term, providing euro loans to Russia, that means where cash flow is generated in roubles," said Petr Krizan, spokesman for the state-owned bank.

Czech O2 shareholders approve USD 1.1 bln loan to majority owner PPF

Reuters |
18 December 2014

Shareholders in O2 Czech Republic on Wednesday approved extending a loan of up to CZK 24.8 billion to the telecom company's majority owner PPF, the investment group of the wealthiest Czech, Petr Kellner.

Newspaper: China ready to boost Czech nuclear power development

Reuters |
18 December 2014

China is ready to help the Czech Republic to develop its nuclear industry and expand its power stations, Chinese Premier Li Keqiang was quoted as saying in a newspaper on Wednesday.

Czech group EPH vies for E.ON's Italian assets

Reuters |
12 December 2014

Privately-held Czech energy group EPH is interested in buying some Italian assets put on the block by German utility E.ON, potentially pitting it against France's EDF in a 2 billion euro battle, two sources close to the matter said on Thursday.

Czech home owners find Jewish belongings from WWII

Reuters |
12 December 2014

House owners rebuilding their attic in the Czech town of Terezín have found photos, shoes and other possessions of Jews forced into a ghetto there under Nazi rule, a heritage project said on Thursday.

Czech banking sector resilient to shocks, says central bank

Reuters |
11 December 2014

The Czech banking sector is able to withstand shocks and its capitalisation would remain above the regulatory minimum thanks to a capital adequacy ratio that exceeds 18 percent, the central bank said on Wednesday.

MfD: ČEZ's CEO sees lower profits as sector changes

Reuters |
8 December 2014

Czech electricity producer ČEZ will earn smaller profits in coming years as it adapts to changes in the industry, its chief executive told a newspaper in an interview published on Saturday. "We will have lower but stable profit and dividends," Daniel Beneš told Mladá Fronta Dnes, adding a modernised nuclear power plant at Dukovany will be the main driver of profits. He did not give a specific outlook.

Survey: Czech construction sector revives after five-year slump

Reuters |
27 November 2014

The Czech construction sector is reviving after five years of decline, helped by the government's new spending plans but held back to some extent by payment delays, a survey of managers showed.

PPF offers to buy shares in Czech O2 from retail investors

Reuters |
20 November 2014

Czech investment group PPF said on Wednesday it was offering retail investors in O2 Czech Republic the chance to sell up to 200 shares to it for the price it bought back shares earlier this year.

Waving red cards in protest, Czechs mark Velvet Revolution

Reuters |
18 November 2014

Thousands of Czechs marched through Prague on Monday to mark the 25th anniversary of the fall of communism, waving soccer-style red penalty cards as a warning to a president they see as drifting too close to Moscow.

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