PPF buys in US, CNB punishes, ČEZ approaches lithium, Bakala is in trouble

You don’t have time to watch what happens during the work week, don’t you have time to read everything? We’ve compiled an overview of the most interesting things we wrote about at E15 daily last week.

>> CEZ approached lithium mining at Sinovich. Officials will assess its environmental impact

Preparations for strategic metallic lithium mining in Northern Bohemia have advanced to the next stage. Geomet, in which the quasi-governmental CEZ group has a 51% stake, will order in the coming days …

>> CNB was the strictest in history last year. You have been handed a record amount of fines

Last year, the Czech National Bank was the most punished in the history of the modern Czech Republic. It imposed 149 fines on less than 67 million crowns, nearly double the penalties imposed a year ago. It is also the highest …

>> PPF entry into the US real estate market. Purchased the offices where Buffett’s corporate headquarters are located

BBF Properties has acquired a large Mansell Overlook office complex in the Atlanta metropolitan area. This is PPF’s first real estate acquisition in the United States. PPF paid for the collector …

>> Bakal’s luxury business is collapsing. The Luxury Brand Management seeks to protect against creditors

The luxury brands management of billionaire empire Zdeněk Bakala has applied for protection from creditors. The company, which focuses on luxury goods intended for retail customers, is arguing its proposal for a three-month delay.

>> Pikarova Adamova: Instead of three rates of VAT, there could be two. We will not push towards adopting the euro

Together, the coalition wants to reduce the state budget deficit mainly through savings. It plans to lay off up to thirteen percent of civil servants and is proposing to abolish wages. There is also a omission of one rate of VAT in the game …

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