The Czech payment gateway GoPay has been acquired by Worldline, a provider of payment and transaction services. Worldline’s acquisition of a 53% majority stake in the Czech company was first announced in April this year, and the agreement was concluded during the third quarter. The companies had to wait for the Czech National Bank to […]
Avast donated $500,000.00 to the international non-profit organization, The Shadowserver Foundation, to support their mission to make the internet more secure. The contribution is the largest single donation this year to the foundation. Trend Micro announced a $600,000 grant in May, spread over three years. The Internet Society also contributed $400,000 this year. Avast contributed […]
Pilulka, a Czech based pharmacy and technology company, has announced its initial public offering on the Prague Stock Exchange’s START market by mid-October. The START market is an MTF market for Czech & innovative SME’s worth over CZK 25 million. Pilulka plans to offer 20 percent of the company in the IPO, which will be traded on the […]
Czech Railways lost CZK 1.98 billion in the first half of 2020 due to the coronavirus crisis and reduced traffic. A decrease in sales was recorded in passenger and freight transport. 59.8 million passengers traveled on the carrier’s trains in the first half of the year, a third less year-on-year. The company reported profits in […]
China will ban all members of Senate President Milos Vystrcil’s Taiwan delegation, state-owned China Daily reports, citing unnamed Chinese officials familiar with the situation. According to these sources, they will also not allow Czech companies whose representatives were in the delegation to enter their market. The daily wrote that Vystrčil was accompanied in Taiwan by […]
Czech aviation group Smartwings has filed a lawsuit against aircraft manufacturer Boeing after failing to reach a settlement for losses incurred due to the forced grounding of its seven Boeing 737 MAX aircraft. Aviation authorities halted the operation of the Boeing 737 MAX aircraft worldwide last year after two tragic accidents attributed to a software […]
U.S. software company Astute acquired the Czech based social media marketing platform Socialbakers. They did not announce the acquisition price, but experts say it is one of the largest Czech technological scene deals. The companies said they would build a shared environment using artificial intelligence principles to manage marketing on social networks and customer satisfaction […]
Czech billionaire Karel Komárek announced that his family foundation purchased pianos from Petrof after a Chinese customer canceled their order in protest of Senate President Miloš Vystrčil’s visit to Taiwan. The foundation will distribute the eleven pianos to Czech schools. The shipment of pianos to China is worth 200,000 euros. According to the president and […]
On Monday, the High Court in Prague annulled the declaration of bankruptcy of the Mladá fronta publishing house, and thus the subsequent sale at auction. The reason is the possible bias of Judge Zdeněk Strnad towards Mladá fronta or other participants in the proceedings. Both Mladá fronta and Týden magazine, owned by one of the […]