Two top managers left Česká spořitelna

Brávek left Česká spořitelna at the end of June and will continue to advise the bank’s management by the end of the year. “Leaving the board of directors was not a difficult decision. I am celebrating my sixties this year and I think it is time to slow down a bit, “said Brávek about his […]

CEZ will write off eight billion of the value of investments in Romania

“The sale price is lower than the value of the cost of removing the assets in question from the consolidation of the CEZ Group,” says CEZ spokeswoman Alice Horakova, adding that it is therefore necessary to create a provision. The CEZ’s financial report for the first nine months then states: “A provision will be recognized […]