Implications of recovery
Article Abstract:
Ceskoslovenska plavba labska (CSPL) (Czech Republic), water transporter, expects a gross profit of 63 mil Kc in 1998. The company saw a loss of 680.5 mil Kc in 1996. It was caused by the loss of a customer, the Chvaletice power station of the power company CEZ (Czech Republic), for which CSPL used to transport coal. Consequent on a bad situation on the water-transport market, CSPL started restructuring and decided to leave the domestic transport market. It reduced the number of employees by 315 and sold 40 of the 120 ships intended for coal transport. A part of the coal ships was transferred to a subsidiary in Slovakia, that is setting up and should begin working later in 1998. CSPL is now focusing on international transport. Together with Deutsche Binnenreederei (DB) (Berlin, Germany), the firm has set up a joint venture named Saxon-Czech Shipping Company and a firm called Bulk Terminal (Magdeburg, Germany). At the end of 1997 CSPL bought a 50% stake in the shipping and forwarding company Elbe Rijn Lloyd (Rotterdam, Netherlands). CSPL also wants to get to the sea transport market. In 1999 it will launch a river-sea ship named MS Decin.
Comment:
Water transporter expects a gross profit of 63 mil Kc in 1998
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1998
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Kabel Plus increased its stock
Article Abstract:
Kabel Plus (KP) (Prague, Czech Republic), cable television operator, wants to invest billions of Czech crowns in telecommunication services in the Czech Republic. The firm will realise the investments in case of the liberisation of the Czech telecommunication market. KP provides its services in Liberec, the Czech Republic, at the moment. The firm's main programme is the operation of cable television. KP is the largest Czech operator of cable television. KP increased its stock by 417 mil Kc to 1.94 bil Kc in 1998. The firm's newly subscribed shares were immediately transferred for 2.153 bil Kc under the control of MediaOne Group (US), which is one of the largest communication companies in the US. KP moved its seat from Ostrava, the Czech Republic, to Prague in 1998.
Comment:
Czech Rep-based cable TV operator wants to invest bils of Czech crowns in telecommunication services in the Czech Republic
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1998
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