The Prague Post
http://www.aaaradiotaxi.cz/index.php?xSET=lang&xLANG=2
December 4th, 2008
Endowment Fund     Business Listings ONLINE      Reservations      Classifieds    star Gift Subscriptions
Prague accommodation

Home » Archives » Business Archives

Business Headlines

August 30th, 2006 | Current Issue

Banking on the state
Czech Airlines warns that it could go under without government aid

New PM will put off state sell-offs
Topolánek wants new elections before state companies privatized

Soccer clubs losing sponsorships
Teams face revenue losses of up to 25 percent as ads dry up

PPF buys 3 Ukrainian financial institutions
Consumer lending group Home Credit enters growing market

Dates of Note

10 questions
with JiRí Musil
10 Questions

Movers & Shakers
The Post names new GM
Movers & Shakers

BRIEFS


  • TELECOM -
    • Alternative telecom operators will be able to charge monthly fixed-line fees starting next year, according to the Czech Telecommunications Office. This will allow their customers to receive a single bill. Currently, customers of all telecom operators pay a separate bill to Telefonica O2 for using fixed-lines cables.

  • FINE -
    • Natural gas giant RWE Transgas filed an appeal Aug. 25 against an Anti-Monopoly Office (ÚOHS) decision to fine the company 370 million Kč ($17 million) for abusing its dominant position on the market and hurting competition. ÚOHS Chairman Martin Pecina said the office will lower the fine if the company makes steps to improve the market.

  • SHARES -
    • State-run power producer ČEZ said Aug. 28 it would squeeze out minority shareholders from power distributor Severočeská energetika (SČE), in which it holds 96.14 percent stake. Minority shareholders would get 3,575 Kč per each SČE share worth 1,000 Kč, according to Soňa Hendrychová, ČEZ spokeswoman for northern Bohemia.

  • DECREASE -
    • The Czech division of Philip Morris saw its share price fall by 8.5 percent Aug. 25 after it announced a 27 percent drop in net profit and a 16 percent decrease in sales for the first half of the year. The company's profit amounted to 1.1 billion Kč. The company said that smokers shifted to cheaper cigarette brands due to higher taxes.

  • DRUGS -
    • Health Minister David Rath's girlfriend, Renata Horká, is representing generic drug producer Zentiva in drug reimbursement talks with the ministry. International Association of Pharmaceutical Companies Director Jana Mikotová told Mladá fronta Dnes Aug. 28 that the ministry favors Zentiva to the detriment of other producers. Rath told media last November that he regretted he had not bought Zentiva stock.

  • IMAGE -
    • The Kaspen advertising agency dropped Vodafone ČR as a client Aug. 25 after three years of cooperation, due to a difference in culture. Kaspen disagreed with the idea of returning to the Oskar-era image of being an affordable operator for everyone. The agency denied the decision had been motivated by Vodafone's financial results.

  • TELEVISION -
    • After a seven-year lawsuit, Vilja became the majority owner of CET 21, which broadcasts TV Nova. Vilja is controlled by Central European Media Enterprises (CME) and now holds a 54.6 percent stake in CET 21. CME owns another 16.7 percent. The remaining 28.755 percent is registered as a freed stake taken from former owner and director Vladimír Železný.

  • LOSS -
    • The publisher of the weekly Respekt, R-Presse, reduced losses to 3.7 million Kč last year from 3.9 million Kč in 2004, according to the company's financial statement. Sales rose by 1.2 percent to 22.8 million Kč, the company announced. Respekt's gross income from advertising decreased by 6.6 percent to 16.5 million Kč last year, according to agency TNS A-Connect.

    Most visited in Business Listings

    Hotel booking
    The Prague Post Online contains a selection of articles that have been printed in
    The Prague Post, a weekly newspaper published in the Czech Republic.
    To subscribe to the print paper, click here.
    Unauthorized reproduction is strictly prohibited.