Wednesday, 21 October 2020


Telefonica O2 Czech says quarterly net fell 24% as customers cut spending

Bloomberg |
29 July 2010

Telefonica O2 Czech Republic AS, the largest Czech telecommunications company, said second-quarter profit fell 24% as customers cut spending on services and a one-off item from a year ago wasn't repeated.

Finance minister sees 'systemic changes' to meet budget deficit goal

Bloomberg |
28 July 2010

The government will take savings measures this year and in 2011 to ensure that it meets its budget-deficit targets, Finance Minister Miroslav Kalousek said. Without any cuts, the budget gap may reach as much as 6.6% of gross domestic product next year, compared with the target of 4.6% of GDP in 2011 and 5.3 percent for this year, he said.

Economic sentiment advances to highest level in 22 months in July

Bloomberg |
27 July 2010

Czech business and consumer confidence rose to the highest level in 22 months in July as rising demand for the country's exports drove a recovery from the recession.

New World advances most since May in Prague Trading on Coal-Price Increase

Bloomberg |
22 July 2010

New World Resources NV, the largest Czech supplier of coal to steelmakers, gained the most in two months in Prague trading after saying it agreed with customers to increase coking coal and coke prices in the third quarter.

Czech credit rating may rise if budget ledge met, Moody's says

Bloomberg |
19 July 2010

The Czech Republic's credit rating may be increased if the new government delivers on its promise to cut the budget deficit, Moody's Investors Service said. "If we see a resumption of real convergence towards core Europe that could put upward pressure on the rating," Dietmar Hornung, a senior sovereign risk group analyst at Moody's, said in a July 16 interview. "And if the fiscal plans were to be implemented as planned and result in stabilization" of debt ratios "that would also be reassuring."

EnBW to boost stake in Czech power utility

Bloomberg |
15 July 2010

EnBW Energie Baden-Wuerttemberg will boost its stake in Czech power utility PRE Group to 69.9% from 28.5% by swapping its stake in a district heating company, Financial Times Deutschland reported.

Ahold, Kaufland probed by Czech regulator over alleged market rule breach

Bloomberg |
12 July 2010

Dutch supermarket owner Royal Ahold NV and German retailer Kaufland Stiftung & Co Kg are being investigated by a Czech regulator for a possible breach of rules on market dominance.

May trade balance shows surplus for 17th month on growth in exports

Bloomberg |
8 July 2010

The Czech Republic had a trade surplus for a 17th month in a row in May as improving demand for exports helped support economic recovery.

ČEZ wants right to select its own fuel suppliers for new Temelín reactors

Bloomberg |
22 June 2010

ČEZ, the Czech Republic's largest power producer, is demanding the right to select its own fuel suppliers during talks with three bidders to expand its Temelín nuclear power plant.

Czech gap in rates a factor in unexpected rate cut, minutes say

Bloomberg |
17 May 2010

The Czech central bank cut interest rates to a record low this month partly on expectations inflation will remain tame and because of the difference between the bank's borrowing costs and market interest rates, minutes from the last policy meeting show.

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