Business

Sazka Group Names New CEO

The current Marketing Director, Aleš Veselý, will become the new CEO of Sazka in February. He will replace Robert Chvátal, who will become the Chairman of the Board of Directors of Sazka and will continue to manage the parent group of Sazka Group. Sazka informed ČTK about it today. Veselý has been working in Sazka […]

PPF Seeks Public Offer For Moneta Shares

Petr Kellner’s PPF Group aims to launch a public offer for shares in Moneta Money Bank and sell its Air Bank unit to the lender in a share swap that renews an attempt at a deal that fizzled two years ago. Moneta published it today as mandatory information and added that it is ready to […]

Skoda Auto Production Falls 17% In 2020

Škoda Auto produced 753,013 cars in its Czech plants last year, 17 percent less than in 2019. The reason was the interruption of production for 39 days and measures against coronavirus. The carmaker announced this in a press release. At the main plant in Mladá Boleslav, the company produced 480,000 cars from the Fabia, Scala, […]

Czech Car Production Falls To 6-Year Low

Production of passenger cars in the Czech Republic fell by 19.2 percent to 1.15 million vehicles last year. After the sharpest decline in history, caused mainly by restrictions due to coronavirus, it returned to the level of 2014, according to the Association of the Automotive Industry, Škoda Auto produced 749,579 cars in its Czech plants, […]

Europe Car Sales Plummet 24% In 2020

Sales of new passenger cars in the European Union fell by a record 23.7 percent to 9.94 million last year due to the pandemic’s effects. According to the European Automobile Manufacturers Association (ACEA). In the Czech Republic, the decline was slightly more modest but still exceeded 18 percent. At the end of the year, however, […]

CPI Sells Stake In FM Division

The real estate group CPI Property Group, owned by Czech billionaire Radovan Vítek, has sold a majority stake in its facility management division, including building management and operation to M2C, a company that provides security, maintenance, and cleaning services. “This step is related to our long-term strategy, which aims to focus on the main sectors […]

IBZ Group Acquires Pilsen Tools

Pilsen Tools, which has been in bankruptcy since November 2019, has a new owner, the IBZ group from Nýřany in the northern Pilsen region. The new owner took over the machines, the production hall, which underwent extensive modernization in 2018, and about 50 employees. The sale of the company’s property outside the auction to the […]