PPF and Moneta Money Bank have agreed on a new model for financing the merger of Moneta Money Bank and the banking division of PPF, which includes Air Bank, Czech and Slovak Home Credit and Benxy (Zonky). PPF Group announced this in a press release today. The merger agreement was approved by Moneta Money Bank shareholders in […]
Car production in the Czech Republic fell by 47 percent year on year in October due to outages caused by a lack of chips, and 68,202 passenger cars were produced. The Association of the Automotive Industry stated this in a press release. According to him, a total of 899,855 cars were produced this year, which is four […]
Sales of new passenger cars in the European Union fell by 30.3 percent year on year to 665,001 in October. The European Automobile Manufacturers Association (ACEA) announced this on its website today . Sales fell for the fourth month in a row and this October is the worst October in record history. The Volkswagen Group, of which Škoda Auto was the worst, did […]
Companies in the Czech Republic plan to invest approximately 117 billion crowns in the environment and social sustainability (ESG) by 2025. At the same time, roughly two thirds of Czech companies plan to take the ESG criteria into account in their investment decisions in the next five years. 37 percent of companies have already used some form […]
The largest domestic manufacturer of 3D printers, Prusa Research, has bought an 80 percent stake in the Czech company Trilab, which develops and manufactures 3D printers for companies. The companies stated this in a press release. They will not publish the price. Prusa Research joined the Hradec Králové company Trilab, which was founded in 2016 by Vojtěch […]
The biotechnology company Sotio Biotech from the PPF group obtained a license from the South Korean company LegoChem Biosciences (LCB) to use the technology to develop five new anticancer drugs. The price for licensing rights can reach up to 1.03 billion US dollars (22.8 billion crowns) and depends on the achievement of certain development stages. According to […]
Industrial producer prices in the Czech Republic rose by 11.6 percent year on year in October, accelerating growth from 9.9 percent in September. This was their most significant growth since January 1992. Rising prices also accelerated for other manufacturers. In agriculture, prices were higher by 14.1 percent compared to last October, in construction by 7.5 percent and […]
Czech Airlines (CSA), which is currently in bankruptcy, recorded a pre-tax loss of over 105 million crowns during the first nine months of this year. Nevertheless, thanks to the sale of assets, especially emission allowances, the company is gradually paying part of its receivables, thus increasing the balance of money at its disposal. This follows from the […]
According to the Association of Exporters, exports of goods from the Czech Republic abroad could increase by nine percent year-on-year to a record 3.8 trillion crowns this year. However, the foreign trade balance should end with a negative balance for the first time since 2010, at around 50 billion crowns. Last year, the foreign trade balance was […]