The American corporation Ball, a recyclable aluminum packaging manufacturer, wants to start construction of a new production plant in a new industrial zone in Pilsen this spring. The 170 million euros plant will create about 200 jobs. The company plans to launch operations in October 2022. “It is a response to the growing demand from […]
The current Marketing Director, Aleš Veselý, will become the new CEO of Sazka in February. He will replace Robert Chvátal, who will become the Chairman of the Board of Directors of Sazka and will continue to manage the parent group of Sazka Group. Sazka informed ČTK about it today. Veselý has been working in Sazka […]
Petr Kellner’s PPF Group aims to launch a public offer for shares in Moneta Money Bank and sell its Air Bank unit to the lender in a share swap that renews an attempt at a deal that fizzled two years ago. Moneta published it today as mandatory information and added that it is ready to […]
Škoda Auto produced 753,013 cars in its Czech plants last year, 17 percent less than in 2019. The reason was the interruption of production for 39 days and measures against coronavirus. The carmaker announced this in a press release. At the main plant in Mladá Boleslav, the company produced 480,000 cars from the Fabia, Scala, […]
The German car group Volkswagen is facing a fine of more than 100 million euros (2.6 billion CZK) for failing to meet the European Union’s targets for carbon dioxide (CO2) emissions last year in its car fleet. The carmaker has reduced its EU fleet emissions by about 20 percent to 99.8 grams per kilometer (g […]
The Bulgarian energy regulator has approved the ČEZ’s sale of its distribution company in Bulgaria to the insurance and financial group Eurohold. It thus made it possible to complete the agreement for 335 million euros. In addition to the distributor supplying electricity to more than two million people, Eurohold will acquire other assets of ČEZ […]
Production of passenger cars in the Czech Republic fell by 19.2 percent to 1.15 million vehicles last year. After the sharpest decline in history, caused mainly by restrictions due to coronavirus, it returned to the level of 2014, according to the Association of the Automotive Industry, Škoda Auto produced 749,579 cars in its Czech plants, […]
Sales of new passenger cars in the European Union fell by a record 23.7 percent to 9.94 million last year due to the pandemic’s effects. According to the European Automobile Manufacturers Association (ACEA). In the Czech Republic, the decline was slightly more modest but still exceeded 18 percent. At the end of the year, however, […]
The real estate group CPI Property Group, owned by Czech billionaire Radovan Vítek, has sold a majority stake in its facility management division, including building management and operation to M2C, a company that provides security, maintenance, and cleaning services. “This step is related to our long-term strategy, which aims to focus on the main sectors […]