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Clothing brand Blažek applied for insolvency 30.12.2020 Clothing brand Blažek applied for insolvency Mainly due to Coronavirus pandemic the famous Czech suit manufacturer Blažek was forced to apply for insolvention.
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Shops slowly gaining their profits back, albeit still in loss 22.12.2020 Shops slowly gaining their profits back, albeit still in loss The first Christmas shopping rush had people spend even more money than last year, the upcoming lockdown however let the majority of Czech businesses still struggle to catch up with making any valuable profit.
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Demand for EVs in Czech Republic still at rock bottom 18.12.2020 Demand for EVs in Czech Republic still at rock bottom Electromobility in the Czech Republic is still far behind the rest of Europe. With only 808 charging stations in service, which account for only 0,4 per cent of their total in the EU, Czechia lands at the very end of the Europe's total count.
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Investors buying discount stores, stores with cheaper goods keep on surviving 18.12.2020 Investors buying discount stores, stores with cheaper goods keep on surviving ZDRInvestments acquired six retail parks in the Czech Republic, Slovakia and Austria in Q4 of 2020. The total sum was about 1 billion CZK.
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Škoda Transportation invests CZK 1bn in Škoda Vagonka 16.12.2020 Škoda Transportation invests CZK 1bn in Škoda Vagonka In 2021, Škoda Transportation will invest 1 bil. CZK in the expansion of Škoda Vagonka. New paint shop for 300 mil. CZK will be built, as well as a 100 mil. CZK machining center and other machinery for 70 mil. CZK.
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ŠKODA AUTO opens new EUR 24.9m building 16.12.2020 ŠKODA AUTO opens new EUR 24.9m building ŠKODA AUTO has opened a new building in the Česany complex for the building f test samples and the presentation of processes and technologies. Investments amounted to EUR 24.9m.
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MUNI and Artios to get USD 30m for development of cancer drugs 09.12.2020 MUNI and Artios to get USD 30m for development of cancer drugs The Masaryk University in Brno (MUNI) and Artios Pharma will get a preliminary investment of USD 30m from Merck for the development of new ways of treatment of cancer.
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Prague Airport to invest 250 mil. CZK for renovation of Terminal 3 08.12.2020 Prague Airport to invest 250 mil. CZK for renovation of Terminal 3 The investment will take place in 2021, and the renovation will be carried out even in spite of the Covid-19 pandemic.
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DPP to invest CZK 25bn in autonomous metro units 30.11.2020 DPP to invest CZK 25bn in autonomous metro units Dopravní podnik hl. m. Prahy (DPP, Prague Public Transit Company) plans to purchase at least 69 driverless units for the automated C and D lines of the Prague underground system. The investment amounts to almost CZK 25bn.
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Car production in the Czech Republic grows by 2.8% to 128,754 in October 23.11.2020 Car production in the Czech Republic grows by 2.8% to 128,754 in October The number of motor vehicles produced in the Czech Republic decreased by 21.4 % to 941,486 units in a period from January to October 2020, from which 937,033 of them were passenger cars.
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