Ceska, Czech Republic News

The new attack rifles Bren, used by Czech troops in Afghanistan, suffer from defects, Czech Television reported Monday, adding that 48 of a total of 530 rifles have failed when used by soldiers.

Internet retailing achieved dynamic growth in current retail value sales in the Czech Republic with a CAGR of 21% over the review period.

The ratings on Czech Republic-based composite insurer Ceska pojistovna a.s. reflect the company's strong operating performance, competitive position, and capitalization.

The company offers wide range of banking solutions such as accepting deposits, providing loans to retail client, credit and debit cards, providing loans to corporate clients and municipalities, issuance of guarantees, letters of credit, securities investments, proprietary trading and foreign exchange assets.

The largest insurance company in the Czech Republic, Ceska pojistovna, is using IBM technology to help prevent IT issues and support core business functions, such as claims processing and customer management.