Komercni Banka clients hit by on-line thieves. Czech-Chinese business relations grow. Lithuanian-based bank opens office in Czech Republic. Mountfield records growing sales. Czech breweries increase production.
Komercni Banka clients hit by on-line thieves
This week one of the largest Czech banks, Komercni Banka (KB), admitted that thieves siphoned money from the accounts of ten of the bank's clients. The money was stolen electronically, when thieves were able to access the accounts via information stored on the personal computers of people using the on-line banking service, Mojebanka. Although Komercni Banka refuses to disclose how much money was stolen, the bank has covered the clients' losses and a criminal investigation is underway. According to the daily Pravo, an international gang may be responsible for the security breach at Komercni Banka. Meanwhile, KB has introduced added security measures for its on-line banking clients; an additional PIN code sent by KB to the client's mobile phone will be needed to access all on-line accounts.
Czech-Chinese business relations grow
Lithuanian-based bank opens office in Czech Republic
Bankas Snoras AB, a Lithuanian-based bank with a majority of Russian equity, has opened an office in the Czech Republic. The Moscow-based holding Conversbank Financial Group, which controls eight banks in Russia, Latvia and Lithuania, has a 50% stake in Snoras. The move is part of Conversbank's strategy for expanding into the EU market, and there are plans to open another office in Brussels in the near future.
Mountfield records growing sales
Czech breweries increase production
The Czech Beer and Malt Association reports that Czech breweries raised exports by 17 percent, to total 1.7 million hectoliters in the first half of 2006. Production for the domestic market increased too, and now stands at 7.85 million hectoliters. The total figures for beer production in the first half of 2006 are up 4.4 percent over the same period last year.