Press releases pg. 183
CEZ General Manager Revoked
The Board of Directors of CEZ decided at its irregular meeting on this 26th April to revoke CEZ General Manager Mr. Stanislav Svoboda. The current Executive Director for Economy Mr. Petr Voboril was appointed to manage the company pending the regular general meeting.
26. 4. 2000
Economic Results of the Power-Generation Company CEZ for the First Quarter of 2000
"CEZ has generated for the first quarter of this year the profits after taxes amounting to CZK 2,937 million, i.e. more by 268 % compared with the preceding year. This considerable growth is due mainly to the favorable development of provisions for exchange-rate variances. Whereas the development of the rate of exchange decreased in the first quarter of the last year our net profits by CZK 1.6 billion..."
26. 4. 2000
A New CEZTel's Step to Prepare for Liberalization of the Telecommunication Market
The power-generation company CEZ had established in the end of the last year its daughter joint-stock company CEZTel to operate a digital communication network built during the nineties for the needs of the power engineering sector.
25. 4. 2000
CEZ Has Successfully Increased Its Promissory Notes (P/Ns) Program
With the aim to provide for the largest in its history and, regarding the price, the most efficient resource of CEZ current financing, a P/Ns Program had been set up last March amounting to CZK five billion for the period of three years. Recently the P/Ns Program has been increased up to the total volume of CZK nine billion.