Articles for category: Business

Matt Atlas

Creative Dock Launches Peer-To-Business Lending Platform

Creative Dock, the creators of the peer-to-peer lending platform Zonky, have launched a similar service for small and medium-sized enterprises. The company believes that peer-to-business loans, especially in the current crisis, will thrive. This week, the studio is launching its own P2P business loan platform Nafirmy.cz, which targets small and medium-sized companies, offering them the ...

Matt Atlas

Czech New Car Sales Down 15.5% In February

Sales of new passenger cars in the Czech Republic in January and February fell by 19 percent to 29,481 vehicles. In the second month of the year, the decline was 15.5 percent. Škoda Auto sold the most cars. The Association of Car Importers announced this today. Purchases of companies accounted for 81 percent of the market, which is ...

Matt Atlas

Two Czech Firms Make FT List Of Fastest Growing Companies

The Financial Times published its fifth ranking of the fastest-growing European companies. The list contains a total of a thousand startups. According to the server, half of them saw sales or profit fall last year. The reason is a persistent pandemic, but Brexit or another event also played a role for some. This time, only ...

Matt Atlas

PPF Telecom Group Sees Profits Rise 16%

Last year, the PPF Telecom Group increased its net profit by 16.1 percent to 432 million euros. The group’s consolidated revenues, including O2, CETIN, and Telenor, were EUR 3.2 billion. As of December 31, 2020, the number of customers of PPF Telecom Group’s mobile operators increased by 0.6 percent year-on-year to 18.3 million. The number ...

Matt Atlas

ARX Equity Acquires I-Tech

The domestic investment group ARX Equity Partners have acquired the Slovenian company Instrumentation Technologies (I-Tech). Which specializes in the development and production of devices used for scientific purposes in particle accelerators. The company uses its know-how and research department, for example, to develop and manufacture devices for proton radiotherapy. The transaction also includes Red Pitaya, ...

Matt Atlas

Daniel Kretinsky and Patrik Tkac

Vesa Equity Acquires Stake in PostNL

The investment company Vesa Equity owned by billionaires Daniel Křetínský and Patrik Tkáč, bought over sixteen million shares of the Dutch post office PostNL. The Dutch websites Quote and DeAandeelhouder first reported the news over the weekend. Vesa paid about 56 million euros for the shares based on stock exchange prices, which represents almost 1.5 ...

Smartwings Sues Boeing Over Grounded 737 MAX Losses

Smartwings Returns Boeing 737 MAX To Service

After almost two years, Smartwings has returned the Boeing 737 MAX to regular service. Before today’s flight to Malaga, the carrier modified the aircraft as required and successfully performed a verification flight with it on Wednesday. By the summer, the airline wants to deploy the remaining six of these aircraft gradually. “No machine has undergone ...

Aston Martin Losses Soar To £466M

Last year, the British luxury car manufacturer Aston Martin lost 466 million pounds, about 14 billion crowns, from 120 million pounds in the previous year. Last year, the company, like other carmakers, faced the negative effects of coronavirus spread. However, the company also stated that it expects a significant increase in sales and a gradual ...