Business

JO Investment Executives Indicted In 2.4 Billion Crown Ponzi Scheme

Four people were indicted due to investment fraud with damages of about 2.4 billion crowns associated with the company JO Investment. According to the indictment, at least 3900 clients were deceived. The High Public Prosecutor’s Office in Prague has announced on its website . According to the plaintiffs, all four defendants committed money laundering, and three of them committed fraud. According to earlier […]

Prague Airport To Resume More Direct Flights This Winter

During the winter flight schedule, which will take effect on Sunday, passengers will be able to fly from Prague Airport to 92 destinations. For example, there will be new routes to Tel Aviv, Naples, Odessa, Kiev, Dubai and Amsterdam. A total of 47 airlines, including Eurowings, will fly from Prague during the winter, opening their new base […]

PPF Offloads Telenor Montenegro to 4iG

PPF Telecom Group has sold 100 percent of shares in Telenor Montenegro to Hungarian 4iG. Completion of the sale is subject to approval by the regulator in Montenegro and its settlement is expected by the end of this year. PPF stated this in a press release. Both parties have agreed not to disclose the price. “Our business strategy […]