PPF Group’s net profit rose by 16 percent to one billion euros in 2019. The Group’s total assets increased by eight percent to EUR 48.6 billion, PPF reports. “2019 was another successful year for the Group. All key assets in consumer finance, banking, telecommunications and real estate have again shown stable profitability. The main driver […]
Toyota Peugeot Citroën Automobile (TPCA) returned to full capacity this week, producing about 900 cars per day. Dozens of hygienic measures accompany the resumption of production. At the entrance to the plant, there are thermal cameras that monitor the temperature of employees. If the camera detects a possible elevated temperature in any of them, it […]
Petr Kellner’s expansion in China was meant to turbo-charge one of eastern Europe’s biggest fortunes. Instead, the Czech billionaire saw a listing of his consumer lender collapse, followed by a fight to contain the impact of the coronavirus pandemic. Bloomberg writes. In November, Kellner’s Home Credit canceled a planned initial public offering (IPO) in Hong […]
Meopta Optika plans to make two hundred more employees redundant due to a decline in orders. The company initially laid off two hundred staff in early May. The latest round of layoffs brings total job losses to four hundred or twenty percent of its two thousand employees. Meopta Optika is a manufacturer of optical, optomechanical […]
Agrofert’s consolidated profits nearly tripled year-on-year, to CZK 4.48 billion, compared to CZK 1.67 billion the previous year. Consolidated revenues grew by 4.54 billion to 162 billion crowns last year. The group’s performance improved thanks to growth in its chemical segment. The Agrofert Group is the largest company in the Czech agriculture and food industries. […]
The Czech anti-monopoly regulator approved the acquisition of Europrint by Daniel Kretinsky and Patrick Tkac’s Czech Print Center. “The Office for the Protection of Competition has concluded that the merger in question will not result in a significant distortion of competition and has authorized the transaction. The decision has already entered into force,” the Office […]
Toyota Peugeot Citroën Automobile (TPCA) resumed production today after a two-month shutdown. The company will return to full capacity on Friday, a TPCA spokesman said. TPCA will operate both shifts, and all employees will return to work. Dozens of new safety measures accompany the resumption of production. Today, all roughly 2,500 employees will return to […]
Petr Kellner’s PPF Group with the Turkish group Sabanci will acquire a 100% stake in Temsa Ulaşım Araçları, a Turkish bus manufacturer. The final closing of the transaction and the share transfer are subject to the consent of the relevant regulatory authorities and an arrangement with banks on future financing. Temsa Ulaşim Araçlari is Turkey’s […]
British budget airline easyJet will resume a limited flight schedule on June 15. Passengers will be required to wear face masks, and planes will undergo extensive cleaning. Initially, flights will be domestic within the UK and expand to France. Other destinations will be added later, the company said today. Johan Lundgren, CEO of easyJet, said […]