Zbrojovka CSG has signed a seven-year contract to supply ammunition to Nordic police forces. The Minister of Finance, Schillerová, confirmed after a three-day meeting that the state budget deficit next year will not exceed four hundred billion crowns. Investments in commercial real estate in the Czech Republic increased significantly in the second quarter and exceeded one billion euros. The Prague Stock Exchange was stagnant on Thursday; the PX index fell by a negligible 0.06 percent.
The Czechoslovak Group (Czechoslovak Group), a defense and engineering holding company owned by entrepreneur Michal Strnad, will supply ammunition to police forces in Finland, Denmark, Iceland, Norway, and Sweden for seven years. Specifically, the company will deliver thirty-five million rounds of Federal .223 Remington caliber ammunition from Federal, which is part of The Kinetic Group, a subsidiary of CSG. Federal was also selected as the supplier of training ammunition with a caliber of 5.56 millimeters.
The state budget deficit will increase next year from this year's three hundred and ten billion crowns, but it will remain below four hundred billion crowns. This was announced by the Minister of Finance, Alena Schillerová, after a three-day meeting with government colleagues. The ministry is scheduled to submit the draft state budget to the government at the end of August.
The Prague Stock Exchange was stagnant on Thursday. The PX index fell slightly by 0.06 percent to 2767.78 points. Shares of companies such as VIG insurance, Komerční banka, and Zbrojovka CSG did not perform well. On the other hand, shares of energy company ČEZ and Erste Bank closed with gains.
Investments in commercial real estate in the Czech Republic increased significantly in the second quarter of this year and exceeded one billion euros, according to an analysis by the real estate consulting firm Colliers. The most significant transaction was the acquisition of the Sídliště Písnice residential complex, with approximately seven hundred and sixty apartments in Prague-Písnice, which was purchased by WOOD & Co. from CIB Group. This is one of the largest Czech residential investment transactions in history. Kooperativa and MINT also acquired apartment buildings from Sekyra Group and other investors as part of the Prague project Rohan City through forward purchase agreements. Colliers expects a total volume of three to three and a half billion euros for the entire year 2026.
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