The Czech Bank Association says that if passed proposed amendments to the law on budget rules will lead to the outflow of Kč 100 billion from commercial banks, resulting in them having less money to lend. One of the main aims of the legislation put forward by Finance Minister Miroslav Kalousek (TOP 09) and approved by the government last week is to reduce lending costs for state institutions.
TVO Property Services appointed two new members to the executive board. Michal Kratochvíl has led the finance and accounting departments. Lukáš Brandejs is in charge of credit control and debt collection on behalf of TVO’s property owner clients and negotiates terms and conditions for the property owner’s tenants.