The Czech Media Invest (CMI) group, co-owned by Czech entrepreneur Daniel Křetínský, has acquired a stake of about 4.07 percent in German television and radio company ProSiebenSat.1 Media. CMI said this was the first step in a new strategy of buying minority shares in European media companies. “This investment for CMI also brings a […]
Avast has become the victim of a cyberespionage campaign that saw hackers gain deep access to its network. But the Czech company, which has more than 400 million customers for its various antivirus and cybersecurity products, claims the damage is limited. In an announcement Monday morning, Avast said its internal network had been breached […]
The ranking of the fastest growing technology companies in Central Europe is clear: Czech companies are dominating. The fifty-member selection by Deloitte CE Technology Fast 50 included nineteen Czech companies, which is by far the most of any countries. Prusa Research came in second, with Blindspot on its heels. Lithuanian Voltas IT took the […]
Petr Kellner’s PPF Group is finalizing negotiations with AT&T to buy a majority stake in Central European Media Enterprises (CME), according to Hospodarske Noviny and Aktualne. The outcome of the talks could come within days. Mr. Kellner is said to be handling the negotiations personally. AT&T owns 64% of CME’s common stock but […]
CITIC Dicastal, a manufacturer of aluminum automotive components, plans to build a new plant worth CZK 8 billion with Žďas. The project will create 500 jobs, said Jiří Ovčáček, President Milos Zeman’s spokesperson said. Zeman noted the planned construction in a letter to Chinese President Xi Jinping. CITIC Dicastal is a subsidiary of the […]
Volkswagen is postponing its decision to build a factory in Turkey. Due to international criticism of Ankara’s military operations in Syria, as well as concerns about a possible impact on the company’s reputation. The factory will also manufacture Skoda automobiles. “We are closely monitoring the situation and are concerned about current developments,” a VW […]
Petr Kellner’s PPF Group and Sotio invest $6.5 million in private biotechnology company MaveriX Oncology, which develops new cancer treatments. PPF has acquired a significant stake in the company. With planned milestones in development, MaveriX can secure up to $138 million from PPF and Sotia. PPF, as the primary investor, is funding $6.5 million […]
Doosan Bobcat announced the opening of its new European headquarters in Dobříš. Bobcat has been operating in Dobříš since 2007, this year alone investments in Dobříš area will reach half a billion crowns. Last year’s Doosan Bobcat EMEA revenues amounted to approximately CZK 19.6 billion, while the Dobříš factory produced a record 17,206 machines. […]
Czech Consumer Price Index for September 2019 The Czech consumer price index (CPI) slowed in September, according to data released by the Czech Statistical Office (CSO). Czech CPI Year-over-year The consumer price index grew 2.7% year-over-year in September. The rate is within the Czech National Bank’s target range. Increases in the cost […]