Zbrojovka CSG has signed a contract with Latvia for the supply of self-propelled mortars MORANA and rocket systems, worth hundreds of millions of euros. Slovakia has approved the repurchase of a 49 percent stake in ČEZ in the joint nuclear power plant JESS for 189 million euros. PPF Real Estate has purchased the Telehouse office building in Prague's Dejvice district. The Czech Republic's GDP grew by 1.8 percent year-on-year in the second quarter, slightly below the original estimate.
Zbrojovka CSG has signed a contract with Latvia for the supply of self-propelled mortars MORANA and rocket systems, worth hundreds of millions of euros. The order strengthens the group's export portfolio and confirms the growing interest of the Baltic states in diversifying defense capabilities in the context of the ongoing conflict in Ukraine.
The Slovak government has approved the repurchase of a 49 percent stake in ČEZ in the company Jadrová energetická spoločnosť Slovenska (JESS) for 189 million euros. The transaction concludes long-term negotiations and opens the way for further development of Slovakia's nuclear capacity without the direct participation of the Czech energy holding.
PPF Real Estate, part of the Renáta Kellner group, has purchased the Telehouse office building in Prague's Dejvice district from a group of investors including BPD Development and Engine Prague Development. The group is thus expanding its real estate portfolio in an attractive location in Prague. PPF Real Estate also previously announced the acquisition of real estate projects around the O2 arena from the Kaprain group.
The Czech economy grew by 1.8 percent year-on-year in the second quarter of this year, according to final data from the Czech Statistical Office. The result is slightly below the revised estimate from the end of August, which projected 1.9 percent growth. Household incomes rose in real terms by 3.1 percent year-on-year, so consumption continues to be a major driver of the domestic economy.
The Prague Stock Exchange fell on Wednesday. The PX index fell by 0.71 percent to 2,675.25 points. This was mainly due to lower prices for shares of banking companies, while shares of Zbrojovka CSG rose.
From today, a new regulation of fuel prices comes into effect. The government is responding to the escalation of the conflict in the Middle East, which has driven up gasoline and diesel prices significantly in recent weeks. At the same time, the excise tax on diesel fuel is being reduced.
The Forests of the Czech Republic increased gross profit year-on-year by 23 percent to 3.95 billion crowns in the first half of the year, despite lower timber harvesting. Revenue from own products and services rose by seven percent to 8.9 billion crowns, while timber harvesting fell by eight percent to 3.92 million cubic meters.
KARO Leather reported its best quarterly results ever and launched a share buyback program. The group is close to finalizing the acquisition of a logistics center in Poland, which will accelerate the distribution of leather to European customers.
Geoffrey Hunt