Articles for category: Business

Czech Consumer Confidence Index Falls In November

Confidence in the Czech economy fell by 0.1 point month-on-month to 95.2 in November. It has been declining for five months in a row. The decline is mainly due to a drop in consumer confidence, while entrepreneurs’ outlook for the economy has improved. This follows from the results of a survey published today by the Czech Statistical Office (CSO). Compared to ...

IMF Downgrades Economic Forecast For Czech Republic

The Czech economy will grow by 2.6 percent this year and growth will accelerate to 3.5 percent next year. This follows from the conclusions of the regular mission of the International Monetary Fund (IMF) in the Czech Republic. In October, the fund expected growth of 3.8 percent this year in the case of the Czech economy and 4.5 percent ...

Pocerady Power Plant

E.ON To Invest 27 Billion Euros By 2026 Into Europe’s Energy Transition

The German energy group E.ON will invest around 27 billion euros (more than 687 billion CZK) by 2026 to prepare distribution networks and customers for the transition to renewable energy sources. The company also set goals in terms of profit generation and a dividend payment plan. E.ON has thus joined its rivals, who have either already outlined similar plans ...

Energie ČS To Merge With Amper Market

Energie ČS will merge with Amper Market. Both belong to Jiří Písařík’s Bohemia Energy group, which ceased operations in mid-October. The merger of the two companies is in line with the strategy of the Bohemia Energy group to gradually close down, said its spokeswoman Hana Novotná. All rights and obligations of Energie ČS towards customers and business partners ...

Promet Group Sees Profits Soar

Promet Group, co-owner of Tatra Trucks and one of the largest family companies in the Czech Republic, improved its gross operating profit (EBITDA) last year, despite the pandemic and lower sales. The most monitored indicator of company performance in the group increased by more than a fifth from 412 million to half a billion crowns. According ...

Investika Expands In Poland With 2 Acquisitions

The real estate fund of the Czech investment company Investika is strengthening its foreign portfolio. For about 400 million crowns, it bought two branded service centers for MAN and Neoplan trucks and buses in Gdańsk and Wrocław. It follows on from its March acquisition of the Szyperska administrative complex in Poznan, Poland. “It’s an investment that appealed ...

Jungheinrich To Open Manufacturing Plant In Czech Republic

The German company Jungheinrich will build a factory for the production of forklift trucks in Chomutov. About 350 people will find work in it. Construction will begin next year. Production is expected to start in 2023. The project budget is approximately 60 million euros, which is approximately 1.5 billion crowns. Martin Koudelka from the company’s marketing department informed CTK ...

Air Bank Sees Profits Grow In First 9 Months Of 2021

The Air Bank Group, which consists of Air Bank, Benxy and the Czech and Slovak Home Credit, reported a net profit of CZK 1.47 billion in the first nine months of the year. Year-on-year growth is 16.9 percent. Compared to the same period in 2020, operating revenues fell slightly by 1.6 percent to 4.29 billion crowns. Air Bank ...

Avast Headquarters

Avast Shareholders Approve Merger With NortonLifeLock

The expected merger of cybersecurity companies Avast and NortonLifeLock will become a reality. One of the last conditions was the approval of the merger by the shareholders of the Czech company, which has now happened. Two weeks ago, the merger was approved by an American company. The two companies agreed to a merger in August, the Americans offered ...