The dispute between Liberty Ostrava and its energy supplier Tameh Czech is over. The parties agreed on a partial settlement of the accumulated energy debts and set the framework for future financial relations. At the same time, Tameh withdrew the lawsuit they filed last November. “The agreement is a success for both parties and guarantees ...
CSA is preparing a restructuring to save the company, company spokeswoman Vladimíra Dufková said today. Part of the restructuring includes redundancies, which the company has notified the Labor Office in recent days. However, according to the company, this is only an intention and does not necessarily mean all employees’ dismissal. Hospodářské noviny (HN) writes today ...
ČEZ is holding talks to acquire the Czech branch of Vodafone. It is being decided which parts of Vodafone’s business would make sense for CEZ and how much. Vodafone confirmed the negotiations on “cooperation” According to reports, the decision should be made by the summer. Last year, the energy company announced its plans to build ...
Renault’s French carmaker has a record loss of eight billion euros (207.2 billion CZK) last year due to a pandemic. In the second half of the year, however, the situation began to improve, the company said today. Due to anti-pandemic closures, the company produced less, which also affected the Japanese partner Nissan. The group did ...
Airbus reported an operating loss of 510 million euros in 2020 due to the covid-19 pandemic after gaining 1.3 billion euros in the previous year. The company announced it today. The company’s revenues fell by 29 percent to 49.9 billion euros last year. Operating profit excluding extraordinary items fell 75 percent to 1.7 billion euros. ...
In January, the production of passenger cars in the Czech Republic fell by 11.7 percent year on year to 104,576 vehicles. The reason is the continuing impact of the coronavirus pandemic, which is reflected in the decline in demand for cars in Europe. It was a quarter lower than last year. The Association of the ...
The Office for the Protection of Competition (ÚOHS) has approved Sokolovské uhelné’s plan to buy T-Watt. “Competitors are merging mainly in wholesale electricity and providing energy management consulting for local distribution network operators. During the administrative proceedings, the Office found that the said concentration would not result in a significant distortion of competition, “the Office ...
Housebound music lovers starved of live shows during the pandemic got their groove on with vinyl records instead, fuelling a buying boom that drove the world’s biggest LP maker to its best-ever annual sales and profit. GZ media, which presses records ranging from global superstar Lady Gaga to independent punk band Cock Sparrer saw sales ...
Petr Kellner’s PPF Group has selected banks to help it explore a potential listing of its telecommunications company Cetin, Bloomberg reports. PPF is working with BNP Paribas, Morgan Stanley, and Société Générale to examine options for Cetin, including the primary issue of shares. The transaction could value Cetin at about four billion euros (over one ...
