The Czech Republic’s money supply, measured by the M2 indicator, increased by 4% y/y to CZK 3.113tn (EUR 121bn) in February 2013, following a 4.6% growth a month earlier, the monetary survey of the central bank showed. After staying flat for two straight months, the annual rise in the M1 indicator eased to 7.5% in February from 8.4% in January and December.
Loans to businesses and households rose by 3.1% y/y to CZK 2.138tn as of end-February 2013, following the same pace of increase in January.
Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more
Petr Kellner, Central Europe’s richest man, has agreed to buy Skoda Transportation, the Czech manufacturer of electric trains, trams and ... more
CEFC, the acquisitive Chinese energy group, and Penta Investments, the closely-held Slovak financial group, are bidding together for Time Warner’s stake in Central European Media Enterprises (CME), ... more