The Czech Ministry of Industry and Trade published the list of nationalities of foreign entrepreneurs in the Czech Republic. The top three were Ukraine (21,830 entrepreneurs), followed closely by Vietnam (21,500 entrepreneurs) and Slovakia in third position (17,150 entrepreneurs). These three were followed by Germany (3,157) and Russia (3,014) in fourth and fifth position respectively. […]
Reuters reports that Daniel Kretinsky is buying more shares in German retailer Metro from Ceconomy, the companies said on Thursday, likely stoking speculation of a full bid. Metro, whose shares are down a third so far this year, has been refocusing on its core cash-and-carry business, selling its Kaufhof department stores and splitting from […]
Prague, Sept 21 (CTK) – The British energy ministry has issued a building permit for a new gas-fired power station in Eggborough to British company Eggborough Power Limited from Energeticky a prumyslovy holding (EPH), a Czech energy and industry group of entrepreneur Daniel Kretinsky, Euro weekly said on its website today. The gas-fired power […]
Prague, Sept 20 (CTK) – There are 67 Czech companies on the list of 500 largest firms in 12 countries of Central and Eastern Europe (CEE), with the Czech Republic’s number being third highest after Poland and Hungary, according to CEE Top 500 ranking published by Coface credit insurer today. The number of Czech […]
Prague, Sept 19 (CTK) – The Transparency International (TI) organisation sent today its second motion concerning Czech Prime Minister Andrej Babis’s possible conflict of interest, this time to the European Commission (EC), today, TI has announced in its press release. According to TI, billionaire businessman Babis (ANO chairman) is suspected of still controlling the […]
Prague, Sept 19 (CTK) – Canis Safety, an importer, producer and distributor of personal protective equipment at workplace, saw its 2017 turnover rise by 8 percent to Kc2bn, the company said in a press release today but did not disclose the information on its profit size. It generated a profit of Kc147m in 2016. […]
Prague, Sept 14 (CTK) – The state has signed three deals on granting subsidies worth 6.5 million crowns to firms that are part of Agrofert, a holding built by current PM Andrej Babis, and also to firms of Agriculture Minister Miroslav Toman’s father, which may be at odds with the EU rules, the Pirates have […]
Kurim, South Moravia, Sept 14 (CTK) – Tyco Electronics Czech, a producer of electronic parts for cars, saw its revenues rise by 4.5 percent to Kc7.78bn in its past financial year, while its net profit fell by Kc108m to Kc132m, according to the company’s annual report. Tyco’s fiscal year ended on September 30, 2017. […]
Prague, Sept 13 (CK) – Prime Minister Andrej Babis on Tuesday met top managers of the most important foreign companies which have branches in the Czech Republic for discussion about outflow of profits abroad, Lidove noviny (LN) daily writes today. Babis wants to keep the money of multinational firms in the Czech Republic, not […]