
News report of 18.04.2008
Czech Republic & Slovakia Business Weekly
FINANCIAL & ECONOMIC NEWS
NEWS
PRESS: Czech central bank may grant license to First Czech-Russian Bank (PCRB) subsidiary
Moody’s assigns UniCredit Slovakia ’D+’ BFSR rating, ’A2/P-1’ forex deposit rating
Czech retail sales growth accelerates to 6.3% y/y in February, above market expectations
Czech current account surplus in February widens to CZK 11.78 bln, above market expectations
Czech PPI in March at 5.3% y/y on back of rising coke and refinery products
STATISTICS
Slovak unemployment down to record low of 7.59% in March
Slovak inflation at 3.6% in March, 12-month average seen well below Maastricht limit
POLITICS
PRESS: European Greens soften stance on stationing U.S. anti-missile radar in Czech territory
COMPANY NEWS
TRANSPORTATION
State carrier Czech Airlines to launch flights to Russia’s Rostov-on-Don, Georgian capital Tbilisi
EC to provide aid for investment into ’clean’ Czech public transport buses
EC opens investigation into Czech state aid to bus operators in Usti nad Labem region
British bus/rail operator Arriva buys Hungarian Interbus for GBP 25.4 bln, will enter Slovak market
Czech used-car dealer AAA Auto audited 2007 results show EUR 4.8 mln loss
PHARMACEUTICALS & HEALTHCARE
PRESS: Czech drugmaker Zentiva to launch generic Viagra on domestic market by 2011
RETAIL & CONSUMER GOODS
Regional used-car dealer AAA Auto says likely property sell-off only concerns Czech assets
Prague-listed AAA Auto to sell real estate via tenders, divest from non-core businesses
Swiss global travel retailer Dufry to operate chain of duty free shops at Prague airport
MEDIA
Prague-listed regional broadcaster CME acquires Romanian radio channels for USD 20.6 mln
REAL ESTATE
Swedish Skanska to head consortium building CZK 5 bln Czech highway section to Polish border
Czech builder PSJ ups 2007 net profit 149% y/y, eyes Ukraine, Kazakhstan projects in 2009
Prague-listed developer Orco Property Group completes first stage of Palace Archa
Prague residential market sees prime investors replacing buy-to-let investors as yields drop
ENERGY NEWS
OIL & PETROCHEMICALS
Prague-listed Czech petrochem Unipetrol’s Q1 wholesale motor fuel sales down, retail sales rise
Czech retail fuel prices mixed; top-selling Natural 95 rises to CZK 30.78/liter
PRESS: Czech oil/gas explorer MND to survey for new oil deposits in Moravia
GAS
Czech oil/gas miner MND, Russian Gazprom unit to build Czech underground gas storage facility
PRESS: Czech gas Ceska plynarenska signs delivery contract with Norway’s StatoilHydro
COAL
Czech coal miner Sokolovska uhelna ups net profit 50% y/y in 2007 to CZK 1.5 bln
IPO WATCH: Czech hard coal miner NWR applies to list shares on Prague bourse
HEAT, POWER & SEWAGE
PRESS: Romanian state to up stake in new Cernavoda nuclear reactors to 51% from 20%
Romanian nuclear project Cernavoda delayed due to political decision – Czech CEZ says
Czech power utility CEZ seeks talks with Poland on buyout of stakes in Skawina, Elcho plants
PRESS: Czech utility CEZ to keep 50-60% dividend payout, won’t immediately launch buy-back
ALTERNATIVE ENERGY
PRESS: Czech state to invest CZK 300 mln in ’second-generation’ biofuel plant in Lovosice
Czech utility CEZ to invest CZK 5.5 bln in renewable sources by 2012, mainly in wind power sector
IT & TELECOMMUNICATIONS
LANDLINE/MOBILE TELECOMS
Prague-listed Telefonica O2 approves CZK 50 per-share dividend
Telefonica O2 Czech unit in talks with property portfolio tender final bidder Czech BREI
Prague-listed Telefonica 02 pays rival T-Mobile CZK 2 bln to lift judicial ban affecting assets
BANKING & FINANCE NEWS
BANKING
IPO WATCH: Consumer lender Profi Credit Czech ups net profit 28% y/y, revenues 24% y/y
Most Czech mortgage lenders expect slowdown this year; won’t tighten conditions
INSURANCE
Prague-listed Vienna Insurance Group (VIG) approves 34% higher dividend per share
FINANCIAL SERVICES
U.S. credit reporter Equifax to buy 28% stake in Russian GPCS, partner with Czech PPF unit
FUNDS
U.S. buyout firm Advent raises EUR 1 bln for fund targeting expanding CEE companies
EMERGING MARKETS NEWS HIGHLIGHTS
Russia’s concerns over U.S. missile shield plans may be soothed – Foreign Minister Lavrov
Ukraine could pump Caspian oil via Odessa-Brody pipeline to Czech Republic this year
Putin’s nomination as United Russia leader opens prospects for majority government – Medvedev
FINANCIAL MARKETS
EQUITIES
Prague bourse PX index adds 1.86% Friday; Erste Bank, broadcaster CME biggest weekly gainers
Prague Stock Exchange (PSE), SPAD trading, 11-18/04/2008
Bratislava Stock Exchange (BSE), Indices, 11-18/04/2008
FIXED INCOME
Bratislava Stock Exchange (BSE) Treasury bonds, direct trading, 11-18/04/2008
Prague Stock Exchange (PSE) Treasury bonds, direct trading, 11-18/04/2008
CURRENCY
Czech crown continues to weakens to EUR/CZK 25.10 on Friday
Czech National Bank (CNB) foreign exchange rates, 11-18/04/2008
National Bank of Slovakia (NBS) foreign exchange rates, 11-18/04/2008
MONEY MARKET
National Bank of Slovakia, BRIBOR rate fixing, 11-18/04/2008
Czech National Bank, PRIBOR and PRIBID rate fixing, –11-18/04/2008
National Bank of Slovakia official interest rates – 18/04/2008
Czech National Bank (CNB) official interest rates – 18/04/2008
CALENDAR
Czech Republic – calendar of upcoming events, 18/04/2008
Czech Republic – calendar of upcoming events, 15-21/04/2008
Nb: This news report features only the headline of each news
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