Monday, 16 July 2018
Finance | ČTK

The Pirates on Tuesday called on the Agrofert holding to return the subsidies its firms drew for insurance against damage caused by weather and pests, although the subsidies were only for small businesses.

Business | Radio Prague

UDI Group plans to list shares this autumn on the Prague Stock Exchange's new Start market which aims to encourage investment in small and mid-sized companies. In October, the Czech developer hopes to raise CZK 300 million through an initial public offering (IPO).

Business | Prague TV

The owners of the exchange company that was recently shut down by the Czech National Bank are proving hard to find. Chequepoint had its license withdrawn by the ČNB two weeks ago and was issued a fine of CZK 1.2 million, but it is not clear who will pay as its owners seem to not exist in any legal sense. The company's only shareholder, Cypriot company Chequepoint Group, based in Limassol, has not existed for two and a half years, according to the business portal Financial and Economic Information (FAEI.cz).

Finance | Prague TV

The Czech Republic is significantly cheaper than much of Western Europe, but still ahead of several Eastern European countries. Prices in the Czech Republic in 2017 were at 69 percent of the European Union average, according to figures from Eurostat.

Business | Radio Prague

The private Czech train and bus operator Leo Express has announced the launch of a new railway link from Prague to Warsaw. In a press release on Monday, the company said the twice-a-week connection would be in operation as of July 20.

Business | Nasdaq/Reuters

The Czech crown fell in tandem with Central European peers on Monday as trade tension between the United States and its partners weighed on risk appetite in global markets.

Business | Reuters

The Czech anti-monopoly office UOHS has cleared Chinese state-owned CITIC Group Corporation's takeover of most of the Czech-based assets held by China's struggling conglomerate CEFC, the watchdog said on Monday.

Business | Radio Prague

Confidence in the Czech economy rose in June with the main index increasing by 0.8 points to 100 points compared with May's score, according to data released by the Czech Statistics Office on Monday.

Business | Radio Prague

Major supermarket chains Lidl and Globus made a breakthrough announcement this week, pledging to gradually phase out the sale of eggs from caged hens in their Czech stores. The decision was prompted by a video recently released by the animal rights group Obraz which revealed atrocious conditions in Czech intensive poultry farms.

Business | Radio Prague

Czechs collected more than 6.6 billion crowns worth of mushrooms and fruits in the country's forests in 2017. In all, people picked 41,300 tonnes. The news was reported by the website e15.cz on Friday, citing the annual report by the Czech University of Life Sciences.

Business | Prague Leadership Institute

A recent study conducted at George Washington University showed that listening can influence up to 40% of a leader's job performance.

Business | Reuters

The Czech government, a 70-percent owner of electricity producer ČEZ, replaced three members of the firm's powerful supervisory board at an annual general meeting on Saturday, a company spokesman said.

Business | Radio Prague

The board of governors of the Czech National Bank could increase the basic interest rate by 0.25 percent to 1.0 percent at a meeting scheduled for Wednesday, the Czech News Agency reported, citing the views of analysts.

Business | Radio Prague

The company Imoba, which is part of the Agrofert conglomerate, has agreed to voluntarily return an EU subsidy of CZK 50 million that was issued for the Stork's Nest complex near Prague. Imoba has drafted an agreement on repaying the money that includes a clause stating that the move does not represent an admission that grant regulations were breached.

Business | Radio Prague

Czech company Škoda Transporation has won a tender to supply 80 trams to the German public transport company Rhein-Necker-Verkehr (RNV), which operates public transport in the Rhein-Necker region in south-west Germany. The first vehicle is expected to start operating in 2021.