Czech financial and investment company PPF plans to build two skyscrapers in Prague that are expected to be the tallest in the country, Hospodarske Noviny reported. The Prague Eye project, which is yet to apply for a planning and building permits, envisages the construction of one 30-storey tower that will be 138 metres tall and another 27-storey tower with a height of 127 metres. Both towers will be higher than the planned AT Tower in Brno which will be 111-metre high. PPF is controlled by Czech billionaire Petr Kellner. The group is active in banking, insurance, energy, metal extraction, property and retail sectors. PPFs consolidated net profit grew by 24% y/y to EUR 336mn in 2010. PPFs total assets reached EUR 12.4bn as of end-2010, up 15% y/y. |
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