Nestle plans to move production of Lentilky confectionery from the Czech Republic to Germany. They have been produced in Holešov in the Kroměříž region since 1907, but from the spring of next year, they will be made in Hamburg. According to the company, the reason for the move is to align the recipe for Czech […]
In April 2016, Pavol Krúpa, a financier and co-founder of the Arca Capital Group, lectured at the University of Economics in Prague. One of his main topics was also how to make money on companies that have problems. If the students listened well, they could now try his theory on him. Pavol Krúpa has serious […]
The European Union will impose tariffs on imports of hot-rolled stainless steel coils and sheets from China, Indonesia, and Taiwan. The European Commission (EC) found in the investigation that they are sold at artificially low prices, according to its communication today. Anti-dumping duties enter into force on Thursday. After finding the EC, it determined that […]
Iveco Czech Republic generated a profit after tax of CZK 2.746 billion in 2019, a CZK 658 million increase from 2018. Annual revenues reached CZK 24.172 billion, which represents a year-on-year increase of five percent. According to documents published on the company’s website. The Vysoke Mýto manufacturer, formerly known as Karosa, marks its 125th anniversary […]
Manta, a unified data lineage platform provider, raised $13 million in its Series A financing. Bessemer Venture Partners led the round with participation from SAP.iO, Czech VC Fund Credo Ventures, and German VC Fund Senovo. Manta was created as an internal tool at the Czech consulting company Profinit in 2008 and became an independent company […]
The European Commission approved PPF’s bid to take over Central European Media Enterprises (CME). The transaction should be completed on 13 October, according to CME. CME includes television stations in five Central and Eastern European countries, including the Czech group Nova. “The Commission concluded the transaction would raise no competition concerns in the European Economic […]
New passenger car sales in the Czech Republic fell by 22.4 percent year-on-year to 148,319 vehicles in the first three quarters of 2020. In September, the market grew by seven percent, according to the Association of Car Importers. The slight year-on-year increase in the last month for passenger cars and light commercial vehicles does not […]
Aircraft Industries, a.s. operating as Let Kunovice reports sales of almost CZK 2 billion in 2019, down CZK 61 million crowns from the previous year. The aircraft manufacturer also saw profits decline year-over-year, falling from CZK 219 million in 2018 to CZK 133 million in 2019. Last year the company delivered ten L 410 aircraft […]
Czech billionaire Daniel Křetínský and Slovak investor Patrik Tkáč have raised their takeover bid for the German retail chain Metro. EP Global Commerce (EPGC) is now offering EUR 8.48 per ordinary share to shareholders who hold voting rights. For a preferred share that is not associated with voting rights, but usually a higher dividend, its […]