Russias second-biggest lender VTB plans to buy a stake of up to 10% of Czech banking group Home Credit, Vedomosti daily reported citing unnamed sources. Home Credit is owned by PPF group, controlled by Czech billionaire Petr Kellner. The purpose of the deal is to generate a profit from the initial public offering of Home Credit planned for the autumn. Home Credits Russian subsidiary, Home Credit and Finance Bank, is the companys main asset, generating about 75% of its business. |
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