Hedging strategies are not general and need to be adapted to each individual company and its particular area of operations, said Marge McGrath, global head of emerging markets sales with ING. However, in the new post-crisis market conditions, commodity hedging appears to be a new necessity and Czech companies might need to learn how to integrate that into their portfolio together with the currency and interest-rate risk hedging, she said.

The market for magazines has fallen 20 percent over the last two years. One would think that PR people for media firms would be eager to get their messages out or at least the names of their publications mentioned, but that turns out not to be the case. 

Poland and Russia have struck a new gas deal on the delivery and transit of Russian gas to and through Poland, following a year and a half of negotiations. But the European Commission says the new deal lacks important details and now expects clear answers from Warsaw.