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Saturday | July 11 | 2020

Money Buzz! Prague

Unemployment rate in Czechia reached 2.5% in May 2020

The unemployment rate of the aged 15–64 years reached 2.5% in May 2020 and increased by 0.4 p.p., year-on-year, Czech Statistical Office shows.

LATEST

OneStream Software and Simplebeez announced a strategic partnership to transform Corporate Performance Management (CPM) processes for sophisticated organizations around the globe.
Hostín Development has already sold over 50 percent of the homes from the currently built development project Housing Úvaly.
Smartwings Group announced to the Labour Office of the Czech Republic its intention of collective redundancies. Depending on...
New infotainment systems are being introduced into Skoda’s flagship Superb as well as its Karoq and Kodiaq SUVs for the start of...
Ipsos Research results suggest that a decrease in shopping centre traffic can be expected in Czechia. Before the pandemic,...

BALANCE SHEET

EPH sales reached EUR 8.6 billion last year (compared to EUR 7 billion in 2018) and adjusted EBITDA totalled EUR 2.1 billion...
In April, Bonami exceeded the initial forecast, achieving sales of 6 million euros in all markets where the company is present, of...

THE NUMBER

600
jobs, to be cut by Czech airline carrier Smartwings

InoBat Auto to be the first European supplier of customised batteries

InoBat Auto has secured additional EUR 10m investment to fund the development of a firstof-its kind 100 MWh R&D centre and production...

Smartwings Group resumes operations to 25 more destinations

Airlines of the Smartwings Group, Smartwings and Czech Airlines, are resuming flights to 25 additional destinations in July.

Barclays to hire two hundred new employees in the Czech Republic

Barclays plans to employ approximately two hundred people, particularly specialists in the areas of software development, project management and risk and...

Woola from Estonia wins the EIT InnoEnergy 2020

The jury of the sixth edition of the PowerUp! Challenge announced the winner of the CEE region’s most prominent contest for innovative...

Sharry appointed as technology partner for One Vanderbilt in NYC

SL Green Realty Corp has appointed Sharry to be a technology partner for the One Vanderbilt project scheduled to be opened in...

Škoda Auto at three million EA211 engines manufactured

Škoda Auto has manufactured its three millionth EA211 engine at its main plant in Mladá Boleslav. The first EA211 rolled off the...
Sharry, a Czech company, has developed a special solution for touch-free elevator control. This innovation contributes to countering the spread of COVID-19...
Škoda Auto won the first prize in Randstad Employer Brand Research 2020, based on an independent survey of 4.724 respondents. It is...
EPH sales reached EUR 8.6 billion last year (compared to EUR 7 billion in 2018) and adjusted EBITDA totalled EUR 2.1 billion...
Bonami opened its first physical store in the shopping area of ​​Černý Most, in Prague. The space will change its assortment depending...
Politecnico di Milano, ranking 137, with 37.226 students registered is the first university in CEE, followed by University of Vienna, 45.623 students,...

AERO Vodochody changes owner after thirteen years

The group of companies into which AERO Vodochody belongs, has been bought from the Penta Group by AERO Investment Partners Zrt, a...
In April 2020, the construction output in Czechia decreased by 4.6%, year-on-year (y-o-y), in real terms, latest CZSO data show. The seasonally...
The Slovak development company O.M.C. Invest started the construction of 29 family houses in the village of Smilovice in the Czech Republic.
The increase in non-cash transactions in Czechia even after the coronavirus lockdown is visible in virtually all fields, latest O2 eKasa data...
Impact Hub Prague, in cooperation with several partners, launches the first program in the Czech Republic focused on sustainable food production.
In the Q1 2020, the average gross monthly nominal wage per full-time equivalent employee in the national economy increased by 5.0% compared...

First phase of the Beroun Gate project is completed

The first phase of the transformation of the five-hectare area of the former military outlet near the center of Beroun into a...
The general unemployment rate of the aged 15–64 years, seasonally adjusted, reached 2.3% in April 2020 and increased by 0.2%, year-on-year, latest Czech Statistical Office...
Over the last few weeks, in the context of easing of restrictions imposed by the coronavirus pandemic, a large proportion of retailers...
Nearly 80% of Czech start-ups plan to expand abroad, the most recent Startup Report from the Keiretsu Forum and CzechInvest’s experience show.
Toyota Peugeot Citroën Automobile (TPCA) factory in Kolin, Czech Republic, has resumed production of the Toyota Aygo, Peugeot 108 and Citröen C1.
Hyundai will start production of the new Hyundai i30 model on Monday, May 25, in Nošovice factory, CTK shows.

THE BUZZ

Sharry launches touch-free elevator system for COVID-safe buildings

Sharry, a Czech company, has developed a special solution for touch-free elevator control. This innovation contributes to countering the spread of COVID-19...

New infotainment systems are being introduced into Skoda’s flagship cars

New infotainment systems are being introduced into Skoda’s flagship Superb as well as its Karoq and Kodiaq SUVs for the start of...

Construction output in Czechia decreased by 4.6% in April 2020

In April 2020, the construction output in Czechia decreased by 4.6%, year-on-year (y-o-y), in real terms, latest CZSO data show. The seasonally...

MOST READ
TOP 5

Slovenian paper mill Vipap Videm Krško appointed Vesna Kemper HR Director. Among other, she will be in charge of the personnel part...
The jury of the sixth edition of the PowerUp! Challenge announced the winner of the CEE region’s most prominent contest for innovative...
Residents and visitors to the city of Pardubice have the opportunity to use the mobile application ParkDots when parking.
Sharry, a Czech company, has developed a special solution for touch-free elevator control. This innovation contributes to countering the spread of COVID-19...
The unemployment rate of the aged 15–64 years reached 2.5% in May 2020 and increased by 0.4 p.p., year-on-year, Czech Statistical Office shows.