The financing of the Czech governing administration this 12 months ever more relies upon on cash from abroad. According to the newest data from the Ministry of Finance, overseas buyers held a document 733 billion crowns in Czech federal government bonds at the conclusion of July. Fund players purchased $ 125 billion really worth of … Read more
Midea’s story is just one of a series. In 2019, it issued and sold corporate bonds for 25 million crowns, ie close to the volume of the sub-limit issue, which counts to one million euros. The offer of eight percent bond appreciation attracted 133 investors. However, the company operating the online toy store Bejbynet.cz had … Read more
One of the largest current bond cases is the EMTC group of Tomáš Bárta. In 2018 and 2019, it issued 900 million bonds for software development. In 2019, it went into insolvency and owes about 1.8 billion, most of it on bonds. The C2H group with the Kara or Pietro Filipi brands, which is controlled … Read more
The Spanish Ministry of Finance has allowed the state railway company Renfe Operadora to buy a 50 percent stake in the Czech private railway company Leo Express. This was stated by the company in a press release, which was pointed out by the Zdopravy.cz server. The acquisition was agreed in March this year, but its … Read more
From 1 September, health insurance will not cover the preventive tests for covid-19, which people need, for example, when traveling or attending cultural events. Children under the age of 12 will have an exception, as vaccination is not yet available for them. The tests will also continue to be reimbursed to people who cannot be … Read more
On Monday, the Ministry of Finance launched the 12th issue of bonds, which can be ordered until Friday, September 17. In the previous issue, people ordered government bonds intended only for individuals for 4.54 billion crowns. The number of orders was 5,871. During 11 subscription periods, interest in savings bonds amounted to approximately CZK 33.2 … Read more
So far, the Bulovka University Hospital will not receive 90 million crowns for the operation of a field hospital at the exhibition center in Letňany, which served as a deposit in case of overcrowding of patients with covid-19. According to the Ministry of Finance, which asked for the money, the cost of the contract is … Read more
The Czech Republic’s gross domestic product (GDP) will increase by 3.3 percent this year and its growth rate will accelerate to 4.9 percent next year. In its new outlook, the Organization for Economic Co-operation and Development (OECD) predicted this on Monday. It thus significantly improved its December forecast, according to which it expected GDP growth … Read more
The sector last showed worse numbers at the start of the year in 2000, when it was in a two billion loss. This is a warning signal for this year’s bank gains, even though January is a business-specific month, experts agree. “Nobody expected this year’s lockdown in the autumn, and its impact will delay the … Read more
Czech breweries expect year-round declines in sales in the order of tens of percent. The largest manufacturers expect a decline between 20 and 40 percent, the smallest by more than 50 percent. This was stated by the Czech Association of Breweries and Malthouses. A survey of beer producers in late October found that a third, … Read more