Prague

Economy

Czech Parliament approved the largest income tax cut in decades

Cristian Stefan - November 20, 2020 | 15:35

Czechia will cut the income tax next year, a measure that according to the Prague government would help the economy recover from the coronavirus...

Czechs living in the country’s largest cities have the highest purchasing power

EconomyCristian Stefan - November 16, 2020 | 21:55

Czechia has a per capita purchasing power of €9,179, which puts it almost 34 percent below the European average and in twenty-fifth place among...

Manufacture of Czech automobile Skoda Superb will move to Slovakia

IndustryCristian Stefan - November 14, 2020 | 22:21

By relocating the manufacture of the next-generation Superb from the Czech plant in Kvasiny to Bratislava in Slovakia, Skoda wants to free up the...

CEZ net income reached CZK 13.6 billion for the first three quarters

Balance SheetCristian Stefan - November 14, 2020 | 13:05

CEZ Group’s net income reached CZK 13.6 billion for the first three quarters of 2020, the same as last year. EBITDA reached CZK 50.9...

Bonami expects sales of 2.5 million euros for Black Friday

PragueCristian Stefan - November 12, 2020 | 22:06

Bonami expects sales of 2.5 million euros, of which 20%, 500,000 euros, on the Romanian market for Black Friday. During Black Friday discounts, Bonami records...

Prague based DDB launches specialized esports and gaming agency

BusinessCristian Stefan - November 11, 2020 | 22:25

DDB Worldwide is launching DDB FTW (For The Win), the world's first specialized esports & gaming network agency this month The agency's head office will...

Packeta to have up to 6.800 own pick-up points in Europe at the end of 2020

Infrastructure Cristian Stefan - October 29, 2020 | 20:56

Packeta Group is supposed to have up to 6.800 pick-up points at the end of this year. At the middle of September, the group had over...

P3 Logistic Parks purchased 33 retail logistics assets in Germany

P3 Logistic Parks, a long-term manager and developer of European warehouse properties has signed an agreement to acquire a German retail logistics real estate portfolio (”Matrix”). Covering over 650.000 sqm of space, the Matrix portfolio comprises 33 retail logistics assets in prime urban locations in...

Industry Cristian Stefan - October 29, 2020 | 19:14

Macquarie Infrastructure to acquire CEZ Group assets in Romania

Investment Cristian Stefan - October 23, 2020 | 20:48

Macquarie Infrastructure and Real Assets today announced that has reached an agreement to acquire a portfolio of Romanian power assets owned by CEZ Group. The...

Sharry to install advanced software into 23 skyscrapers in New York

Sharry, a Czech PropTech company, will be deploying its digital platform for modern office buildings in 23 high-rise buildings in New York. SL Green Realty has selected the solution for its portfolio to contribute to the protection of the thousands of people working in...

Business Cristian Stefan - October 20, 2020 | 20:29

Business

PPF Group acquired Central European Media Enterprises

Cristian Stefan - October 13, 2020 | 20:40

PPF Group announces that its fully owned subsidiaries have completed the acquisition of Central European Media Enterprises. PPF now...

Industry

Czech industrial production at -5.5% compared to 2019

Cristian Stefan - October 9, 2020 | 20:27

Czech industrial production fell by 0.9% month-on-month and the year-on-year decline slightly increased to -5.5%, mainly due to weaker...

10.8 kilometers of a main Czech railway line will be refurbished

Two years from now, trips from Czechia to Poland by train will become faster, safer and greener after a refurbished section from Dětmarovice to...

Infrastructure Cristian Stefan - October 6, 2020 | 20:53

Infrastructure

Czechia to build a canal that will link the Danube to the North Sea

Cristian Stefan - October 6, 2020 | 13:52

The Czech government has approved the first phase of a canal that will connect...

Economy

The Czech economy recorded a record decline in the second quarter

Cristian Stefan - October 3, 2020 | 18:00

The Czech economy contracted by 10.9% in the second quarter of 2020, the most...

Jobs

Czechia: Unemployment rate reached 2.8% in August 2020

Cristian Stefan - October 1, 2020 | 20:55

The employment rate of the aged 15–64 years, reached 74.4% in August 2020 and...

Prague

Bonami to open at least 26 new stores until the end of next year

Cristian Stefan - September 29, 2020 | 19:43

Bonami opened its first two physical stores in Prague this year, and the network...

Balance Sheet

The pandemic severely impacted Home Credit Group’s new loan volumes

Cristian Stefan - September 28, 2020 | 20:34

The pandemic severely impacted Home Credit Group’s new loan volumes, resulting in a 44%...

CEZ obtained a permit for further operation of Temelín Nuclear Power Plant

CEZ received a permit from the State Office for Nuclear Safety (SÚJB) for further operation of Unit 1 of the Temelín Nuclear Power Plant. The...

Infrastructure Cristian Stefan - September 28, 2020 | 20:26

Investment

Daniel Kretinsky achieved a 3.05% stake in J. Sainsbury

Cristian Stefan - September 22, 2020 | 11:05

Czech billionaire Daniel Kretinsky is the fourth largest Sainsbury shareholder, expanding a portfolio of retail investments, says Reuters. The stake...

Industry

Mojca Mia Berger is the new CFO of Slovenian paper mill Vipap Videm Krško

Cristian Stefan - September 16, 2020 | 16:34

RIDG Holding Group, the new Czech owner of Slovenian paper mill Vipap Videm Krško, continues to restructure and modernize...

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Bucharest

RC Europe opens its third Nest retail park in Romania, in Oradea

Cristian Stefan - August 26, 2020 | 11:52

The Czech real estate developer RC Europe to open on August 27 the third retail park of the group in Romania, after a total...

Economy

Czechs living in the country’s largest cities have the highest purchasing power

Cristian Stefan - November 16, 2020 | 21:55

Czechia has a per capita purchasing power of €9,179, which puts it almost 34 percent below the European average and in twenty-fifth place among...

Business

PPF Group acquired Central European Media Enterprises

Cristian Stefan - October 13, 2020 | 20:40

PPF Group announces that its fully owned subsidiaries have completed the acquisition of Central European Media Enterprises. PPF now holds full control of CME’s...

Prague

XXXLutz opens seven new furniture stores in Czechia

Cristian Stefan - August 17, 2020 | 10:55

XXXLutz will open seven new XXXLutz stores throughout the Czech Republic from Monday 17 August in addition to the existing three stores. Seven former Kika...

Prague

Growth of sale of non-food goods in Czechia in June 2020

Cristian Stefan - August 6, 2020 | 22:06

In June, sales decreased in real terms (at constant prices) by 2.0%, year‑on‑year. Sales in retail trade increased by 0.2%, month-on-month. Seasonally adjusted sales in retail trade, except of motor...

Prague

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