EMMA Capital Group acquires a majority stake in Get’s Bet and Club King

Czech investment fund EMMA Capital Group successfully completed negotiations to acquire a 67% stake in Get’s Bet and Club...

Czechs to spend a maximum 30% of their income on housing costs

Czech government will use a state aid scheme to ensure that the population will not spend more than 30%...

Over 1.9 million foreign tourists visited Czechia in the second quarter of 2022

In Q2 2022 over 1.9 million foreign tourists visited the Czech Republic, acording to Czech Statistical Office data.The highest number...

Liberty to invest CZK 8.6 billion (EUR 350 million) in Ostrava

Liberty signed a contract with Danieli for the delivery of two state-of-the-art hybrid electric arc furnaces at the centre...

Prague is the best city for a takeaway lunch in Europe

Prague is the best city for a takeaway lunch in Europe and the second-best in the world, according to Just Eat....

Czech Rohlik Group raises EUR 220 million in Series D funding

Czech e-grocer Rohlik Group has raised EUR 220 million in a Series D funding round led by new investor...

Czech platform Carvago is entering the Romanian market

Czech company Carvago is an online platform for selling used cars and recently announced that it is entering the...

Czech Kozel beer brand launches in Romania

Kozel is available in both 330 ml bottles and 500 ml cans. The portfolio includes Kozel Dark, a beer...

The tallest building in Czechia is going to be built in an unexpected place

With the 56-story X-shaped skyscraper twisted around its own axis, the architects aim to regenerate the former mining town...

J&T Ventures is investing several million euros in Czech company Sharry

This year, Sharry plans to significantly strengthen its position in the US, expand into other markets and its team.Dozens...

Czech retailer Bonami grew on all its markets by 25% in 2021

Czech retailer Bonami grew on all its markets by 25%, but the number of products in stock did not...

Czech retailer Notino set, in 2021, a new record in annual turnover

Czech retailer Notino set, in 2021, a new record of 737 million euros in annual turnover, an increase of...

Skoda sales down by more than 12% in 2021, at 878.200 units sold

Skoda announced on Tuesday that global sales fell 12.6% in 2021 to 878,200 cars delivered last year.According to Reuters,...

Unemployment rate in Czechia at 3.4% in May 2021

The general unemployment rate of the aged 15–64 years in Czechia reached 3.4% in May 2021 and increased by 0.8%, year-on-year.The male...

Bonami has a new sales target for 2021, EUR 96 million

Bonami had set a target of EUR 77 million in sales for 2021, but after an increase in sales,...

Czech PropTech in 2020: acquisitions, investments and skyscrapers in NYC

Despite the difficulties caused by COVID-19, 2020 was a turning point, in a positive sense, for most Czech PropTech...

Skoda wants to cut 2% of administrative jobs in Czechia this year

Skoda wants to cut 2% of administrative jobs in Czechia this year, not through redundancies, but by not replacing...

EBRD becomes shareholder in Czech online food retailer Velka Pecka

The European Bank for Reconstruction and Development (EBRD) is becoming a shareholder in the Czech online retailer Velka Pecka.Velka...

Czech government to impose mandatory Covid-19 antigen tests for employees

Czech government has ordered that all staff of all medium and large companies in the country to be tested...

New state of emergency in The Czech Republic

The Czech government has called a new state of emergency. This time for another 30 days, until March 28.The...

Notino, a 42% increase in turnover in 2020, to 563 million euros

Notino reached an annual turnover of 563 million euros in 2020, an increase of almost 194 million euros compared...

Czech coffee chain CrossCafe closed all locations in Prague

Czech coffee chain CrossCafe announced that it closed all five locations in Prague, as a result of the Government...

P3 Logistic Parks increases total portfolio by 48%. German portfolio tripled

In 2020, P3 concluded 600,000 m2 of new developments for new and returning clients such as Amazon, Mercedes-Benz, TEDi,...

Skanska to invest EUR 76M in a new office building in Prague

Skanska invests EUR 76M in the first phase of Port7, a mixed-use project located in Prague. The construction contract...

Bonami, increase in sales of 19 million euros compared to 2019

Bonami recorded, despite the pandemic, an increase in sales of 19 million euros compared to 2019. The company plans,...

Skoda to recall more than 14,000 of its Kodiaq and Karoq SUVs for service

Skoda will recall some of its Kodiaq and Karoq SUVs for service due to a possible brake pedal failure....

More than 750,000 Skoda vehicles rolled off the production lines in Czechia last year

Despite a 39-day production shutdown, 753,013 vehicles rolled off the production lines at the Mladá Boleslav and Kvasiny sites...

Smartwings carried only 1.8 million passengers last year, an 81.5% drop

Smartwings recorded a steep decline in the number of passengers last year due to the unprecedented situation in the...

Shops in the Czech Republic will be forced to sell mainly local food

Czech MPs passed an amendment on Wednesday forcing shops with an area of ​​at least 400 square meters to...

Eurohold to acquire the subsidiaries of CEZ Group in Bulgaria

The Bulgarian Energy and Water Regulatory Commission (EWRC) granted approval to Eurohold Bulgaria for the acquisition of the Czech...

Mixit, the ‎custom muesli manufacturer,‎ expanded to Romania

Mixit, the Czech company that produces personalized breakfast muesli and lyophilised fruit, expanded to Romania just before Christmas.This is...

A Czech city is relying on its own currency to boost the local economy

The city of Kyjov in the southeast part of Czechia will launch its own currency, called ”corrent”, in a...

80% sales growth for Bonami on Black Friday

Bonami has seen an increase of 80% in sales, in Romania and of 100% on the other markets where...

Average wage in Czechia increased by 1.7%, in real terms, in Q3 2020

In Q3 2020, the average gross monthly nominal wage per full-time equivalent (FTE) employee in Czechia increased by 5.1%...

Czechia: Unemployment rate at 2.9% in October 2020

Unemployment rate of the aged 15–64 years in Czechia reached 2.9% in October 2020 and increased by 0.9 p.p., year-on-year.The male...

Czechia could stop using coal for electricity production in 2038

A special unit set up by the Czech government recommended that the country to stop using coal in 2038,...

Czech Parliament approved the largest income tax cut in decades

Czechia will cut the income tax next year, a measure that according to the Prague government would help the...

Czechs living in the country’s largest cities have the highest purchasing power

Czechia has a per capita purchasing power of €9,179, which puts it almost 34 percent below the European average...

Manufacture of Czech automobile Skoda Superb will move to Slovakia

By relocating the manufacture of the next-generation Superb from the Czech plant in Kvasiny to Bratislava in Slovakia, Skoda...

CEZ net income reached CZK 13.6 billion for the first three quarters

CEZ Group’s net income reached CZK 13.6 billion for the first three quarters of 2020, the same as last...

Bonami expects sales of 2.5 million euros for Black Friday

Bonami expects sales of 2.5 million euros, of which 20%, 500,000 euros, on the Romanian market for Black Friday.During...

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