Production of SUV Škoda Kodiaq will remain in the Czech Republic. Earlier, there was speculation about a possible relocation of its production to Germany. The Fabia in the combi version will also continue to be produced. Production of the Superb model will move to Bratislava, where it will be manufactured alongside the Volkswagen Passat. The […]
The Czech Telecommunication Office has already started the auction part of the auction of frequencies in the 700 and 3400 to 3600 MHz bands for fast 5G mobile networks. Seven bidders are bidding. The total starting price of the frequencies was CZK 5.4 billion. The Office has previously stated that the active phase will probably […]
The production of the Škoda Superb will move from the Czech Republic to the Volkswagen factory in Slovakia, Hospodářské noviny (HN) reports citing credible sources. According to HN, the production of the new generation of Superb is to be moved to Bratislava and will probably reach the market in 2022. The development of Superb is […]
Apollo Global Management will invest EUR 500 million in the newly formed company Sazka Entertainment. The investment is for acquisition and merger opportunities in the gaming business in Europe and the USA. As a subsidiary of the KKCG group of entrepreneur Karel Komárek, Sazka Entertainment will become the 100% owner of Sazka Group from the […]
CEZ Energy Group reported the same net profit for the first three quarters of this year as the same period last year, CZK 13.6 billion. Revenues rose by about five percent year on year to 155.5 billion crowns, the company announced today. The company stated that its results were positively affected by, among other things, […]
Sales of electric cars on the Czech market increased from January to the end of October year-on-year to triple 1,888 vehicles. The number of hybrids sold then increased by 43 percent to 9,474 cars. Of this, the number of so-called plug-in hybrids increased, mainly due to the entry of Škoda into the segment, from 324 […]
The energy company ČEZ and the British Rolls-Royce will cooperate in developing small modular reactors after signing a Memorandum of Understanding. The companies will share technical knowledge and assess in detail the possibility of using SMRs in the Czech Republic. “We have been focusing on new solutions and technologies for a long time. We are […]
The Czech National Bank kept its benchmark interest rates unchanged at 0.25 percent. AThe central bank also improved its economic development forecast this year in the new estimates while worsening the forecast for next year. This year, it expects the economy to decline by 7.2 percent and next year to grow by 1.7 percent. In […]
Sales of new passenger cars fell by 21.7 percent to 165,154 vehicles in ten months. After a promising September, when sales rose by seven percent, the market fell by 15.6 percent in October. The Association of Car Importers announced this today. The best-selling Škoda is again with a drop of less than 14 percent to […]