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 […]

Penny Launches Grocery Delivery In Pilsen

The Penny chain has launched its own e-shop called PennyDomů . Delivers purchases to customers through DoDo. It also ensures the preparation of orders. So far, it is offering the service in Pilsen, and if the pilot operation is successful, it plans to expand its online purchases to other locations. Penny Market said in a press release today. The COOP network has […]

Moneta Named Best Bank In Czech Republic

Moneta Money Bank won the title of the Best Bank in 2021, Komerční pojišťovna became the best life insurance company and Generali Česká pojišťovna was again the best non-life insurance company. The results of the 13th year of the competition were announced today by Hospodářské noviny, the research and evaluation was carried out by the Datank […]

Vasky Revenues Surge To 300 Million Crowns

The company Vasky trade could produce around 300,000 pairs of shoes next year. This is twice the expected production this year, last year the company produced 45,000 pairs of shoes. While in 2020 the company’s turnover reached 120 million crowns, including VAT, this year it will be around 300 million crowns, and next year it could exceed […]

ShipMonk Acquires El Mar Mexico

Jan Bednář’s logistics company ShipMonk has acquired the Mexican company El Mar Mexico and expands outside the United States for the first time. The value of the transaction was not stated by the company. Bednář has previously said that even thanks to recent acquisitions, the value of his company will most likely exceed or has already exceeded […]