Truck Development board chairman Marek Galvas said that investment group J&T financed the acquisition of Tatra. Galvas confirmed that Truck Developmen has been recently established with the aim of acquiring Tatra and vowed to pay off Tatra debts and to keep the company's operations.
Since 2006 Tatra has been majority owned by Black River company, controlled by four Czech and foreign investors represented by the former member of the supervisory board and the current chairman of the board of directors, Ronald Adams of the USA.
Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more
The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more
The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more