Netflix will reduce the speed and quality of its video streaming to help keep the Internet running smoothly in the EU at the request of the European Commission. The network is overloaded because it is being used more in Europe by citizens forced by their governments to not go to work and school and stay ...
The Ostrava Regional Court sent the engineering company Vítkovice Heavy Machinery (VHM) to bankruptcy. The proposal was submitted by the company itself, which wants to reorganize. Production stopped at the company last week after suppliers cut off power. “At the moment, we will resume production next week and will work on unfinished orders for which ...
Toyota Peugeot Citroën Automobile (TPCA) will discontinue production at its factory in Cologne today before midnight due to current coronavirus pandemic developments. Initially, the production lines were to be stopped on 25 March. “The health and safety of employees and stakeholders come first. For this reason, we announced yesterday’s planned line shutdown next week. We ...
German car manufacturer BMW will stop production at all its European plants for four weeks due to coronavirus. BMW has taken a similar step as the Volkswagen automobile group, which is closing its European plants, including the Czech ones, for two to three weeks. “Starting today, we are shutting down our European car factories and ...
CEZ’s net profit rose by CZK 4 billion to CZK 14.5 billion last year. The company was helped by increasing electricity prices and commodity trading. Revenues increased from 184.5 billion in 2018 to last year’s 206.2 billion crowns. CEZ Group’s operating profit before depreciation (EBITDA) increased by more than twenty percent to CZK 60.2 billion ...
Skoda Auto’s operating profit grew 21 percent to EUR 1.7 billion in 2019. The results were supported by higher sales volumes and pricing measures that offset higher costs and spending. Volkswagen increased its operating profit by 22 percent to EUR 16.9 billion (CZK 462.5 billion) last year. Revenues increased by 14.5 percent to EUR 19.8 ...
The German automobile group Volkswagen will close its European factories for two to three weeks. The last shift in most operations will be this Friday, the concern announced. The automaker also warned that this year will be challenging. At the end of the week, production will stop at Spanish plants, in the Portuguese city of ...
The Home Credit financial group, which provides consumer loans in many countries around the world, increased its pre-tax profit by 30 percent to EUR 613 million last year. The group grew the volume of loans issued by 10 percent and its net interest income by 14 percent. Home Credit provided one loan every second last ...
Czech Media Invest (CMI), doubled its stake in German television and radio company ProSiebenSat.1 to 10.01 percent from 5.51 percent. The German company welcomed CMI’s further investment saying it is indicative of the company’s good strategy. CMI announced its initial investment in ProSiebenSat.1 last October when it bought a stake of about 4.07 percent. Czech ...
