This article shows the way the largest Czech holding company, CEZ Group, has set out. The article describes both the legal and tax environment for companies working mostly in Central and Southeastern Europe in the energetics business. The objective is to further expand the horizon of readers about the financial product possibility of real cash pooling, how it functions and consequently its introduction in the life of CEZ Group. Comparing two variants, single-level and multi-level real cash pooling, with their advantages and disadvantages, gives the reader a brief view of the problems involved.
Investment Management and Financial Innovations, Vol. 5, no. 4 (2008), pp. 33-38
Copyright © 2008 Petr Polak, Ondrej Simon.