Monday, July 16, 2007

Prague Energy Exchange starts trading tomorrow

Prague Energy Exchange (PXE) openings is scheduled for tomorrow. For now two companies signed off contracts to be participants. Those are energentic giant CEZ and Prazska energetika a. s. (PRE).

Today's trading at Prague Stock Exchange closed in negative -0.70% . Among laggards CEZ (-2%) after competitor Mostecka uhelna announced agreement with foreign corporation. Spanish Telefonica O2 won tender to provide telecommunication services for public sector. Despite of that closed with -1.31%.

I like this step back as Czech market had been becoming more and more overvaluated.


1 Response to "Prague Energy Exchange starts trading tomorrow"

Prague Hotels said... August 29, 2007 at 11:25 AM

Yes, I also think this will help all Czech economy. I see many new improvements and economy step by step goes up.