HOT TOP|Markets & Finance|Politics & Policy
István Léko|10.05.2011

Prague districts threatened as Key Investments collapses

Three Prague districts that invested through the opaque brokerage Key Investments now look likely to be saddled with illiquid bonds

Three Prague councils that placed hundreds of millions of crowns with Key Investments now look unlikely to see any of their cash returned soon — the controversial brokerage has lost its license to trade in securities. The district councils may be stuck with illiquid bonds and a lot of questions for the mayors (including the current Environment Minister) who pushed through the rash investments.

Markets & Finance|Media & PR
Chris Johnstone|03.05.2011

Survival threat to Czech pigs told in ministry video

The Ministry of Agriculture has paid for an almost fairly tale video explaining why Czech pigs are not making their way to the local market starring the minister himself. The video is meant to explain the sector's problems with the number of Czech pigs halving since 1995.  

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Markets & Finance|Energy & Green Biz
Brian Kenety|29.04.2011

Unipetrol nets Kč 464 mln

Prague-listed petrochemicals group Unipetrol, the largest refiner in the Czech Republic, announced first quarter 2011 results Friday showing net profit up 50 percent year on year at Kč 464 million, in line with market expectations.

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Markets & Finance|Media & PR
Raymond Johnston|27.04.2011

CME’s Q1 revenue beats expectations

Bermuda-based media company Central European Media Enterprises (CME) saw net revenue of $172.8 million in the first three months of 2011, a 20.3 percent increase over the same period last year. Operating income before depreciation and amortization (OIBDA) for the first quarter rose to $14.2 million from $841,000 in 2010.

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Markets & Finance
Michael Stein|26.04.2011

Credo invests €1 mln in Cognitive Security

Czech venture capital firm Credo Ventures has announced an investment of around €1 million into Prague-based Cognitive Security, a provider of state-of-the-art network security solutions for both corporate and small and medium-size business markets.

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Markets & Finance
Raymond Johnston|14.04.2011

Komerční banka wins award for best deal

Czech bank Komerční banka (KB) has received the GTR Best Deals 2010 award from UK-based magazine Global Trade Review for the bank’s export credit for the financing of infrastructure and supply of special equipment and services in Azerbaijan. KB is the only Czech bank to win the award for three times.

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Markets & Finance
Radomír Šimek|14.04.2011

German investors souring on Czech firms

The good news from a German Chamber of Commerce and Industry survey is that an overwhelming number of investors see the Czech economic situation as ‘good’ or ‘satisfactory.’ But the downside is that 30 percent of respondents said they would not invest here again if given the option. Meanwhile, neighboring Slovakia’s star is on the rise.

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Markets & Finance|Energy & Green Biz
Chris Johnstone|13.04.2011

Turkish petro firm ‘circling’ ČEZ JV

Turkish energy giant Turcas Petrol is reported to have joined bidders interested in ČEZ’s Turkish electricity generation joint venture, Akenerji

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Markets & Finance|Energy & Green Biz
Staff Writer|12.04.2011

Unipetrol stake worth $56 mln sold

A 2.98 percent stake worth in Czech downstream oil group Unipetrol worth Kč 999 million ($59.18 million) exchanged hands in a block trade of shares on Tuesday, the Reuters news agency reports the Prague Stock Exchange (BCPP) website showed.

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Markets & Finance|Companies
Chris Johnstone|12.04.2011

Insurance broker Marsh buys into Czech Insia

International insurance brokerage giant Marsh has taken the rare step of taking a stake in a Central and East European company. It has brought 15 percent of Czech brokerage Insia in a bid by both companies to grow their market shares. The cooperation has also been described as a launch pad for expansion in Poland, Hungary and Italy.

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