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It seemed like a genius investment. The bond had a one-third discount compared to the face value, promised roughly five percent annual interest and, perhaps in the era of virtually interest-free savings accounts, seemed almost like a revelation. Of course, the interest in him was huge, which is also why the Brno businessman Jiří Slezák managed to raise more than one hundred million crowns in a total of fourteen issues of the Reality Investing family of companies since 2014. But business stalled and small investors were left with a bundle of defaulted bonds.
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The surge in the price of Bitcoin and the crypto has stopped in recent days. Some investors, including the Czech ones, have already made decent money this year.
Of the fifteen strongest virtual currencies, none has strengthened as much as solana since January. While one digital “coin” with the abbreviation SOL cost ten dollars in January, it is currently around $56. And this has resulted in a price drop from $67, this year’s high.
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The world’s largest crypto exchange continues to be busy even as the US Department of Justice’s protracted investigation of Binance on suspicion of money laundering ends. The name of the crypto exchange will be part of yet another legal battle – but the main role in it will be played by football star Cristiano Ronaldo.
Lost numbers: Mortgage refix as one of the faces of hell: how to sign a contract with the devil as cheaply as possible
A selection of other articles from the e15 Premium section
The Czech company Kofola, until now known mainly as a producer of soft drinks, especially the iconic “herbal lemonade” of the same name with a long tradition, has decided to enter the field of production and sale of another traditional Czech drink – beer. In addition to creating a relatively unique type of company selling practically all kinds of beverages, this acquisition is also notable for another reason. If Kofola sticks to its current philosophy in brewing as well, it may represent a welcome boost for this segment, which is increasingly eroded by global brewing trends.
For more than two years, shares of WAG Payment Solutions (or Eurowag), whose main shareholder is the Czech businessman Martin Vohánka, have been traded on the London Stock Exchange. However, most of the time it is out of the attention of investors – trading volumes are low and the share price is around 40 percent below the subscription price of October 2021. According to analysts, it is a vicious circle. Investors are coming, and especially the bigger ones are discouraged by low liquidity. The situation could be partly improved by the recent dual listing on the free market of the Prague Stock Exchange.
The spectacular investment hit of recent years in the form of luxury watches from iconic brands has come to an end. The WatchCharts Overall index, which maps six dozen so-called second-hand models that are most often the target of speculative purchases, fell by roughly seventeen percent over the past year. From the peak of the watch craze in the spring of last year, already ticking investments have deprived their buyers of almost forty percent. In recent years, the prices of some watch models on the secondary market, where used machines are traded, have been even higher than the prices of new ones. According to experts, the prices of watches are thus coming “back to reality”.
2023-12-02 04:30:00
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