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The Prague Post Professionals
, 2004
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BANKING & FINANCE HEADLINES

Banking & Finance A Course of Continuity [Feb. 24, 2005]

Finding the real numbers
Sarbanes-Oxley requires companies to act more responsibly toward investors but compliance can be costly

THE PRICE OF OVERSPENDING [Feb. 03, 2005]
High budget deficit may cost the country billions of crowns in EU subsidies

Investment lessons [Jan. 20, 2005]
New TV series aims to turn viewers into investors on PSE

Crossing frontiers to safeguard the new euro [Jan. 20, 2005]
Security company wins contract with Austrian banks

Playing With Numbers [Jan. 06, 2005]
The state claims to be decreasing annual expenditures -- opposition groups say it's just an accounting trick

The cost of getting to work [Jan. 06, 2005]


Left Behind [Dec. 16, 2004]
Almost three-fourths of Czechs say the privatization process of state-owned property after 1989 was unjust and benefited the few

Weak dollar brings U.S. bank to local market [Dec. 16, 2004]
KeyCorp to launch services in early 2005

Falling Like Leaves[Dec. 2, 2004]
Czech economy so far unfazed by declining dollar

CASHING IN ON CREDIT [Nov. 4, 2004]
Banks partner with popular brands to promote credit cards

Long overdue [Oct. 21, 2004]
Changes to regulations allow private pension funds to invest in foreign firms; state considers including private funds in public pension reform

All time high [Oct. 7, 2004]
Trading on Prague Stock Exchange hits 10-year record

Room to grow [Sept. 23, 2004]
Foreign financial firms poised to dive into new EU-member markets

Easy money [Sept. 9, 2004]
Police react to nationwide rise in popularity of bank robberies with special task force that aims to catch crooks redhanded

Let's make a deal [Aug. 26, 2004]
Investors are eyeing the equity market despite sporadic results

A World away [Aug. 12, 2004]
Jana Matesova is preparing to wrap up her highly successful six-year term at the World Bank in October

Global warming [July 29, 2004]
A maturing bond market is changing how debt and securities traders view the local landscape

Loans to smaller business increase [July 29, 2004]
Lender confidence and bank competition boost number of loans

Capital gains? [July 15, 2004]
Polish firm opens venture fund office, but a dearth of IPOs is likely to keep investment low

Clash of the Titans [July 1, 2004]
Financial giant PPF takes on CSOB over guarantees to bank

Keep the change [June 17, 2004]
Some banks are doing away with currency exchange commissions

Student loans [June 3, 2004]
Banks are betting incentives and offers on clients with bright futures

Bank shot [May 20, 2004]
Financial institutions join forces to lobby for new bankruptcy legislation

Banking on bonds [May 6, 2004]
Government hopes euro bond issue can help curtail debt


IN BRIEF

PRIVATIZATION • Financial group PPF, in cooperation with Slovakia's J&T and Inway, has placed the highest bid for the government's stake in Cesky Telecom (CT), the Czech News Agency reported Feb. 7, citing a source close to the interministerial commission advising the government. The bidders offered roughly 61 billion-71 billion ($2.7 billion-3.1 billion) for the 51 percent stake. But the bids are only preliminary and are not binding; however, neither the National Property Fund nor ministers wanted to speak about the bids officially.

REFORM • A tax-reform proposal by the ruling Social Democrats will not simplify the tax system, said Jaroslav Mil, president of the Confederation of Industry, Feb. 6. The preliminary proposal includes tax cuts for low- and middle-income groups. Finance Minister Bohuslav Sobotka will submit a concrete proposal in the coming weeks.

INCREASE • Turnover rose to 17.2 billion Kc at securities dealer A&CE Global Finance in 2004, a company representative said Feb. 6. Profit nearly doubled to 10 million Kc. Launched in 2001, the company is one of the top 10 consulting and auditing firms in the country.

ANNIVERSARY • Ceska sporitelna celebrated the first anniversary of its Expat Center Feb. 1. Created to serve Prague's expatriate community, the center offers all of the bank's services in English, French and German. It also provides mortgages to expatriate EU and non-EU citizens.

Ceska Sporitelna
BCH

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