The PPF Group of the late Petr Kellner generated a consolidated and audited net profit of EUR 208 million (CZK 5.32 billion) in the first half of 2021, while a year earlier it reported a loss of EUR 384 million (CZK 9.83 billion). PPF informed ČTK about it today. The group’s total assets reached EUR 40.3 […]
Although hundreds of thousands of workers and craftsmen are missing in the production companies, the growth of starting wages has not been seen this year. Workers in professional positions in particular improved, most often by one percent. That’s according to a survey of Grafton Recruitment’s staffing agency. This took place in the third quarter of 2021. The data […]
Sales of new passenger cars fell by a quarter year-on-year to 12,670 vehicles in October. Sales in ten months reached 174,494 cars, up 5.7 percent from the same period last year, lagging 17 percent behind the year before 2019. This follows from the data of the Association of Car Importers. The decline in sales in the autumn […]
Raiffeisenbank’s net profit for the three quarters of this year rose by 70 percent year on year to 2.89 billion crowns. The bank’s assets increased by 24 percent to CZK 525 billion. The bank informed ČTK about this today in a press release. Other large banks also recorded a significant increase in profits. “We were very busy with […]
Daniel Křetínský and Patrik Tkáč’s energetický a průmyslový holding (EPH) is selling a stake in Stredoslovenská energetika (SSE). The company is one of the three regional distributors of electricity in the country. CEZ and E.ON německýpodnik, are the favorites to take over the stake but the Hungarian state energy company MVM is also interested. EPH holds 49 percent of the […]
The Czech Republic succeeded in an international arbitration with the Swiss company Pawlowski AG for approximately 5.2 billion crowns, the Ministry of Finance informed ČTK. The Reporter magazine drew attention to the shift in arbitration. The dispute concerned an allegedly failed development project in Benice, Prague. Entrepreneur Sebastian Pawlowski bought land between Prague’s Benice and Uhříněves between 2007 and […]
Today, the energy company ČEZ received 1.484 billion crowns from the state. This is interest on arrears in a dispute over the gift tax paid by the company on emission allowances for 2011 and 2012. Income will increase the company’s net profit for the fourth quarter of this year. The company announced it on its website today . CEZ’s majority […]
The lack of chips and the associated significant reduction in production will significantly burden the fourth quarter, said Škoda Auto in a press release. The company responds with increased cost discipline and the introduction of an extensive program to increase efficiency. In the period from January to September, the carmaker Škoda Auto almost doubled its operating profit […]
Conditions in the Czech manufacturing sector continued to improve in October, however, the Purchasing Managers’ Index (PMI) fell to 55.1 points for the fourth time in a row from 58 points in September. PMI is the lowest since last November, informed IHS Markit. The level of 50 points in the index is the divide between growth and […]