Monday, 5 November 2018

Czech Ambassador Protests Hoteli Maestral Sale?

ZAGREB, November 5, 2018 - The State Assets Ministry said on Monday that a tender for the state's stake in the Hoteli Maestral company was equal for all bidders, responding to media reports that Czech Ambassador Vladimir Zavazal has written to state institutions to warn that Croatian bidders are being favoured.

The ministry was asked by Hina if it had received Zavazal's letter in which he suspects that Czech investors will be short-changed in relation to Croatian companies and says that one Croatian bidder has submitted incomplete documentation.

Some media have reported that Zavazal has written to the ministry and the Restructuring and Sales Centre (CERP), expressing his fear that the Czech investors which have submitted binding offers for shares in the Dubrovnik-based hotel company are subordinate to the Croatian bidder.

Three binding offers have been submitted for a 68.94% stake in the company, two by Czech bidders, J&T IB Capital Markets and ECO Investments, and one by Croatia's PND Strategija, a company owned by Danko Ćorić.

According to the media, Zavazal says in the letter that when the offers were opened, one Czech bidder found that PND Strategija failed to submit financial statements for 2016 and 2017, yet the State Assets Ministry declared its offer complete and valid.

Zavazal recalls that only one offer, by J&T IB Capital Markets, was submitted for Hoteli Maestral in a previous privatisation tender which was eventually cancelled for formal reasons.

The new tender was advertised in August. The asking price for the 68.94% stake was 126.8 million kuna. On October 24, CERP said three offers had been submitted - 145.9 million kuna by J&T IB Capital Markets, 141.07 million kuna by ECO Investments, and 153.5 million kuna by PND Strategija.

Hoteli Maestral is the last major hotel company in which the state is the majority owner. Last year, it netted 4.1 million kuna in profits, up 7% from 2016. Over the past ten years, the state has not been able to find a buyer.

For more on Croatian tourism, click here.

Saturday, 13 October 2018

Croatian Novelist August Šenoa to Get Memorial in Prague

ZAGREB, October 13, 2018 - A memorial plaque will be unveiled in Prague on October 17 to commemorate 180 years since the birth of Croatian novelist August Šenoa, the Croatian-Czech Society announced.

Saturday, 26 May 2018

Street in Prague Named after Croatian Politician Stjepan Radić

ZAGREB, May 26, 2018 - A street in Prague has been named after Croatian politician Stjepan Radić (1871-1928), the Zagreb-based Croatian-Czech Society said on Saturday, describing Radić as a Croatian patriot, politician and promoter of Croatian-Czech relations at the start of the 20th century.

Sunday, 15 April 2018

Zagreb Design Week to Present Czech Design History

ZAGREB, April 15, 2018 - The century-long tradition of Czech design will premiere in Croatia at an exhibition staged as part of Zagreb Design Week, taking place at Nikola Tesla Technical Museum on May 11-20.

Saturday, 20 January 2018

Czech Language Month Starting in Daruvar

ZAGREB, January 20 - Bjelovar-Bilogora County Prefect Damir Bajs visited the Czech Association in Daruvar on Saturday ahead of Czech Language Month beginning on 22 January.

Friday, 17 June 2016

Croatia Draws Against Czech Republic After A Two Goal Lead

Croatia had everything, but after Modrić’s injury, the team lost its rhythm and lost it all after the flares were thrown onto the pitch by Croatian fans.

Friday, 17 June 2016

You Might be Surprised by all the Connections Between Croats and Czechs

Ahead of today’s EURO 2016 match between Croatia and Czech Republic, one of the main connections is a football one, relating to the establishment of the oldest Croatian football club Hajduk in Prague

Friday, 17 June 2016

Croatia Unchanged To Face Czech Republic

We did not believe football pundits before round one, so this time, we are making the same mistake, hoping for the same result.

Friday, 17 June 2016

Croatia And Czech Republic – A History Of Underestimating

At the dawn of Croatia's most important match at EURO 2016, we take a look at the differences between two approaches.

Thursday, 16 June 2016

Czech Lifeguard Living in Split Talking About Croatia – Czech Republic Match

Nikola Stracarova, a Czech lifeguard and sport management student living in Split talked with TCN’s Goran Antonijević, and not only about the upcoming clash between Croatia and Czech Republic at EURO 2016.

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