Production of passenger cars in the Czech Republic fell by 29.7 percent year-on-year to 586,333 vehicles from January to July. Škoda Auto recorded a decrease of 23.7 percent to 390,933 vehicles. The decline caused by the coronavirus crisis thus continued in the summer. The Association of the Automotive Industry (SAP) announced it today. Production in […]
Vítkovice, a.s. reported earnings of CZK 162.8 million in 2019, a turnaround from its CZK 3.2 billion loss in 2018. The company, which provides services for subsidiaries of the Vítkovice Group (formerly Vítkovice Machinery Group), generated revenues of CZK 164.7 million last year. “The financial results reflected the accounting operations when the company was able […]
The European Union’s economy fell by a record 11.7 percent in the second quarter, mainly due to coronavirus restrictions. Year-on-year, gross domestic product (GDP) fell by 14.1 percent. According to a report by the European statistical office Eurostat. The decline is milder than the quick estimate from the end of July. Eurostat estimated a decrease […]
According to preliminary data from Slovakia’s Statistical Office, the country’s GDP fell by 8.3 percent in the second quarter compared to the previous three months, and by 12.1 percent year-on-year. The second-quarter economy was mainly helped by the recovery in the country’s dominant industry, as well as the improvement in the situation of small businesses. […]
Škoda Auto tops the Czech Top 100 associations list of the top 100 companies in 2019 with revenues of CZK 459.1 billion. Daniel Kretinsky’s Energetický, a průmyslový holding (EPH), is second with revenues of CZK 230 billion. And CEZ rounds out the top three with reported revenues of CZK 206.2 billion. The Taiwanese company Foxconn […]
According to figures published by the Czech Statistical Office today, consumer prices in the Czech Republic accelerated slightly to 3.4 percent in July from 3.3 percent in June. In particular, alcoholic beverages and tobacco became more expensive. Compared to June, prices increased by 0.4 percent. According to analysts, inflation surprises with higher growth, and its […]
Avast’s net profit grew by 14.5 percent to $169.8 million in the first half of 2020. The company proposes a provisional dividend payable in October 2020 of 4.8 cents per share, a year-on-year increase of 9.1 percent. The antivirus software makers operating profit (EBITDA) increased by 2.1 percent to $241.4 million, while revenues rose 1.5 […]
ČEZ’s net profit grew by nine percent year-on-year to CZK 14.7 billion in the first half of the year. Operating profit before depreciation (EBITDA) increased by 11 percent to CZK 38.7 billion, CEZ’s operating revenues increased by six percent to CZK 106.3 billion, the company announced today. The company reported that the coronavirus pandemic had […]
CEZ Energy Group has sold the Krasin and Sakówko wind power plants in Poland to KGAL. The company expects to sell the remaining four Polish wind projects by the end of the year. ČEZ would like to start selling the central part of Polish assets: the Skawina and Chorzów coal-fired power plants and other assets […]