Four Co-Founders Set to Receive Between $2 Billion and $3 Billion Each The transaction represents an all-cash agreement valued at approximately $32 billion. Once regulatory authorities complete their approval process, each of the four co-founders stands to receive between $2 billion and $3 billion from the sale. The four co-founders are Assaf Rappaport, who serves … Read more
Business technology systems face unprecedented pressure in 2026 as cyber threats grow more sophisticated and attackers exploit artificial intelligence to scale their operations. Global cybercrime losses are projected to reach $11.9 trillion annually, whilst organisations struggle to protect expanding digital infrastructures that span cloud platforms, remote workforces, and interconnected supply chains. The threats confronting businesses … Read more
BTA will present dozens of Bulgarian wineries in the New BG WINE Leads the Way series ahead of the 9th UN Global Conference on Wine Tourism, which will be hosted in Plovdiv. The forum is organized by the Ministry of Tourism in partnership with the UN World Tourism Organization. Wine is part of the culture … Read more
Today, the Czech currency reached its strongest level against the euro in more than two years. As of 17:00, it had strengthened by four cents against the euro against the previous conclusion to 24,25 Kč/EUR. She was last on a lower course on September 5, 2023. The koruna also improved against the dollar today, by … Read more
The Office for the Protection of Competition (ÚOHS) has begun to assess the takeover of the Diplomat Hotel in Dejvice, Prague, by PPF Real Estate. The Antitrust Authority announced this on its website. The seller is the Thai company Rabbit Holdings. The investment group PPF, owned by Renáta Kellnerová with her daughters, will pay 73 … Read more
The Czech Railways Group (ČD) reported a pre-tax profit of 444 million crowns in the first half of this year, last year it was 694 million for the same period. Passenger transport achieved a year-on-year revenue growth of 1.7 billion crowns and its pre-tax profit is 1.1 billion crowns, which is almost 800 million crowns … Read more
Energy and Industrial Holding (EPH) of entrepreneur Daniel Křetínský recorded a net profit of 2.2 billion euros in the first half of this year. It improved from last year’s 602 million euros (over 14.63 billion CZK). A new acquisition of Slovenská elektrárne has already been reflected in this year’s economic results. EPH spokesman Daniel Častvaj … Read more
US software company Microsoft has avoided a fine from the European Commission for abusing its dominant market position in connection with the Teams app. She has agreed with the commission on commitments she has promised to fulfill. The EU executive did not like the fact that the company is tying its tool for chatting and … Read more
A billion-dollar cryptocurrency donation that has rocked the Czech government took a dramatic turn Thursday night when police arrested the bitcoin donor after he allegedly tried to escape by fleeing to a rooftop. The Background The controversy centers on a massive bitcoin donation worth billions of Czech crowns that was accepted by the Czech Ministry … Read more
Kristian Moller
William Malcolm
