The Czech Eurowag has entered the London Stock Exchange
The Czech company Eurowag has entered the London Stock Exchange. However, its shares began trading at a 10 percent drop, falling from 150 pence to 135 pence per share. Eurowag offered 113 million shares, which means a gross yield of around five billion crowns.
Two members of the CNB Board were against the rates
Last week, members of the Bank Board of the Czech National Bank, Aleš Michl and Oldřich Dědek, voted against raising interest rates, according to a published record of proceedings. The remaining five members voted in favor of raising the base rate by three quarters of a percentage point to one and a half points.
An energy watchdog investigates distributors – for unfair practices
The Energy Regulatory Office investigates energy suppliers. The Authority suspects Bohemia Energy and Europe Easy Energy of using prohibited unfair commercial practices. Lumius is also saving money, which he says is unexpectedly terminating gas supply contracts.
Retail sales continue to grow steadily
Sales have been growing for retailers for half a year in a row. In August, they increased by four whole and one tenth of a percent year-on-year, according to data from the Czech Statistical Office.
The biggest growth was recorded by e-shops, whose sales grew by more than a fifth year-on-year. In addition, all types of specialized non-food stores showed an increase. Most shops with computer equipment and household products, especially with building materials.
For an overview of business events from previous days, watch the quick video HERE, if you want a quick overview of today’s economic news, go HERE, and if you are really interested in business and want to see its top form, look HERE.