Czech financial group Home Credit of billionaire Petr Kellner allegedly considers buying Polish consumer finance company Zagiel, Polish daily Puls Biznesu reported. Home Credit is reportedly already leading sale negotiations with Zagiel's parent KBC. According to some media speculations, after acquiring Zagiel, Home Credit would try to buy a bank in Poland or at lest gain a banking licence there. Home Credit recently tried to buy Polish Meritum Bank, but lost in favour of EBRD. Home Credit Group, which provides consumer loans in the Czech Republic, Slovakia, Russia, Belarus and Ukraine, increased its net profit 6.3 times y/y to EUR 126mn (CZK 3.1bn) in H1 from EUR 20mn a year ago. Zagiel specialises in quick loans. |
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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