Business

Iveco Bus Czech Republic
Iveco CR Sees Revenue And Profit Fall In 2020

The bus manufacturer Iveco Czech Republic last year generated a profit after tax of 2.218 billion crowns. That is 528 million crowns less than the year before. Revenues decreased by eight percent to 22.341 billion crowns. The company produced 4,522 buses last year. In 2019, its production reached 4,612 vehicles. Due to the coronavirus pandemic, […]

CNB Approves PPF Raising Moneta Stake

Tanemo from the PPF Group received approval from the Czech National Bank to increase its stake in Moneta Money Bank to 28.36 percent. Tanemo received a confirmation from its shareholders that it had repurchased 141,723,860 shares from Moneta’s voluntary public repurchase offer. The price for the purchased shares would reach 11.3 billion crowns. The settlement […]

Marek Spanel Acquires Echo Media

Marek Španěl, the co-founder of the Bohemia Interactive game studio, has become the new majority owner of the Echo Media publishing house, which operates the Echo24 daily and the Echo Weekly. He bought a majority stake in Rudolf Ovčaří, the original financial investor of the publishing house. Echo said this in a press release today. […]