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A step towards financial stability

Article Abstract:

Spolana (Neratovice, Czech Republic), chemical firm, has started a recovery programme. The aims of the programme are the firm's financial stability and the ensuring of a new strategical partner. The company will decrease its stock to nearly 1.7 bil Kc first. Then, the state and banks will exchange their receivables for shares and will increase the firm's capital to nearly 5 bil Kc. The nominal value of all the firm's shares will decrease to 60% during further stock decrease. Then, Spolana's cumulative loss will be covered. The loss was 2.3 bil Kc in 1998, more than 50% of the firm's stock. The stock increase should be decided in the second quarter of 2000. Besides the state, Komercni banka (Czech Republic) and Investicni a Postovni banka (Czech Republic) will participate in the stock increase.

Publisher: Economia
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999

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GSM at every step

Article Abstract:

Czech Republic: About 3.33 mil inhabitants own mobile telephones in the Czech Republic in 3Q 2000. This represents a 33% share in penetration, which places the Czech Republic onto the top in Central Europe. There are three mobile operators in the network GSM in the Czech Republic. The oldest operator Eurotel (Czech Republic) has a total of 1.65 mil clients. Radiomobil (Czech Republic) with its network Paegas has 1.5 mil clients. The youngest operator Cesky Mobil (Czech Republic) with its network Oskar has about 170,000 clients.

Publisher: Economia
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 2000

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One step at a time

Article Abstract:

Companies need to reinvent themselves in order to survive. They should firstly find a strategy, which should make their current business secure and also look to the future. They should look for any problems impeding progress, such as negative attitudes of staff and reluctance to change, and solve them. They should then encourage teamwork to improve the business, set up key indicators for business control, improve customer service, ensure that there are opportunities for staff development, and give effective leadership.

Author: Hall, David
Publisher: Director Publishing Ltd.
Publication Name: The Director
Subject: Business, international
ISSN: 0012-3242
Year: 1999
United Kingdom, Planning, Excerpt, Reengineering (Management), In the Company of Heroes (Book)

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