European stocks fell, after posting their biggest weekly advance in more than a month, as world leaders pledged further measures against Russia, and manufacturing gauges slipped in China, Germany and the U.S.
Markets in central and eastern Europe have better growth prospects than France, and the Czech market is among most competitive on the continent, Societe Generale SA Chief Executive Officer Frederic Oudea cited as saying in interview in Hospodarske Noviny newspaper. *Says SocGen’s Czech unit Komercni Banka is company’s “biggest, best bank outside France”: Hospodarske *Says economic crisis in euro area is over as problem countries returned to financial markets: Hospodarske
Sazka AS, the Czech lottery provider facing bankruptcy, announced to the Finance Ministry it has stopped its lottery activities, Hospodarske Noviny reported, citing Chief Executive Officer Ales Husak .
Czech lawmakers are debating a bill raising the tax on capital gains to 19 percent from 15 percent and extending it to a wider circle of investors from 2013, Hospodarske Noviny reported, citing the draft legislation.
EnBW Energie Baden- Wuerttemberg AG gained a majority stake in Prague utility Prazska Energetika AS in exchange for its stake in heating company Prazska Teplarenska, acquired by Czech Energeticky Prumyslovy Holding, Hospodarske Noviny reported, citing Prague city official Pavel Klega.
The Czech commercial real estate market shows signs of revival as developers are again willing to invest into office buildings before securing tenants, Hospodarske Noviny reported, citing officials from investment fund CSOB Property Fund and consultant Jones Lang LaSalle.
Two of the three Czech government coalition parties, TOP09 and Public Affairs, argued over whether to reduce parental benefits as part of measures to cut spending, Hospodarske Noviny reported, citing party members.