Business

Microsoft ČR Profits Up 4% To CZK 176 Million

Microsoft s.r.o., the company’s Czech subsidiary profits grew by four percent to CZK 176 million in the fiscal year ending June 30. Revenues fell by 4 percent to CZK 1.78 billion. The subsidiary remits all profits to the parent company Microsoft in Redmond. Cloud services, which include Office 365, Azure, Dynamics 365, and Microsoft 365, […]

GFG Alliance To Invest 750 Million Euros In Liberty Ostrava

GFG Alliance wants to invest 750 million euros in its Liberty Ostrava steel plant over the next ten years. Part of the investment will be to build a new hybrid furnace, the first of its kind in Europe. The rolling mills will also undergo significant modernization. “We want to support Liberty Ostrava on its way […]

Budweiser Budvar Reports Record Sales of CZK 3 Billion

Budweiser Budvar National Corporation increased beer production by less than five percent to a record 1,679 million hectoliters last year, with total sales exceeding CZK 3 billion for the first time. The business results of the enterprise, which falls under the Ministry of Agriculture, are mainly driven by exports. Budvar beer can be purchased in […]