Friday, 24 March 2017
Business | Radio Prague

The Czech rail market is set to open up further to competition after the government's approval of liberalisation plans on Wednesday, the Czech News Agency reported. According to information posted on the Office of the Government's website, tender processes for the right to run services on five high-speed rail lines will be held by the end of 2021.

Business | ČTK

The youngest offspring of the Baťa family of the renowned shoe empire owners with Czech roots has returned to the Czech Republic to manage his company's worldwide marketing from Prague, Lidové noviny reported.

Finance | Financial Times

"Exit, exit, exit!" fizzes Dutch bank ING. Clearly, the excitement over Europe's most arcane currency battle is reaching feverish levels.

Business | ČTK

The Czech-Afghan Chamber of Commerce was considered a promising project when it was ceremonially established in 2005, but it has resulted in a failure, generating debts worth of millions of crowns that still remain uncovered, daily Mlada fronta Dnes (MfD) wrote on Thursday.

Business | CIA News

Group PASSERINVEST has already invested CZK 15bn in the administrative complex BB Centrum. The group will invest CZK 13bn. The group bought back the building D from SachsenFonds Holding Tschechien Sechs in March 2017.

Business | CIA News

ŠKODA AUTO will market its first purely battery-powered model in 2020. According to Škoda Auto CEO Bernhard Maier, the first idea of how the electric future of ŠKODA might look will be presented at the motor show in Shanghai.

Business | CIA News

New light utility vehicle (LUV) registrations up to 3.5 tons in the Czech Republic dropped 3.3% y/y to 1,335 in February 2017. Registrations in 2M 2017 grew 8.6% to 2,799.

Business | Radio Prague

Škoda Auto has just enjoyed the most successful year in its history. The Czech-based carmaker saw its profits climb by just over a third in 2016 to reach CZK 25.7 billion. It was the third year in succession that Škoda, the country's biggest exporter, made a new record profit. Sales rose by 10 percent to a record CZK 370 billion. Also up was the number of cars delivered to customers, which grew by 6.7% to 1,127,000.

Business | Radio Prague

Prague has just hosted a hackathon with global participation with the target to brainstorm and come up with solutions for cities like the Czech capital where getting from A to B can be a stressful and time consuming process.

Finance | Yahoo Finance

Central European government bond yields and stocks mostly fell on Wednesday, tracking global markets, as doubts grew over U.S. President Donald Trump's plans to stimulate the economy. The Czech government, meanwhile, cut offers at a bond auction to stem a rise in yields.

Business | CIA News

For 2017, the ČEZ Group plans a 7% year-on-year increase in production from conventional energy to 64 TWh. Nuclear-source generation should grow 18% to 28 TWh as a result of shorter shutdowns, particularly in the Temelín nuclear power plant.

Business | CIA News

Ministry of Industry and Trade informed the Czech government on March 22, 2017, about its intention to enter into an agreement with Českomoravská Záruční a Rozvojová Banka (Czech-Moravian Guarantee and Development Bank, ČMZRB) on the formation of the E 2016 Credit Fund and E 2016 Guarantee Fund.

Business | Radio Prague

The Czech Republic's biggest electricity producer, almost 70 percent state owned ČEZ, delivered its 2016 results on March 21 with the outcome largely disappointing analysts. The headline figures are full profit for the year of 14.6 billion crowns, which rose to 19.6 billion crowns after all exceptional items had been cleared away. Both figures represent a drop of 29 percent on the corresponding outcome for 2015.

Finance | Daily Mail/Reuters

With the Czech Republic's 3-1/2-year old currency cap expected to be removed within months, 'fair value' calculations suggest the crown will not rise much more than 5 percent against the euro.

Finance | Politico

Czech political parties jockeying for votes are making eurozone banking groups a populist target ahead of parliamentary elections scheduled for October.