Eastern Europe

Anticipate impacts in the Czech financial market this week

Published

7 years ago

March 14, 2018

Athira A

Photo credits: www.pentainvestments.com

Reading Time: < 1 minute

The Czech financial market this week might be influenced by the following news stories, press reports and events.

According to Fortuna: Czech-Slovak group, a strong group of production companies based mainly in the Czech and the Slovak Republic and Penta Investments, a central European investment group specialising in long-term value investing, have hiked their stake in betting firm, Fortuna Entertainment Group to 95.8 percent after buying shares from the largest minority shareholder Franklin Templeton.

Sazka: Casag Deputy Chairman Pavel Horak told the Austrian newspaper Der Standard on Sunday: “Austrian gambling technology group Novomatic could sell its 17 percent stake in Casinos Austria (Casag) to Czech lottery and gaming group and fellow Casag investor Sazka Group.”

Slovakia: Following the biggest street protests in decades, Slovakia’s long-serving Prime Minister, Robert Fico faces a deadline on Monday to ditch his closest ally or risk breaking apart his coalition government.

Source: Reuters

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Athira A

Athira is a self-described “logophile” – a lover of words. She loves updating her vocabulary and playing around with words, to frame a sensible world of letters. Letters come alive when they become words and when words become sentences. And that’s her job, to put them together in a meaningful way without loosing its essence. She has written content for websites, articles and poems for an international magazine, and press releases as well. She also loves writing on social media. She holds a Masters degree in bio-technology, but she has always been interested in the organic farming of words. Besides writing content for our daily news feed, she is also working as staff writer/editor with Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.