CEZ AS, the biggest Czech utility, slid in its longest losing streak in 13 years on concern the opposition will levy new taxes as Premier Petr Necas resigns.
Telefonica Czech Republic AS tumbled to its lowest in eight years on speculation the arrival of new competitors will dent future earnings.
Central European Media Enterprises Ltd. jumped the most in more than four months after saying its fourth-quarter revenue rose and loss narrowed as advertisers increased spending.
New World Resources Plc shares and bonds tumbled after the unprofitable Czech coking-coal producer said its attempts to sell a mine have not succeeded and as Standard & Poor’s lowered its credit rating.
Central European Media Ltd. rose the most on record in Prague after saying it reached a $545 million credit agreement with Time Warner Inc., its largest shareholder.
"It may be easier for the owner to sell only one part of the now huge company, although I believe that a potential sale would not happen in the nearest future."
- Josef Nemy on Jan 07, 2015