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 […]

Super-cheap loans are mainly given to large players

According to analysts, the slowdown in interest-bearing financing of uncertain business contributed to the fact that the average interest rate on corporate loans fell from a maximum of 3.37 percent in February this year to 1.5 percent at the end of the February holidays. This is the lowest interest rate at least in the last […]

Documents leaking that convict the world’s banks of wrongdoing

The leaked documents come from FinCEN, which falls under the US Treasury Department and deals with international financial crime. More than four hundred independent journalists from more than eighty countries worked on their analysis. The British BBC likened the meaning of “FinCen Files” to the so-called Panama Documents, a 2016 scandal involving the Panamanian company […]

Give more per share, minority owners of PFNonwovens are rioting

The main shareholder PFNonwovens Holding announced that it will buy additional shares of the Znojmo nonwovens manufacturer PFNonwovens, thus increasing its total stake in the company by more than ninety percent. This will allow him to start the process of crowding out small shareholders. “The company will submit to the CNB a request for approval […]