The Czech National Bank board voted unanimously to keep interest rates unchanged today. The main interest rate, on which the interest rate on commercial loans is derived remains at 0.25 percent. According to economists, rates should remain unchanged for an extended period. However, according to economists, uncertainty is caused by further developments around the spread […]
IP Fabric, a network management software provider, has secured €3.5 million in a Series A funding round led by Senovo and Presto Ventures. The leading investor of the A series is the German fund Senovo operating from Berlin and Munich. The Czech Republic is not new to this group. In 2018 Senovo invested an unspecified […]
ČEZ has invested in the Swedish startup Eliq through its fund Inven Capital. Inven became the leading investor in the Series A round of five million euros. Contrarian Ventures and other investors also took part. Eliq has collected nine million euros in all rounds so far. To acquire the minority stake, Inven Capital has partially […]
Firearms manufacturer CZG – Ceska zbrojovka Group SE, has launched a public offering of shares on the Prague Stock Exchange. CZG, whose ordinary shares began trading on Prime Market on 1 June 2020, set a price range of 290 to 370 crowns per share with trading to start on 2 October. The group will offer […]
JCDecaux International Group has launched an arbitration dispute with the Czech Republic over the termination of the lease of advertising space by the Prague transport company. The specific amount of the claimed damage is not stated in the lawsuit. The company sent a pre-litigation appeal at the end of February. At that time, it calculated […]
Another international video game development studio is launching in the Czech Republic. THQ Nordic, now known as Embracer Group, is preparing to open a new studio in Brno. The name has not been announced yet, but the branch will be working on a strategic RPG game. Embracer already operates in the Czech Republic. The Swedish […]
IFIS investiční fond a.s. filed an insolvency petition against Arca Capital Slovakia on Thursday at the Prague Municipal Court. IFIS stated that it is trying to enforce bankruptcy in the Czech Republic in the interest of creditors, even though the debtor is formally domiciled in Slovakia. IFIS is taking steps to unify its creditor base and is […]
The Mladá fronta publishing house has filed for bankruptcy again and asks that the insolvency court declare bankruptcy for its property as soon as possible, without delay. Last week, the High Court overturned the publishing house’s bankruptcy and the subsequent sale at auction. In the insolvency filing, the company states that the only solution at […]
Daniel Křetínský’s Vesa Equity Investment bought a 3.05 percent stake in the British supermarket chain Sainsbury’s, making it the fourth-largest shareholder in the company. Křetínský and partner Patrik Tkáč have long invested in retail, wholesale, and e-commerce companies. Vesa recently increased its stake in the French retail company Casino, where it now has a 7.15 […]