Friday, 21 September 2018

Reuters

Czechs sign USD 494 million highway toll deal with consortium

Reuters |
21 September 2018

The Czech transportation ministry signed a 10-year highway toll contract worth CZK 10.75 billion (USD 494.28 million) starting in 2020 with a consortium of CzechToll and SkyToll on Thursday, it said.

Czech investor tightens grip on Metro with additional stake

Reuters |
21 September 2018

Czech investor Daniel Kretinsky is buying more shares in German retailer Metro from Ceconomy, the companies said on Thursday, likely stoking speculation of a full bid. Metro, whose shares are down a third so far this year, has been refocusing on its core cash-and-carry business, selling its Kaufhof department stores and splitting from electronics chain Ceconomy last year - which retained a 10 percent stake.

Czech budget council says 2019 deficit target "not optimal"

Reuters |
19 September 2018

Plans by the Czech government to run a central state budget deficit of CZK 40 billion in 2019 are "not optimal", the National Budget Council said on Tuesday.

Czech PM says he stands behind Hungary after EU parliament vote

Reuters |
14 September 2018

The Czech government stands behind Hungary's Prime Minister Viktor Orban after a European Parliament vote to sanction the country for flouting EU rules, Czech Prime Minister Andrej Babis said on Thursday. The vote on Thursday was the parliament's bid to launch the punitive process of the European Union treaty's Article 7, although the vote has little chance of ending up with the ultimate penalty of Hungary being suspended from voting in the EU.

Time for Czech rate hike is close, central bank governor says

Reuters |
13 September 2018

A revved-up Czech economy is pointing to an interest rate hike as soon as this month and another possible move before the end of the year, central bank Governor Jiri Rusnok said in an interview with Reuters.

Helicopter crashes into Czech industrial hall, killing four onboard

Reuters |
6 September 2018

A small helicopter crashed into a building in an industrial zone in the Czech city of Plzeň on Wednesday, killing all four people onboard, police said. No one else was injured in the crash.

Czech central bank's Hampl: wage data confirms rate hike view

Reuters |
5 September 2018

Czech central bank Vice-Governor Mojmir Hampl said on Tuesday second-quarter wage growth data confirmed his view that interest rates should rise at the next policy sitting. "For me it is yet another reason to argue that we should hike again," Hampl, who has previously signalled he favoured a rate increase, said on the sidelines of an economic conference.

Czech investor Kretinsky says too early to know plans with Metro

Reuters |
5 September 2018

EP Global Commerce (EPGC), the investment vehicle of Czech investor Daniel Kretinsky, does not exclude buying more shares in German retailer Metro but it is too early to say if it will seek to take it private, a spokesman said on Tuesday.

Erste Bank aims to buy out small shareholders in Czech unit

Reuters |
31 August 2018

Erste Group Bank wants to buy out minority shareholders in its Czech lender Ceska Sporitelna to take full control of the profitable unit. Ceska Sporitelna has been asked by Erste to call a general meeting to vote on the proposal, according to a filing on the Czech bank's website. Czech daily E15 was the first to report the news.

In the land of pilsner, Czech hops suffer amid drought

Reuters |
31 August 2018

Fans of sought-after Czech hops might be left a little thirsty this year as the prized hops are the latest victim of a summer drought, cutting yields by about 30 percent below average. Czech hop growers are likely to fare worse than the world's main producers, Germany and the United States, which account for about three-quarters of the global supply. Only a mild drop is expected in those countries in 2018. In 2017, global production reached 118,400 tonnes.

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