Articles for category: Business, Europe

Matt Atlas

Kretinsky EPH Group

EPH reports a first-half net profit of €2.2 billion

Energy and Industrial Holding (EPH) of entrepreneur Daniel Křetínský recorded a net profit of 2.2 billion euros in the first half of this year. It improved from last year’s 602 million euros (over 14.63 billion CZK). A new acquisition of Slovenská elektrárne has already been reflected in this year’s economic results. EPH spokesman Daniel Častvaj ...

Petr Dubinsky

Europe Breaks Ground on Strategic Shift Away from Chinese Rare Earth Dominance

A sprawling industrial complex on France’s Atlantic coastline has emerged as a critical piece in Europe’s ambitious plan to reshape global supply chains for the materials that power modern technology. Solvay’s rare earth processing facility in La Rochelle represents nearly eight decades of expertise in handling the 17 specialized metals essential to everything from smartphone ...

Kretinsky EPH Group

EPH sees revenue, profit fall

Billionaire Daniel Křetínský’s Energy and Industrial Holding (EPH) reported a slight drop in revenue, declining to EUR 23.3 billion (approximately CZK 585 billion) from EUR 24 billion (roughly CZK 63 million) a year earlier. According to company spokesperson Daniel Častvaj, EPH’s operating profit (EBITDA) also dipped from EUR 3.6 billion (about CZK 90 billion) in ...

Trump tariffs cost billionaires $208B in 1 day

On Thursday, the combined fortunes of the 500 wealthiest individuals in Bloomberg’s global ranking dropped by an estimated USD 208 billion (equivalent to CZK 4.7 trillion). This marks the fourth-largest single-day decrease in the index’s 13-year history and the most substantial dip since the peak of the COVID-19 crisis. Analysts attribute this decline to a ...

Skyscrapers, highrise building landscape photo

Why workplace culture matters: Driving success and employee satisfaction

Workplace culture shapes the daily experiences of employees and impacts a company’s success. It includes the shared values, beliefs, and behaviours that define an organisation’s environment. A positive culture can boost morale, increase productivity, and attract top talent. A strong workplace culture leads to better business outcomes. Companies with engaged employees and a positive atmosphere ...