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ČKD GROUP lost 3 projects in Russia worth EUR 110m

ČKD GROUP companies have so far lost three projects where they were about to sign the respective contracts since June 2014. The total value of these projects was EUR 110m, ČKD GROUP’s media representative Karel Samec told ČIANEWS. The group is monitoring the situation in Russia both with regard to the local currency development and the current rouble decline and from the perspective of the banks’ willingness to provide funds for pending business cases in this territory.

Source: www.cianews.cz