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The Kremlin-backing head of state, who left office this week, is widely seen as without question the worst Czech president since the restoration of democracy in 1989.
Pavel’s record election victory has widely been seen as a blow to the powerful populist trend in Central Europe, epitomised in the Czech Republic by Zeman and his ally, opposition leader Andrej Babis.
Dealmaking in Central Europe is set to rebound, says law firm's long-standing Prague managing partner, as new kinds of investor move into the region.
In September the company announced it had completed the sale of Home Credit’s Russian branch and its subsidiaries to Russian-based investors as part of the “process of divesting all Russian assets”.
Japan's MUFG to pay $615mn for Philippines and Indonesian businesses of PPF's consumer finance brand.
Government counts on €3.5bn to be collected from the tax next year, to pay for measures to help citizens and businesses wrestling with the cost of living crisis.
The plans mark a major shift in EPH's strategy, which had been to bet that the green transition would take longer than expected.
Largest Czech energy company acquires 100% of gas-fired power plant Sloe in Zeeland.
Royal Mail's largest shareholder looks set to increase its shareholding above 25%, triggering enquiry under new National Security and Investment Act.
Czech investment group also says it is looking at acquisition opportunities in telecommunications, probably involving a merger with another financial or investment partner.
Europe is scrambling to find alternatives to Russian crude oil, natural gas and coal. But the fact remains that despite recent cuts in the amount that the EU buys from Russia, Moscow’s revenues from hydrocarbon exports still surged 40% this year.
The takeover would have created a group with a total of around 2.5 million customers in a country of 10.7 million people, putting it in third place in terms of customers.
Czech financial group finally sells out to a group of investors led by Ivan Tyryshkin, chairman of the fintech SPB Exchange.
Sberbank, Russia’s largest lender, is facing a meltdown from the collapse in its commercial real estate loan book, which is estimated at RUB1.8 trillion ($28bn).
Recruitment of Smejc and billionaire Kretinsky will strengthen Czech financial group's management following the damage to its investments caused by Russia’s invasion of Ukraine.
New CEO Ladislav Bartonicek is reported to be selling Home Credit Russia as part of the investment group's shift to more mature markets.
Sistema's Mobile TeleSystems mobile operator has been building up strong banking and fintech verticals after the incorporation of MTS Bank.
Western European banks have made double-digit increases in the growth of their credit exposures to the CE/SEE region in the past 12-18 months.
Billionaire populist Andrej Babis could make a swift return as president unless the coalition keeps corruption in check and addresses some of the country's worst social problems.