HOT TOP|Politics & Policy|Society
István Léko|03.07.2012

Key Investments files for insolvency, remains a threat to Czech elite

The opaque brokerage Key Investments — into which nearly Kč 1 billion of public funds has apparently been lost or embezzled — has filed for insolvency and will probably go into liquidation. This does not mean, however, that Key Investments will cease to be a threat to the myriad politicians who profited from deals with the brokerage over the past decade. The potential for blackmail and settling political scores is huge.

Staff Writer|27.06.2011

Steelmaker Třinecké železárny ends another year in red

In its annual report for 2010, Třinecké železárny – Moravia Steel group has posted a loss of Kč 632 million for 2010. The loss was around Kč 100 million less than in the previous year and the company was again the largest Czech producer of raw steel.