Czech Business News back issues from March 2005:
CSA expects to up profits 100 % in 2005.
Mar 01, 2005 ... CSA expects to up profits 100 % in 2005 Prague. March 1. INTERFAX EUROPE - Czech Airlines (CSA), the state-owned carrier, expects to post a CZK 521 mln profit this year, up over 100 % from its 2004 bottom line. CSA expects to transport 5.4 mln passengers in 2005, up ...
STE power distributor nets CZK 720 mln.
Mar 01, 2005 ... STE power distributor nets CZK 720 mln Prague. March 1 INTERFAX EUROPE - The Central Bohemian power distributor Stredoceska energetika (STE) netted CZK 718 mln in 2004, up 80 % yr/yr, according to results released by the firm. STE attributes the growth mainly to ...
Setuza edible oils producer ends 2004 in red.
Mar 01, 2005 ... Setuza edible oils producer ends 2004 in red Prague. March 1. INTERFAX EUROPE - Setuza, the Czech producer of edible oils, lost CZK 296 mln in 2004, according to preliminary results published Tuesday. In 2003, Setuza netted CZK 35.5 mln. Sales rose ...
Zivnostenska banka nets CZK 200 mln in 2004.
Mar 01, 2005 ... Zivnostenska banka nets CZK 200 mln in 2004 Prague. March 1. INTERFAX EUROPE - Zivnostenska banka (ZB) netted CZK 195 mln in 2004 by Czech accounting standards (CSA), down roughly 25 % yr/yr, the bank announced Tuesday. The audited net profit was slightly higher than ...
Telecom GTS completes acquisition of Aliatel.
Mar 01, 2005 ... Telecom GTS completes acquisition of Aliatel Prague. March 1 INTERFAX EUROPE - The Czech telecom GTS has completed is acquisition of rival Aliatel, GTS announced Tuesday. The successor of the two merged firms will be named GTS Novera. The price for which ...
Sokolovska uhelna mining company doubles profit in 2004.
Mar 01, 2005 ... Sokolovska uhelna mining company doubles profit in 2004 Prague. March 1 INTERFAX EUROPE - The Czech brown coal mining firm Sokolovska uhelna (SU) saw its net profit rise to CZK 958 mln last year from CZK 490 mln a year earlier, according to preliminary results released by the ...
National air carrier CSA signs collective agreement with 8 of 9 unions.
Mar 01, 2005 ... National air carrier CSA signs collective agreement with 8 of 9 unions Prague. March 1. INTERFAX EUROPE - Management at CSA, the Czech national airline, has reached a deal on collective agreements with the firm's aircraft mechanics' union and the flight attendants unions, CSA ...
Czech Airlines to build repair center worth CZK 1.3 bn in Prague.
Mar 01, 2005 ... Czech Airlines to build repair center worth CZK 1.3 bn in Prague Prague. March 1 INTERFAX EUROPE - National air carrier Ceske aerolinie (CSA) will build a repair center in Prague that will create 400 jobs, Jana Viskova of the government agency CzechInvest told Interfax. ...
Czech Airlines expects profit to double to CZK 520 mln this year.
Mar 01, 2005 ... Czech Airlines expects profit to double to CZK 520 mln this year Prague. March 1. INTERFAX EUROPE - Czech national airline CSA expects to post a profit of CZK 521 mln in 2005, more than double its bottom line of CZK 250 mln last year, the firm's CEO Jaroslav Tvrdik said at a ...
Czech Finance Ministry to issue bonds worth CZK 30 bn in 2Q 2005.
Mar 01, 2005 ... Czech Finance Ministry to issue bonds worth CZK 30 bn in 2Q 2005 Prague. March 1 INTERFAX EUROPE - The Czech Finance Ministry will issue bonds worth CZK 29 bn in 2Q of this year, the Ministry announced Tuesday. The Ministry plans three bond issues in Czech crowns with ...
Czech press review -- Politics.
Mar 01, 2005 ... Czech press review -- Politics Prague. March 1. INTERFAX EUROPE - Pavel Verner says early elections are not as easy a prospect as the opposition Civic Democrats (ODS) would have you think. Early elections would destabilize the country and send "dubious" signals abroad. The only ...
Czech press review -- Economics.
Mar 01, 2005 ... Czech press review -- Economics Prague. March 1. INTERFAX EUROPE - Czech purchasing power is among the highest in the new EU member states, according to a study by the Swiss bank UBS. Prague ranked 46th out of 71 world capitals. Of the other new EU countries, only the Slovenian ...
CSU: government deficit falls to 3.9 % of GDP in 2004.
Mar 01, 2005 ... CSU: government deficit falls to 3.9 % of GDP in 2004 Prague. March 1 INTERFAX EUROPE - The government deficit dropped to 3.9 % of GDP last year from 12.5 % in 2003, according to data from the Czech Statistical Office (CSU). The Finance Ministry expected the deficit ...
Czech state budget shows CZK 3 bn deficit in February.
Mar 01, 2005 ... Czech state budget shows CZK 3 bn deficit in February Prague. March 1 INTERFAX EUROPE - The Czech state budget posted a deficit of CZK 2.6 bn in February, compared to a surplus of CZK 3.5 bn one month earlier, the Finance Ministry announced Tuesday. In the same period ...
Prague bourse's offical PX 50 index closes above 1,200 level for first time.
Mar 01, 2005 ... Prague bourse's offical PX 50 index closes above 1,200 level for first time The Prague bourse improved to an all-time-high on Tuesday. The bourse's official PX-50 index was up 1.08 % to 1,212.9, while the blue-chip PX D index added 1.47 % to 2,936.0. The ...
Indices, Prague Stock Exchange (PSE), 01/03/2005.
Mar 01, 2005 ... Indices, Prague Stock Exchange (PSE), 01/03/2005 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, 01/03/2005.
Mar 01, 2005 ... Prague Stock Exchange (PSE), Secondary market share trading fixing, 01/03/2005 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. ...
Bonds prices rise on Tuesday.
Mar 01, 2005 ... Bonds prices rise on Tuesday Prices of Czech bonds went up slightly on Tuesday. The Finance Ministry announced today it would issue bonds in Czech crowns worth a total of CZK 29 bn in 2Q of this year. ...
Crown firms to 2.5-year maximum against euro.
Mar 01, 2005 ... Crown firms to 2.5-year maximum against euro The crown firmed again on Tuesday. The domestic currency strengthened gradually during the day, rising from CZK 29.66/EUR to CZK 29.58/EUR, where it closed at a 2.5-year high, says Vladimir Kvasnicka of Komercni banka. ...
Czech National Bank, PRIBOR and PRIBID rate fixing, 01/03/2005.
Mar 01, 2005 ... Czech National Bank, PRIBOR and PRIBID rate fixing, 01/03/2005 Offered Rate ...
Regional power distributor SCE doubles profit.
Mar 02, 2005 ... Regional power distributor SCE doubles profit Prague. March 2 INTERFAX EUROPE - The North Bohemian power distributor Severoceska energetika (SCE) saw its 2004 profit nearly double yr/yr, reaching CZK 937 mln, according to figure released by the firm. SCE attributes ...
Energy and heat producer Energetika Trinec grosses CZK 100 mln in 2004.
Mar 02, 2005 ... Energy and heat producer Energetika Trinec grosses CZK 100 mln in 2004 Prague. March 2 INTERFAX EUROPE - The energy and heat producer Energetika Trinec showed a gross profit of CZK 102 mln in 2004, up from CZK 51 mln a year earlier, spokeswoman Dusana Chrenekova told Interfax. ...
West Bohemian power distributor nets almost CZK 1 bn in 2004.
Mar 02, 2005 ... West Bohemian power distributor nets almost CZK 1 bn in 2004 Prague. March 2 INTERFAX EUROPE - Zapadoceska energetika (ZCE), the West Bohemian power distributor, saw its net profit double yr/yr to CZK 987 mln in 2004, according to results released by the firm. ZCE's ...
SCP gas distributor nets CZK 300 mln in 2004.
Mar 02, 2005 ... SCP gas distributor nets CZK 300 mln in 2004 Prague. March 2. INTERFAX EUROPE - The North Bohemian gas distributor Severoceska plynarenska (SCP) netted CZK 299 mln in 2004, up by almost 20 % yr/yr according to audited results released Wednesday. Sales rose by CZK 333 ...
Energy distributor VCE plans investments worth CZK 975 mln this year.
Mar 02, 2005 ... Energy distributor VCE plans investments worth CZK 975 mln this year Prague. March 2 INTERFAX EUROPE - The East Bohemian power distributor Vychodoceska energetika (VCE) plans to invest CZK 975 mln this year, VCE's press department announced. The figure is 5 % below ...
Czech insurers see growth in billed premiums slow to 7 % in 2004.
Mar 02, 2005 ... Czech insurers see growth in billed premiums slow to 7 % in 2004 Prague. March 2. INTERFAX EUROPE - Insurance companies belonging to the Czech Insurance Association billed premiums of CZK 111.5 bn in 2004, an increase of 6.6 % yr/yr, the association's general secretary, Jaroslav ...
CME strikes deal to acquire minority stake in TV Nova.
Mar 02, 2005 ... CME strikes deal to acquire minority stake in TV Nova Prague. March 2. INTERFAX EUROPE - Central European Media Enterprises (CME) has reached an agreement with Petr Krsak to acquire Krsak's entire minority ownership stake of 17 % in CET 21, the firm which holds the broadcast ...
Konpo to offer block of claims worth CZK 2.5 bn in tender.
Mar 02, 2005 ... Konpo to offer block of claims worth CZK 2.5 bn in tender Prague. March 2 INTERFAX EUROPE - The Czech bailout agency Ceska konsolidacni agentura (CKA) is preparing a tender for the sale of a block of claims, worth a nominal CZK 2.5 bn, from the portfolio of its subsidiary Konpo, ...
Poll shows one in six Czechs shops online.
Mar 02, 2005 ... Poll shows one in six Czechs shops online Prague. March 2 INTERFAX EUROPE - Every sixth Czech over the age of 15 has purchased a product or service online, according to a poll by the Factum Invenio agency. However, only 4 % of the Czech population is a regular client ...
Czech GDP adds 8 % in market prices in 2004.
Mar 02, 2005 ... Czech GDP adds 8 % in market prices in 2004 Prague. March 2. INTERFAX EUROPE - The Czech Republic's gross domestic product (GDP) increased by CZK 200 bn in market prices to CZK 2.75 trillion in 2004, the Czech Statistical Office (CSU) reported on Monday. The Czech ...
Poll says over 40 % of Czechs want same gov't, new premier.
Mar 02, 2005 ... Poll says over 40 % of Czechs want same gov't, new premier Prague. March 2. INTERFAX EUROPE - A full 42 % of Czechs would like to see the current government retain office, but under a different premier, according to a poll by the STEM agency. On the other hand, 40 % ...
Czech press review -- Politics.
Mar 02, 2005 ... Czech press review -- Politics Prague. March 2. INTERFAX EUROPE - The Christian Democrats (KDU-CSL), the junior partner in the CR's three-party coalition government, are continuing to demand the head of Premier Stanislav Gross (Social Democrat, CSSD) over a scandal involving the ...
Czech press review -- Economics.
Mar 02, 2005 ... Czech press review -- Economics Prague. March 2. INTERFAX EUROPE - Corruption is seen as obstacle to doing business in the Czech Republic by 12.5 % of Western European firms. The Czech Republic is the fifth least corrupt country in Eastern Europe, according to a survey of the ...
Prague bourse corrects all-time high on Wednesday.
Mar 02, 2005 ... Prague bourse corrects all-time high on Wednesday The Prague bourse slid from an all time-high on Wednesday. The bourse's official PX-50 index was down 0.13 % to 1,211.3, while the blue-chip PX D index fell 0.46 % to 2,922.6. The PX-50 index is now 55 % ...
Indices, Prague Stock Exchange (PSE), 02/03/2005.
Mar 02, 2005 ... Indices, Prague Stock Exchange (PSE), 02/03/2005 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, 02/03/2005.
Mar 02, 2005 ... Prague Stock Exchange (PSE), Secondary market share trading fixing, 02/03/2005 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 crown stagnates on Wednesday.
Mar 02, 2005 ... Czech crown stagnates on Wednesday After a couple of days of firming, the crown stabilized on Wednesday, says Jan Vejmelek of Komercni banka. The crown stagnated within a narrow range of CZK 29.64-29.70/EUR. On Tuesday, the crown improved its 2.5-year high to CZK ...
Czech National Bank, PRIBOR and PRIBID rate fixing, 02/03/2005.
Mar 02, 2005 ... Czech National Bank, PRIBOR and PRIBID rate fixing, 02/03/2005 Offered Rate ...
T-Mobile sees profit fall to 4 bn in 2004.
Mar 03, 2005 ... T-Mobile sees profit fall to 4 bn in 2004 Prague. March 3. INTERFAX EUROPE - T-Mobile, the Czech Republic's second biggest mobile operator, saw its net profit fall to CZK 4.24 bn in 2004 from CZK 4.42 bn a year earlier, according to results released by the firm on Thursday. ...
Euro OnLine: Austrian firm seeks to buy KMV's stake in Podebradka water company.
Mar 03, 2005 ... Euro OnLine: Austrian firm seeks to buy KMV's stake in Podebradka water company Prague. March 3. INTERFAX EUROPE - The Austrian company MIRA Beteiligungsholding has asked the Czech Anti-Monopoly Office (UOHS) for permission to acquire 51 % of the Czech mineral water producer ...
Fezko posts record sales just under CZK 1 bn in 2004.
Mar 03, 2005 ... Fezko posts record sales just under CZK 1 bn in 2004 Prague. March 3. INTERFAX EUROPE - Fezko Strakonice, a producer of automobile seat covers, saw sales climb 33.5 % yr/yr to a record CZK 952 mln in 2004, the company announced on Wednesday. Exports accounted for 22.7 ...
Skoda Auto to pay CZK 1.5 bn in dividends, turn out over 500,000 cars this year.
Mar 03, 2005 ... Skoda Auto to pay CZK 1.5 bn in dividends, turn out over 500,000 cars this year Prague. March 3. INTERFAX EUROPE - Skoda Auto (SA) will pay dividends worth CZK 1.54 bn to its 100 % shareholder, Germany's Volkswagen (VW), from its 2004 profit, SA announced Thursday. ...
Bernard brewery ups sales over 15 % in 2004.
Mar 03, 2005 ... Bernard brewery ups sales over 15 % in 2004 Prague. March 3. INTERFAX EUROPE - The Bernard family brewery produced over 127,000 hectoliters of beer in 2004, up 4 % yr/yr. Sales rose 17 % over 2003, to CZK 176 mln, thanks, in part, to higher beer prices, the firm ...
Budvar brewerery sees profit, output slide in 2004.
Mar 03, 2005 ... Budvar brewerery sees profit, output slide in 2004 Prague. March 3. INTERFAX EUROPE - Czech brewery Budejovicky Budvar (BB) posted a gross profit of CZK 312 mln in 2004, a decline of 11 % from the previous year, the firm's sales director Robert Chrt told journalists Thursday. ...
Health insurer HZP ups revenues to CZK 5 bn in 2004.
Mar 03, 2005 ... Health insurer HZP ups revenues to CZK 5 bn in 2004 Prague. March 3. INTERFAX EUROPE - Czech health insurer Hutnicka zamestanecka pojistovna (HZP) saw its revenues form public health insurance payments increase by 6 % yr/yr to CZK 4.8 bn, HZP's Jan Noga told journalists ...
CSOB Pojistovna insurer bills premiums of CZK 6 bn in 2004.
Mar 03, 2005 ... CSOB Pojistovna insurer bills premiums of CZK 6 bn in 2004 Prague. March 3 INTERFAX EUROPE - Czech insurer CSOB Pojistovna showed billed premiums worth CZK 6.06 bn in 2004, up from CZK 6 bn a year ago, according to figures released by the firm. In March 2004, the ...
T-Mobile operator registers highest number of business clients in Czech Republic.
Mar 03, 2005 ... T-Mobile operator registers highest number of business clients in Czech Republic Prague. March 2 INTERFAX EUROPE - Mobile operator T-Mobile has the highest number of business clients of the three mobile phone operators on the Czech market, a new survey shows. ...
Study says Czech tax burden 7th highest in EU.
Mar 03, 2005 ... Study says Czech tax burden 7th highest in EU Prague. March 3. INTERFAX EUROPE - The Czech tax burden is the seventh highest in the European Union, according to a study by the Labor and Social Affairs Research Institute. Contributions paid to the state by employees ...
Sobotka puts costs of Czech economic transformation at CZK 600 bn to date.
Mar 03, 2005 ... Sobotka puts costs of Czech economic transformation at CZK 600 bn to date Prague. March 3. INTERFAX EUROPE - The transformation of the Czech economy from 1990 to 2004 has cost over CZK 600 bn, with the bulk of that going to the restructuring of banks and private companies, ...
Czech press review -- Politics.
Mar 03, 2005 ... Czech press review -- Politics Prague. March 3. INTERFAX EUROPE - Pavel Masa says Czech Premier Stanislav Gross' (Social Democrat, CSSD) demand that top party officials take an oath of loyalty to him is simply an attempt to "hide his own problems and failure behind the largest ...
Czech press review -- Economics.
Mar 03, 2005 ... Czech press review -- Economics Prague. March 3. INTERFAX EUROPE - The Czech betting company Sazka is now taking bets on the development of the Prague Stock Exchange's (BCPP) PX 50 share index. Bookmakers believe the PX 50 will be between 1,191 and 1,230 points by the end of ...
Prague bourse loses 0.5 % on Thursday.
Mar 03, 2005 ... Prague bourse loses 0.5 % on Thursday The Prague bourse continued to lose ground on Thursday. The bourse's official PX-50 index was down 0.51 % to 1,205.1, while the blue-chip PX D index fell 0.63 % to 2,904.2. The bourse was pulled down mainly by shares of ...
Indices, Prague Stock Exchange (PSE), 03/03/2005.
Mar 03, 2005 ... Indices, Prague Stock Exchange (PSE), 03/03/2005 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, 03/03/2005.
Mar 03, 2005 ... Prague Stock Exchange (PSE), Secondary market share trading fixing, 03/03/2005 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. ...
Yield in 52-week T-bills auction drops to 2.06 %.
Mar 03, 2005 ... Yield in 52-week T-bills auction drops to 2.06 % The yield in today's auction of 52-week T-bills amounted to 2.06 %, down from 2.70 % in a similar auction on January 20, the Czech National Bank (CNB) announced. Thursday's meeting of the CNB board ended ...
Czech crown firms to new 2.5-year record Thursday.
Mar 03, 2005 ... Czech crown firms to new 2.5-year record Thursday The Czech crown firmed again on Thursday. The crown was flat at CZK 29.65/EUR in the morning. In the afternoon, the crown strengthened to CZK 26.555/EUR, the strongest level in the past 2.5 years, following gains on ...
Czech National Bank, PRIBOR and PRIBID rate fixing, 03/03/2005.
Mar 03, 2005 ... Czech National Bank, PRIBOR and PRIBID rate fixing, 03/03/2005 Offered Rate ...
PPF consortium pulls out of Cesky Telecom privatization tender.
Mar 04, 2005 ... PPF consortium pulls out of Cesky Telecom privatization tender Prague. March 4 INTERFAX EUROPE - The consortium led by the PPF financial group has pulled out from a tender for a state-held stake in Cesky Telecom (CT), PPF press department says. The other members of ...
Government coalition agrees on cease-fire until CSSD's Easter conference.
Mar 04, 2005 ... Government coalition agrees on cease-fire until CSSD's Easter conference Prague. March 4 INTERFAX EUROPE - The Christian Democrats (KDU-CSL), a junior member in the current coalition, have announced they will suspend their demand that Prime Minister and Social Democratic Party ...
Eurotel launches high-speed EDGE internet service.
Mar 04, 2005 ... Eurotel launches high-speed EDGE internet service Prague. March 4 INTERFAX EUROPE - Eurotel, the country's biggest mobile phone operator, began offering fast internet access via Enhanced Data Rates for Global Evolution (EDGE) technology this week. EDGE provides an ...
Privatization committee allows France Telecom to bid for Cesky Telecom.
Mar 04, 2005 ... Privatization committee allows France Telecom to bid for Cesky Telecom Prague. March 4 INTERFAX EUROPE - The commission overseeing the privatization of dominant fixed-line operator Cesky Telecom (CT) on Friday approved the participation of France Telecom in the tender, National ...
Agrofert group grosses CZK 4 bn on sales of CZK 75 bn last year.
Mar 04, 2005 ... Agrofert group grosses CZK 4 bn on sales of CZK 75 bn last year Prague. March 4 INTERFAX EUROPE - The Agrofert group, owned by Czech businessman Andrej Babis, saw its unconsolidated gross profit rise by CZK 1.6 bn yr/yr to CZK 4.1 bn in 2004, the daily Hospodarske noviny reports ...
Gas distributor JMP sees net profit rise to CZK 630 mln in 2004.
Mar 04, 2005 ... Gas distributor JMP sees net profit rise to CZK 630 mln in 2004 Prague. March 3. INTERFAX EUROPE - North Moravian gas distributor Jihomoravska plynarenska (JMP) posted a net profit of CZK 627.4 mln in 2004, an increase of nearly 20 % over the previous year, according to figures ...
West Bohemian gas distributor ZCP ups 2004 net by over 10 % yr/yr.
Mar 04, 2005 ... West Bohemian gas distributor ZCP ups 2004 net by over 10 % yr/yr Prague. March 3. INTERFAX EUROPE - West Bohemian gas distributor Zapadoceska plynarenska (ZCP) showed a net profit of CZK 337 mln in 2004, an increase of 11 % from the previous year, according to figures released ...
Ceska sporitelna to pay compensation to clients of three bankrupt brokers.
Mar 04, 2005 ... Ceska sporitelna to pay compensation to clients of three bankrupt brokers Prague. March 4 INTERFAX EUROPE - Ceska sporitelna (CS), one of the country's biggest banks, will begin additional payments of guarantees worth CZK 11.7 mln to 290 clients of three bankrupt securities ...