Steel producer ArcelorMittal increased its net profit to $ 4.6 billion (CZK 101 billion) in the third quarter, compared to a loss of $ 261 million a year ago. This is the highest profit since 2008. The economy was mainly supported by rising steel prices, the company said in its results report today . Earnings before interest, taxes, depreciation […]
The Regional Court in Hradec Králové approved the reorganization plan of the bankrupt fur trading company Kara Trutnov. This follows from the documents in the insolvency register. The reorganization is intended to preserve Kara’s business. Creditors agreed to the reorganization plan on October 25. Kara has been in insolvency proceedings since February. It has 160 creditors who demand 277 million […]
The long-discussed event is a fact. Sparta owner Daniel Křetínský bought a minority stake in West Ham, England, where Czech representatives Tomáš Souček , Vladimír Coufal and Alex Král also play . The successful Czech now owns 27 percent of the London club. According to the British media, entering West Ham is an investment worth about 150 million pounds (4.43 billion crowns). […]
Kolín-based carmaker Toyota Motor Manufacturing Czech Republic began production of the Toyota Yaris today. Over the last three years, Toyota has invested over 180 million euros (approximately 4.5 billion crowns) in expanding its operations in Cologne. The Toyota Yaris is now produced on the same line as the Toyota Aygo, Peugeot 108 and Citroën C1 models, company […]
The net profit of the ČEZ energy group for the three quarters of this year fell by almost seven billion to 6.7 billion crowns year-on-year. Revenues amounted to 156 billion crowns, which is approximately the same as in the same period last year. The reduction in profit was influenced by the EU climate policy and also by […]
Unemployment in the Czech Republic fell to 3.4 percent in October from 3.5 percent in September. The Labor Office of the Czech Republic (ÚP ČR) registered 251,689 job seekers, which is approximately 10,500 less than in the previous month. According to analysts, seasonal factors, such as ongoing construction work, as well as economic recovery, are behind the […]
Jan Becher Pernod Ricard’s sales and profit fell in the same year. In the financial year ending in June this year, the Karlovy Vary liqueur producer reported sales of 1.073 billion crowns, which was 124 million crowns less than in the previous year. Profit before tax reached 122 million crowns, a year earlier it was 221 million. This […]
Restrictions on production in domestic carmakers led Czech industry to a deeper decline in September and foreign trade to a deficit of more than 13 billion. Economists do not expect improved. The trade balance was also affected by rising prices of natural gas and oil. Although construction accelerated growth in September, according to analysts, this is due to […]
Year-on-year inflation rose sharply to an average of 5.7 percent in October from 4.9 percent in September. This follows from the estimates of analysts contacted by ČTK. According to economists, housing-related items continue to make the largest contribution to price growth. The growth of fuel prices is also noticeable. Compared to the previous month, economists estimate consumer price growth […]