Investor’s Guide to the Proposed Company Transformation Act and Its Impact on ČEZ Shares and the Prague Stock Exchange

Investor’s Guide to the Proposed Company Transformation Act and Its Impact on ČEZ Shares and the Prague Stock Exchange

The government’s proposal for the Company Transformation Act, dubbed Lex ČEZ II, shook investors. To its creators, it is presented as a harmonization of legislation and not aimed at a specific company, but in the mainstream view of the capital market, it is seen as a rough opening of the way to an easier full … Read more

Investing in the Czech Republic: Where to invest if not in ČEZ? – Patria Finance Online Conference

Investor’s Guide to the Proposed Company Transformation Act and Its Impact on ČEZ Shares and the Prague Stock Exchange

The government’s proposal for the Company Transformation Act, dubbed Lex ČEZ II, shook investors. To its creators, it is presented as a harmonization of legislation and not aimed at a specific company, but is seen by the capital market as a rough opening of the way to an easier full nationalization of part or all … Read more

RWE apparently suspended the sale of Czech gas storage facilities – ČT24 – Czech Television

RWE apparently suspended the sale of Czech gas storage facilities – ČT24 – Czech Television

RWE started selling the tanks a week ago. She first said that she had received favorable feedback from potential applicants from Europe. According to HN, in the end, the Hungarian state-owned company MVM and the KKCG group of billionaire Karel Komárek did not submit an offer alongside ČEZ. “The competition has been suspended and we … Read more

RWE stopped selling gas storage facilities in the Czech Republic. There was only one applicant left

RWE stopped selling gas storage facilities in the Czech Republic.  There was only one applicant left

The German company RWE has suspended the sale of gas storage facilities in the Czech Republic. After the resignation of the semi-state company ČEZ, only the Energy and Industrial Holding (EPH) of billionaire Daniel Křetínský remained as interested. This was stated by today’s Hospodářské noviny (HN). The deadline for submission of bids was to expire … Read more

The Turkish lira is falling. Erdogan tries recipes from the past and presses the central bank – ČT24 – Czech Television

The Turkish lira is falling.  Erdogan tries recipes from the past and presses the central bank – ČT24 – Czech Television

The Turkish leader wants to rock the economy ahead of next year’s parliamentary and presidential elections. Had the vote taken now, neither Erdogan nor his Justice and Development Party (AKP) would have succeeded, according to polls. At the same time, most respondents state the unfavorable economic situation as the reason why they would not choose … Read more

Pražská plynárenská will increase the price of gas by 7.3 percent. People pay ten crowns a month

Pražská plynárenská will increase the price of gas by 7.3 percent.  People pay ten crowns a month

At the end of the year, Pražská plynárenská will increase the price of gas in the basic price list by an average of 7.3 percent. Customers with fixed prices will not be affected by the price adjustment, company spokesman Miroslav Vránek announced. According to him, the reason is the unfavorable price development on the wholesale … Read more

Innogy is rising sharply again. The supplier has published how much the current bills will increase

Innogy is rising sharply again.  The supplier has published how much the current bills will increase

Innogy will raise electricity and gas prices from January. The price of gas will rise by 15 percent, the price of electricity will rise by 19 percent. Customers with a fixed price will not be affected by the increase. The monthly payment in a typical family house will increase by 270 crowns for gas and … Read more

Emission allowances are becoming more expensive. It will also affect energy prices, the impact will be dramatic

Emission allowances are becoming more expensive.  It will also affect energy prices, the impact will be dramatic

ENAS Energy Services analyst Vladimír Štěpán, referring to an earlier statement by ČEZ analyst and minority shareholder Michal Šnobr, stated that each increase in the allowance of one euro will increase the price of electricity by 0.7 to one euro per megawatt-hour. “I know that there have been comments that the price of the allowance … Read more

CEZ makes electricity more expensive by a third. An ordinary household pays an extra 250 crowns a month

CEZ makes electricity more expensive by a third.  An ordinary household pays an extra 250 crowns a month

The energy company ČEZ will increase the price of electricity from the New Year. At the most common rates, customers pay an average of about a third on the invoice. The increase does not apply to customers who have a contractually fixed price. The reason for the increase is the rise in the wholesale price … Read more

Electricity and gas supplier Bohemia Energy is ending. Hundreds of thousands of customers have to switch to someone else – ČT24 – Czech Television

Electricity and gas supplier Bohemia Energy is ending.  Hundreds of thousands of customers have to switch to someone else – ČT24 – Czech Television

“It was the most difficult decision we had to make. We founded Bohemia Energy more than fifteen years ago and our mission has always been to be a reliable and advantageous supplier of energy, “said the owner of the Bohemia Energy group, Jiří Písařík. According to the Electricity Market Operator, at the end of August … Read more