Czech Business News back issues from November 2002:
Czech press review November 1 -- Politics.
Nov 01, 2002 ... Czech press review November 1 -- Politics Prague November 1. INTERFAX EUROPE - Alexandr Mitrofanov traces the roots of potential cooperation between the Social Democrats (CSSD) and the Communists (KSCM). The KSCM's impressive numbers in the June elections make them a force to be ...
CMSS building society provides loans worth CZK 6.5 bn in Jan-Sept.
Nov 01, 2002 ... CMSS building society provides loans worth CZK 6.5 bn in Jan-Sept Prague. November 1. INTERFAX-EUROPE - Ceskomoravska stavebni sporitelna (CMSS), the largest Czech building society, provided 40,866 loans and bridging loans worth CZK 6.5 bn as of September 30, 2002, CMSS ...
Czech press review November 1 - Economics.
Nov 01, 2002 ... Czech press review November 1 - Economics Prague November 1. INTERFAX EUROPE - The Czech business press on Friday discusses the Czech National Bank's (CNB) decision to cut all key rates by 25 bp. Roman Pospisil says this is the fifth time this year the CNB has ...
CNB lowers growth forecast, says crown still overvalued.
Nov 01, 2002 ... CNB lowers growth forecast, says crown still overvalued Prague. November 1. INTERFAX-EUROPE - The Czech National Bank (CNB) revised its GDP growth forecast for 2002 downward to 1.8 % - 2.3 % from 2.0 % - 2.7 %, the governor of the CNB, Zdenek Tuma, told journalists Thursday. ...
Raiffeisenbank's 9M profit soars to CZK 70 mln.
Nov 01, 2002 ... Raiffeisenbank's 9M profit soars to CZK 70 mln Prague. November 1. INTERFAX-EUROPE -Raiffeisenbank (RB), the Czech Republic's sixth largest bank, saw its net profit for the first nine months of 2002 jump to CZK 67 mln to Czech accounting standards (CAS), up from CZK 6.6 mln a ...
Engineering firm Vitkovice to invest CZK 240 mln in 2003.
Nov 01, 2002 ... Engineering firm Vitkovice to invest CZK 240 mln in 2003 Prague. November 1. INTERFAX-EUROPE - Engineering firm Vitkovice, controlled by the Czech bailout bank Ceska konsolidacni agentura (CKA) will invest CZK 240 mln in 2003, with CZK 150 mln of that going towards the ...
Prazske pivovary brewer moves into black with CZK 90 mln profit in Jan-Sept.
Nov 01, 2002 ... Prazske pivovary brewer moves into black with CZK 90 mln profit in Jan-Sept Prague. November 1. INTERFAX-EUROPE -The Prazske pivovary (PP) brewing group posted a profit of CZK 93.6 mln in the first nine months of 2002, reversing a loss of CZK 119 mln in the same period a year ...
South Bohemia power distributor sees pre-tax profit up 40 % in 9M.
Nov 01, 2002 ... South Bohemia power distributor sees pre-tax profit up 40 % in 9M Prague. November 1. INTERFAX-EUROPE - The South Bohemian power distributor Jihomoravska energetika (JME) raised its pre-tax profit 39.6 % yr/yr to CZK 1.3 bn in Jan-Sept 2002. The growth stemmed from ...
Pulp producer Biocel ups 9M gross to CZK 180 mln, despite declining pulp sales.
Nov 01, 2002 ... Pulp producer Biocel ups 9M gross to CZK 180 mln, despite declining pulp sales Prague. November 1. INTERFAX-EUROPE - Pulp producer Biocel reported a pre-tax profit of CZK 183 mln in January - September, a significant increase against last year's CZK 74 mln, according to figures ...
Czech state budget deficit surpasses CZK 30 bn in October.
Nov 01, 2002 ... Czech state budget deficit surpasses CZK 30 bn in October Prague. November 1. INTERFAX-EUROPE - The state budget deficit grew to CZK 32.32 bn at the end of October, from CZK 21.4 bn at the end of September, the Finance Ministry announced Friday. Compared to October ...
IT group AAC shows sales of CZK 4.4 bn in Jan-Sept.
Nov 01, 2002 ... IT group AAC shows sales of CZK 4.4 bn in Jan-Sept Prague. November 1. INTERFAX-EUROPE - AAC, a holding company with subsidiaries in the IT sector, showed sales of CZK 4.43 bn in January - September 2002, a yr/yr increase of 4.7 %, according to AAC spokesman Petr Samec. ...
Securities Commission investigates OVB Allfinanz investment adviser.
Nov 01, 2002 ... Securities Commission investigates OVB Allfinanz investment adviser Prague. November 1. INTERFAX-EUROPE - The Czech Securities Commission (KCP) has launched an investigation into OVB Allfinanz, one of the largest investment advisers in the country, over suspected embezzlement, ...
CzechInvest celebrates 10 years and FDI of USD 6.6 bn.
Nov 01, 2002 ... CzechInvest celebrates 10 years and FDI of USD 6.6 bn Prague. November 1. INTERFAX-EUROPE -CzechInvest, the Trade and Industry Ministry's organization for the promotion of foreign direct investment (FDI), is celebrating ten years of existence in 2002 and its considerable record ...
Steel exports up climb to 3.35 mln tonnes in 1-3Q 2002.
Nov 01, 2002 ... Steel exports up climb to 3.35 mln tonnes in 1-3Q 2002 Prague. November 1. INTERFAX-EUROPE - Czech steel exports grew from 3.33 mln tonnes in Jan-Sept 2001 to 3.35 mln tonnes in 2002, according to figures released by the Czech Steel Association (HZ). The value of ...
Alternative telecom Aliatel posts 9M loss despite 60 % increase in sales.
Nov 01, 2002 ... Alternative telecom Aliatel posts 9M loss despite 60 % increase in sales Prague. November 1. INTERFAX-EUROPE - Aliatel, an alternative Czech telecom, posted a 9M loss despite a 58 % increase in sales, according to figures submitted to the Prague Stock Exchange (BCCP). ...
Cesky Telecom drives market up, with gain of 8.18 % Friday.
Nov 01, 2002 ... Cesky Telecom drives market up, with gain of 8.18 % Friday The Czech stock market showed moderate gains on Friday, with the blue chip PX D index adding 1.02 % to 1,088.9 pts and the PX 50 index up by 0.98 % to 434.9 pts, according to figures released by the Prague Stock Exchange ...
Indices, Prague Stock Exchange (PSE), 01/11/2002.
Nov 01, 2002 ... Indices, Prague Stock Exchange (PSE), 01/11/2002 PX-50 is an index of the Prague Stock Exchange. It is calculated in accordance with IFC (International Finance Corporation) methodology recommended for creation of indices in emerging markets. Index base is composed of 50 issues ....
Prague Stock Exchange (PSE), Secondary market share trading fixing, 01/11/2002.
Nov 01, 2002 ... Prague Stock Exchange (PSE), Secondary market share trading fixing, 01/11/2002 Price - Current price in domestic currency (CZK) for stocks and fund shares. This is the single price for the Trading at a Fixed Price and an opening price for continuously traded securities. ...
Czech bond trading calm Friday.
Nov 01, 2002 ... Czech bond trading calm Friday Prices of bonds remained nearly unchanged on Friday, Jan Jedlicka of Conseq Finance told Interfax. The morning's moderate price increase was probably a result of Thursday's decision by the Czech National Bank to cut interest rates, says ...
Czech crown reacts positively to CNB's rate cut on Friday.
Nov 01, 2002 ... Czech crown reacts positively to CNB's rate cut on Friday The crown responded positively to the central bank's 25 bp rate cut, with the Czech currency continued to move in a strengthening trend Friday, Jan Vejmelek of Komercni banka told Interfax. The crown ...
Czech National Bank, PRIBOR and PRIBID rate fixing, 01/11/2002.
Nov 01, 2002 ... Czech National Bank, PRIBOR and PRIBID rate fixing, 01/11/2002 *PRIBOR-Prague Interbank Offered ...
Unipetrol to be privatized as a whole, but new owner will have right to sell off parts piecemeal.
Nov 04, 2002 ... Unipetrol to be privatized as a whole, but new owner will have right to sell off parts piecemeal Prague November 4. INTERFAX EUROPE - Unipetrol, the Czech petrochemical holding, should be sold as a whole, but the buyer will be allowed to sell individual firms of the holding ...
Insurer Pojistovna Ceske sporitelny hikes profit 40 % yr/yr in Jan-Sept.
Nov 04, 2002 ... Insurer Pojistovna Ceske sporitelny hikes profit 40 % yr/yr in Jan-Sept Prague November 4. INTERFAX EUROPE - The Czech insurance firm Pojistovna Ceske sporitelny posted a profit of CZK 126 mln in Jan-Sept 2002, up from CZK 88 mln in the same period a year earlier, the firm's ...
Czech press review November 4 -- Politics.
Nov 04, 2002 ... Czech press review November 4 -- Politics Prague November 4. INTERFAX EUROPE - The results of this weekend's Senate and local elections dominate the Czech press on Monday. Monday's edition of Lidove noviny (LN) calls the election results a triumph for independents as ...
Czech press review November 4 - Economics.
Nov 04, 2002 ... Czech press review November 4 - Economics Prague November 4. INTERFAX EUROPE - Former Czech Industry and Trade Minister Miroslav Gregr has become one of the advisers to Prime Minister Vladimir Spidla. Spidla says he consults Gregr on industry related issues, such as the impact ...
Ruling coalition loses majority in Senate; independents, ODS post gains.
Nov 04, 2002 ... Ruling coalition loses majority in Senate; independents, ODS post gains Prague. November 4. INTERFAX-EUROPE -The Czech Republic's ruling coalition lost its majority in the Senate in this weekend's elections, while the right-wing Civic Democratic Party (ODS) rebounded from its ...
Metalimex sees sales, profits climb in Jan-Sept.
Nov 04, 2002 ... Metalimex sees sales, profits climb in Jan-Sept Prague November 4. INTERFAX EUROPE - Metalimex, a leading raw materials trader, posted a gross profit of CZK 165 mln in the first nine months of 2002, a yr/yr increase of CZK 600,000, spokesman Radek Chalupa told Interfax. ...
Telecoms minister says no reduction in Cesky Telecom sales price.
Nov 04, 2002 ... Telecoms minister says no reduction in Cesky Telecom sales price Prague November 4. INTERFAX EUROPE - Czech Transport and Communications Minister Milan Simonovsky has expressed his opposition to any reduction in the sales price of the country's dominant fixed-line operator, ...
ODS, independents, claim victory in municipal elections.
Nov 04, 2002 ... ODS, independents, claim victory in municipal elections Prague. November 4. INTERFAX-EUROPE -The Civic Democratic Party (ODS) and independent candidates came out on top in the country's municipal elections that were held over the weekend in tandem with elections to the Czech ...
Testing set to resume at 2nd block of Temelin nuclear plant.
Nov 04, 2002 ... Testing set to resume at 2nd block of Temelin nuclear plant Prague. November 4. INTERFAX-EUROPE -The second block of the Temelin nuclear plant, which has been shut down since August 28, should be re-launched in the coming days, with testing on power start-up to be resumed as ...
Velveta textile company sees sales rise in 9M, profit slip.
Nov 04, 2002 ... Velveta textile company sees sales rise in 9M, profit slip Prague. November 4. INTERFAX-EUROPE - Velveta, a Czech textile company, saw its profit slip 1.3 % yr/yr in Jan-Sept to CZK 68.96 mln. Sales climbed a slight 0.7 % to CZK 1.14 bn during the monitored period. ...
Senate elections shed little light on identity of next Czech president.
Nov 04, 2002 ... Senate elections shed little light on identity of next Czech president Prague. November 4. INTERFAX-EUROPE - The results of the Senate elections held this past weekend did little to shed light on who will be the next president of the Czech Republic, but they did make it clear no ...
Trinecke zelezarny sells 30 % stake in D5 construction firm.
Nov 04, 2002 ... Trinecke zelezarny sells 30 % stake in D5 construction firm Prague. November 4. INTERFAX-EUROPE - The Trinecke zelezarny (TZ) steelworks has sold is 30 % stake in the construction firm D5 to Hutne montaze Slovakia. The sale was completed in late October, says TZ, as ...
Power transmission operator CEPS sees profit, sales rise in 1-3Q.
Nov 04, 2002 ... Power transmission operator CEPS sees profit, sales rise in 1-3Q Prague November 4. INTERFAX EUROPE - The Czech power transmission operator CEPS posted a profit of CZK 541 mln in Jan-Sept 2002, an increase of 62 % yr/yr, according to figures released by the firm. The ...
Ahold food retailer to integrate Czech, Slovak, Polish operations.
Nov 04, 2002 ... Ahold food retailer to integrate Czech, Slovak, Polish operations Prague. November 4. INTERFAX-EUROPE - The Ahold international food retailer will integrate operations in the CR, Slovakia, and Poland under the aegis of a new organization - Ahold Central Europe (ACE). ...
Czech power exports rise over 60 % in 9M 2002.
Nov 04, 2002 ... Czech power exports rise over 60 % in 9M 2002 Prague November 4. INTERFAX EUROPE - The Czech Republic exported 15.4 TWh of electricity in the first three quarters of 2002, up 64 % yr/yr, reports the Energy Regulation Office (ERU). The dominant domestic power producer ...
ABN AMRO bank sees profit up 25 % in Jan-Sept.
Nov 04, 2002 ... ABN AMRO bank sees profit up 25 % in Jan-Sept Prague November 4. INTERFAX EUROPE - The Czech branch of Dutch bank ABN Amro saw its 1-3Q profit rise from CZK 397 mln in 2001 to CZK 505 mln this year, according to figures released by the bank. The firm's balance sum ...
Indices, Prague Stock Exchange (PSE), 04/11/2002.
Nov 04, 2002 ... Indices, Prague Stock Exchange (PSE), 04/11/2002 PX-50 is an index of the Prague Stock Exchange. It is calculated in accordance with IFC (International Finance Corporation) methodology recommended for creation of indices in emerging markets. Index base is composed of 50 issues ....
Prague Stock Exchange (PSE), Secondary market share trading fixing, 04/11/2002.
Nov 04, 2002 ... Prague Stock Exchange (PSE), Secondary market share trading fixing, 04/11/2002 Price - Current price in domestic currency (CZK) for stocks and fund shares. This is the single price for the Trading at a Fixed Price and an opening price for continuously traded securities. ...
Prague bourse closes flat despite morning gains.
Nov 04, 2002 ... Prague bourse closes flat despite morning gains The Prague bourse started the week by rising. The official PX 50 index added 0.2 % to 435.7 points, although it was up at 442 points at one point during the trading day. The blue chip PX D index went up 0.5 % to 1,094.5 points. ...
Crown weakens in morning but closes stronger on Monday.
Nov 04, 2002 ... Crown weakens in morning but closes stronger on Monday The Czech crown started the new week by gaining ground, despite falling on Monday morning, says Komercni banka's (KB) Jan Vejmelek. The domestic currency opened at CZK 30.77/EUR and fell to CZK 30.85/EUR in the ...
Czech bond prices fall due to high interest in shares.
Nov 04, 2002 ... Czech bond prices fall due to high interest in shares Czech bond prices fell on Monday, says Lukas Vacha of Conseq Finance. The CoreActiveCZ index lost 15 bps. Czech bonds fell due to gains on foreign equity markets. The longest state benchmarks lost 0.5 %, shorter ...
Czech National Bank, PRIBOR and PRIBID rate fixing, 04/11/2002.
Nov 04, 2002 ... Czech National Bank, PRIBOR and PRIBID rate fixing, 04/11/2002 *PRIBOR-Prague Interbank Offered ...
Czech press review November 5 -- Politics.
Nov 05, 2002 ... Czech press review November 5 -- Politics Prague November 5. INTERFAX EUROPE - The Civic Democratic Party (ODS) has set its sights on the leadership of the Senate, reports Tuesday's Lidove noviny (LN). After its net gain of four seats, which left it the Senate's strongest single ...
Czech press review November 5 - Economics.
Nov 05, 2002 ... Czech press review November 5 - Economics Prague November 5. INTERFAX EUROPE - Writing in Mlada fronta Dnes (MfD), Martin Jasminsky says that state assistance to banks over the last twelve years exceeds CZK 500 bn. Jasminsky is referring to the material prepared by the Czech ...
Isolit-Bravo appliance maker raises sales to CZK 700 mln in Jan-Sept.
Nov 05, 2002 ... Isolit-Bravo appliance maker raises sales to CZK 700 mln in Jan-Sept Prague. November 4. INTERFAX-EUROPE - Isolit-Bravo, a producer of household appliances, hiked its sales by one-third yr/yr to CZK 695 mln in the first nine months of 2002, according to figures released by the ...
Aircraft engine producer Walter takes aim at US market.
Nov 05, 2002 ... Aircraft engine producer Walter takes aim at US market Prague. November 4. INTERFAX-EUROPE - Walter, a Czech producer of aircraft engines, has signed a contract with two US companies - Seagull Aviation and Lone Star - to supply them with plane engines, reports the daily ...
Number of foreign workers at mining firm OKD doubles in past 2 years.
Nov 05, 2002 ... Number of foreign workers at mining firm OKD doubles in past 2 years Prague. November 4. INTERFAX-EUROPE -Czech brown-coal mining firm OKD is increasingly relying on foreign workers to maintain production levels, with the number of foreign workers doubling over the past two ...
Regional Development, Finance Ministries prepare to deregulate rents.
Nov 05, 2002 ... Regional Development, Finance Ministries prepare to deregulate rents Prague. November 5. INTERFAX-EUROPE - The Czech Finance and Regional Development Ministries are drafting a new law deregulating rents, reports the daily Lidove noviny (LN). Regional Development ...
Tiscali tops list of household internet providers.
Nov 05, 2002 ... Tiscali tops list of household internet providers Prague. November 4. INTERFAX-EUROPE - Tiscali remains the most popular internet service provider in the Czech Republic, according to results of the latest survey of household internet users by Taylor Nelson Sofres Interactive. ...
Spidla to ask ministers to bare all in property statements.
Nov 05, 2002 ... Spidla to ask ministers to bare all in property statements Prague. November 4. INTERFAX-EUROPE - The theme of corruption has run through a number of domestic political campaigns in the Czech Republic and has also been a point of criticism from abroad. Part of the appeal behind ...
Czech National Bank, PRIBOR and PRIBID rate fixing, 05/11/2002.
Nov 05, 2002 ... Czech National Bank, PRIBOR and PRIBID rate fixing, 05/11/2002 *PRIBOR-Prague Interbank Offered ...
Staff cutbacks at Vitkovice Steel reach 2,500 since 1996.
Nov 05, 2002 ... Staff cutbacks at Vitkovice Steel reach 2,500 since 1996 Prague. November 5. INTERFAX-EUROPE - Vitkovice Steel, the former division of the engineering and steelworks firm Vitkovice, has dismissed a total of 2,474 people since 1996, as part of a restructuring and reorganization, ...
Standard & Poor's lowers local currency ratings for CR.
Nov 05, 2002 ... Standard & Poor's lowers local currency ratings for CR Prague. November 5. INTERFAX-EUROPE - Standard & Poor's has lowered its long-term local currency ratings on the Czech Republic from AA- to A+ and its short-term local currency ratings from A-1+ to A-1. The agency ...
CSU predicts 8 % yr/yr drop in grain harvest.
Nov 05, 2002 ... CSU predicts 8 % yr/yr drop in grain harvest Prague. November 4. INTERFAX-EUROPE - This year's grain harvest will amount to 6.7 mln tonnes, a decline of 7.6 % yr/yr, according to the Czech Statistical Office (CSU). In its last harvest forecast, the CSU reiterated its ...
Strojtransgaz pays USD 7.5 mln for stake in Czech-Russian bank PCRB.
Nov 05, 2002 ... Strojtransgaz pays USD 7.5 mln for stake in Czech-Russian bank PCRB Prague. November 4. INTERFAX-EUROPE - The Russian gas company Strojtransgaz has become the owner of 50 % of the Czech-Russian bank Prvni cesko-ruska bank (PCRB). The Russian firm paid USD 7.5 mln, ...
Spidla government hasn't ruled out possibility of 'flood tax'.
Nov 05, 2002 ... Spidla government hasn't ruled out possibility of 'flood tax' Prague. November 5. INTERFAX-EUROPE - The Czech government is still considering the possibility of a special tax to cover the damages from mid-August floods, Czech Premier Vladimir Spidla said Monday. "It ...
Unipetrol 9M consolidated figures show CZK 8 mln loss.
Nov 05, 2002 ... Unipetrol 9M consolidated figures show CZK 8 mln loss Prague. November 4. INTERFAX-EUROPE - The Unipetrol group showed a consolidated net loss of CZK 8 mln in the first nine months of this year, Unipetrol spokesman Tomas Jursik told Interfax. The company posted a ...
Czech press review November 6 - Economics.
Nov 06, 2002 ... Czech press review November 6 - Economics Prague November 6. INTERFAX EUROPE - The downgrading of the Czech Republic's local currency rating and its ability to repay its debts by Standard & Poor's dominates the economic commentary in today's Czech dailies. Writing in ...
Czech press review November 6 -- Politics.
Nov 06, 2002 ... Czech press review November 6 -- Politics Prague November 6. INTERFAX EUROPE -Current Senate chairman Petr Pithart (Christian Democrats - KDU-CSL) plans to put up a fight to remain in his post following the recent Senate elections, reports Wednesday's Lidove noviny (LN). Pithart ...
SkoFIN sees volume of leasing contracts fall CZK 650 mln yr/yr in Jan-Sept.
Nov 06, 2002 ... SkoFIN sees volume of leasing contracts fall CZK 650 mln yr/yr in Jan-Sept Prague. November 6. INTERFAX-EUROPE - Czech leasing firm SkoFIN signed 26,900 contracts worth a total of CZK 9.64 bn in the first nine months of 2002, down from 31,500 contracts worth CZK 10.29 bn in the ...
CEZ proposes settlement with engineering firm Skoda Praha.
Nov 06, 2002 ... CEZ proposes settlement with engineering firm Skoda Praha Prague. November 6. INTERFAX-EUROPE - Dominant Czech power utility CEZ has dropped plans to sue Skoda Praha, its general technology supplier, over a CZK 600 mln fine related to delays in the start-up of the Temelin ...
Authorities okay renewed testing for start up of Temelin nuclear plant's second block.
Nov 06, 2002 ... Authorities okay renewed testing for start up of Temelin nuclear plant's second block Prague. November 6. INTERFAX-EUROPE - The State Authority for Nuclear Safety (SUJB) on Tuesday gave its approval to the Temelin nuclear power plant to continue tests for the power start-up of ...
Insurer ING hikes pre-tax profit to CZK 560 mln in Jan-Sept 2002.
Nov 06, 2002 ... Insurer ING hikes pre-tax profit to CZK 560 mln in Jan-Sept 2002 Prague. November 6. INTERFAX-EUROPE - Insurer ING Nationale-Nederlanden raised its pre-tax profit to CZK 559 mln in the first nine months of 2002, up from CZK 390 mln a year earlier, according to figures released ...
Germany's Schroeder sure of EU expansion at Copenhagen summit, but on Brussels' terms.
Nov 06, 2002 ... Germany's Schroeder sure of EU expansion at Copenhagen summit, but on Brussels' terms Warsaw. November 5. INTERFAX-EUROPE -- German Chancellor Gerhard Schroeder is convinced that EU accession negotiations with the 10 EU candidate countries could be wrapped up in time for the ...