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Sugar factory of Dobrovice in years 1987 - 1993
Novotný, Ondřej ; Szobi, Pavel (advisor) ; Skřivan, Aleš (referee)
This thesis deals with sugar production in Czechoslovakia in 1987 -- 1993. The issue is outlined by using the probe method in the sugar factory in Dobrovice. It describes the history and condition of the industry before 1989 which was controlled by central planning. It lists and characterizes changes in the sector after the transition to a capitalist system and market liberalization. It describes in detail the administrative, technical and financial developments in the sugar factory in Dobrovice. It examines the process of delimitation of the state company, the transformation into a joint stock company by privatization and the entry of foreign investors. The issue is elaborated on the basis of unpublished sources in the form of internal documents, which are archived in the factory and with using oral history method.
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Economic analysis of profitability of restructuring of Czech sugar factories
Vajdík, Jiří ; Chytil, Zdeněk (advisor) ; Špecián, Petr (referee)
The first part of the study describes European sugar policy as a basis of analysis. Than it analyses costs and earnings of Czech sugar factories in the years 2006 -- 2009. For the following years 2 alternative predictions of profit development have been made; one supposes sugar price stagnation and the other its decrease. In the seventh year after the supposed start of restructuring the company is acknowledged on the basis of the "Free Cash -- Flow to the Equity" model. The study, taking the company Eastern Sugar Czech Rep. as an example, also calculates the profit that restructuring of the sugar factory would bring. The second part of the study analyses the convenience of restructuring Czech sugar factories in the years 2006 and 2007. The author assumes on the basis of the fact, that only one company closed its sugar factories, inexpedience of the restructuring process. The empirical part of this thesis tries to verify this hypothesis. The analysis is done by calculating net value of future financial flows. The profit loss due to restructuring that the study discounts by a risk free interest rate represents the costs. The sugar house profits in the monitored years and the company value in the seventh year after restructuring start represent the earnings. The earnings are discounted by an alternative cost of own capital, published by the Ministry of Industry and Trade every year. In the end of empirical part the thesis confirmed its assumption about inexpedience of restructuring process in all assumed scenarios excepting beginning of restructuring process in 2006 even as sugar price falling to average level of the first two months of the year 2010.
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Sugar régime within The Common Agricultural Policy of the European Union
Budínská, Kateřina ; Černá, Iveta (advisor) ; Taušer, Josef (referee)
The goal of my essay is to map out the sugar régime within the European Union as well as the Czech Republic in the context of The Common Agricultural Policy together with historical consequences. My essay will provide basic information about the development and situation concerning The Common Agricultural Policy. The essay deals also with the development and present conditions regarding sugar production which is one of the parts within this policy in the EU. The Czech Republic as a member country of the EU is in my essay described mainly in compliance with the criteria of The Common Agricultural Policy especially concerning sugar production as well as the development of sugar industry from historical point of view and regarding European circumstances in this branch as well. Thanks to my essay the reader can also get essential knowledge about sugar production as well foreign trade with this commodity both in the Czech Republic and within the European Union.
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Kubánská ekonomika na počátku 21. století
Nowaková, Zuzana ; Bič, Josef (advisor) ; Horký, Ondřej (referee)
Práce charakterizuje kubánskou ekonomiku: její historický vývoj od 16. st., který se orientoval především na monokulturní pěstování cukrové třtiny a orientaci na USA; období hluboké hrize v 90. letech po rozpadu SSSR, kdy byly ukončeny dodávky surovin za preferenční ceny; a období na počátku tisíciletí s detailním rozborem makroekonomických determinantů, finančího sektoru, zahraničního obchodu a ekonomických sektorů.
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EU's position at world sugar market
Reinbergr, Tomáš ; Abrhám, Josef (advisor)
European Union has always played an important role at world sugar market. The world's biggest sugar importer became one of the biggest exporters after World War II, because of politics of self-sufficiency. In 2006, EU Sugar Reform started as a result of lost WTO pannel and consequent unsustainable situation. This thesis surveys EU's position at world sugar market before the reform, during it and what's the most important, it forecasts EU's position when the reform is completed.
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