Articles for category: Business

PPF Offloads Telenor Montenegro to 4iG

PPF Telecom Group has sold 100 percent of shares in Telenor Montenegro to Hungarian 4iG. Completion of the sale is subject to approval by the regulator in Montenegro and its settlement is expected by the end of this year. PPF stated this in a press release. Both parties have agreed not to disclose the price. “Our business strategy ...

Penny Launches Grocery Delivery In Pilsen

The Penny chain has launched its own e-shop called PennyDomů . Delivers purchases to customers through DoDo. It also ensures the preparation of orders. So far, it is offering the service in Pilsen, and if the pilot operation is successful, it plans to expand its online purchases to other locations. Penny Market said in a press release today. The COOP network has ...

Moneta Named Best Bank In Czech Republic

Moneta Money Bank won the title of the Best Bank in 2021, Komerční pojišťovna became the best life insurance company and Generali Česká pojišťovna was again the best non-life insurance company. The results of the 13th year of the competition were announced today by Hospodářské noviny, the research and evaluation was carried out by the Datank ...

Vasky Revenues Surge To 300 Million Crowns

The company Vasky trade could produce around 300,000 pairs of shoes next year. This is twice the expected production this year, last year the company produced 45,000 pairs of shoes. While in 2020 the company’s turnover reached 120 million crowns, including VAT, this year it will be around 300 million crowns, and next year it could exceed ...

Czech Consumer Confidence Slides For 4th Consecutive Month

Confidence in the Czech economy fell by 0.9 points to 95.3 points in October, declining for the fourth month in a row. Entrepreneurs and consumers alike are more pessimistic. The confidence of companies in the economy is affected by the unfavorable situation in the automotive industry and the lack of materials, especially by consumers about fears of ...

ShipMonk Acquires El Mar Mexico

Jan Bednář’s logistics company ShipMonk has acquired the Mexican company El Mar Mexico and expands outside the United States for the first time. The value of the transaction was not stated by the company. Bednář has previously said that even thanks to recent acquisitions, the value of his company will most likely exceed or has already exceeded ...

VZP Expects To Lose 5.9 Billion Crowns In 2022

Všeobecná zdravotní pojišťovna (VZP) is going to manage a deficit of 5.9 billion crowns next year. A budget of 9.7 billion is planned in the budget approved for this year, and last year VZP ran a deficit of 5.1 billion crowns. The insurance company should be in the red next year, despite the higher planned collection of ...

Petr Dubinsky

Sales Of Electric Cars Soar In Europe

Almost one in five cars sold in the European Union in the third quarter was an electric car. This is either a battery-powered car or a so-called plug-in hybrid. The share of cars with internal combustion engines continued to decline. This was stated in its report by the European Automobile Manufacturers Association (ACEA). In the Czech Republic, there is more interest in plug-in ...