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09/07/2022
Investment group PPF and her company Home Credit have finished the sale of their remaining 49.5 percent share in the Russian company Home Credit & Finance Bank (HCFB), including the shares in some of HCFB’s daughter companies.
The sale means that PPF and Home Credit are leaving Russia’s banking market, the Czech News Agency reported on Wednesday. PPF announced in a press release that a group of individual investors has now taken over full ownership of HCFB.
PPF Group is an international diversified investment group which was founded in Prague in 1991 by the now deceased Czech billionaire Petr Kellner.
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09/07/2022
Thursday will see temperatures range around 23 degrees Celsius with rainfall expected across the country. Storms and torrential rains are likely to occur in the south-east.
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09/07/2022
Czechia and Poland have renewed cooperation on preparing the Stork II gas pipeline, which would connect both countries, Czech Prime Minister Petr Fiala said on Tuesday.
The new gas pipeline, which runs through the Polish village Stare Koźle to Libhošť in Czechia’s Moravian-Silesian Region, should enable a greater diversity in gas deliveries to Europe.
Mr Fiala spoke at the Economic Forum in Karpacz, Poland, where he also received the “Person of the Year” award. The Czech prime minister said that it was a great honour for him, highlighting that the award had also been given to Lech Walesa, Václav Havel and John Paul II.
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09/07/2022
The quality and availability of cancer treatment should be the same across all member states, Health Minister Vlastimil Válek said at the launch of an informal meeting of EU health ministers in Prague. This aim should be achieved by connecting treatment centres into a cooperative network, he said, adding that member states should also have similar programs for the early detection of cancer.
According to Mr Válek, Czechia intends to prepare a set of standards for prostate cancer screenings and propose them to the whole EU.
The two-day informal meeting of European Union health ministers began in Prague on Tuesday evening. The health chiefs are holding talks with the producers of vaccines against Covid-19 with a view to revising existing contracts to supply the drugs.
They will also discuss the impact of the war in Ukraine on healthcare, with Ukraine’s minister of health joining in on the meeting online.
Czechia currently holds the rotating presidency of the EU.
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09/07/2022
The Prague Municipal Court will be issuing tickets to those interested among the public who want to see the main part of the Stork’s Nest trial, in which the former prime minister, Andrej Babiš, stands as one of the defendants, the Czech News Agency reported on Wednesday.
Court spokesman Adam Wenig said that the capacity of the room is 80 places, but that the court’s balcony, which can seat a further 36 people, could be opened up as well if interest is high. The tickets will be issued on every eleventh day of the trial.
The first part of the trial is set to begin on Monday, the Czech News Agency reports.
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09/07/2022
The three-party Together group that makes up the majority of the Czech coalition government will not in the end field a candidate for president in next January’s elections, Právo reported on Wednesday. The Civic Democrats, Christian Democrats and TOP 09 had previously spoken about putting forward a candidate for the post but have now dropped the idea, the newspaper said.
One source said that Together were likely to in the end recommend that their voters back a “democratic candidate”.
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09/07/2022
Viktoria Plzeň play their first group stage game in the Champions League on Wednesday night, when they take on one of the biggest names in world soccer, Barcelona, at the latter’s Camp Nou stadium.
The Czech league champions, who lost 2:0 on their last visit to Barcelona in 2011, are currently undefeated in 34 games.
Plzeň’s other opponents in Group C are also massive clubs: Bayern Munich and Inter Milan.
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09/06/2022
Prime Minister Petr Fiala says a national strategy to combat high energy prices is being prepared which will either supplement or replace any European solution. He said on Tuesday that it would depend what agreement was reached at European level.
Europe’s energy ministers are due to meet in Prague on Friday for a special energy summit to tackle soaring power prices.
A solution for Czechia will be presented to the public afterwards, Mr. Fiala said. He said from speaking to counterparts elsewhere in Europe that he had a sense there was greater interest in an EU-wide solution than a month ago.
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09/06/2022
Year-on-year growth in industrial output in Czechia slowed to 0.8 percent in July from 2.7 percent in June, according to official data. Analysts believe this is evidence of an impending economic recession, the Czech News Agency reported.
The foreign trade deficit in July was CZK 22.8 billion, almost doubling year-on-year.
Construction output fell in real terms by 2.7 percent year on year in July, following over a year of growth.
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09/06/2022
An extraordinary meeting of European Union energy ministers that Czechia has convened in Prague on Friday will consider two proposed methods of tackling soaring energy prices, the Czech minister of industry and trade, Jozef Síkela, said on Tuesday.
One proposal involves separating the market price of gas from the prices of power plants that generate electricity from gas. The second would put a price cap on all other types of electricity production, excluding gas.
Czech officials are currently ascertaining the views of individual member states on the proposals and will publish a summary of their positions on Wednesday, Mr. Síkela said.
Czechia currently holds the presidency of the EU.
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