PragueConnect.cz - Economy

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UPC CR to raise investments to CZK 3.5bn in 2016

UPC Czech Republic expects raising its investments by CZK 2.5bn in next three years, CIANEWS was told by Media Relations Manager David Frodl. According to his words, the company used to regularly invest about CZK 1bn a year. It intends to build new networks for 70,000 households in 2016. This ... more >>
 

Vodafone covers 97% of CR’s population with LTE

Vodafone Czech Republic currently covers totally 97% of Czech Republic’s population, i.e. 85% of the country’s territory, with LTE signal at the frequency of 800, 900, 1,800 and 2,100 MHz. The spokesperson for Vodafone CR, Markéta Kuklová, has stated in a survey for CIANEWS that achieving 100% ... more >>
 

Fischer: Dm Drogerie Markt to create some 50 jobs

Dm Drogerie Markt runs 233 stores in the Czech Republic and it will continue expanding their number by three to five per year, especially in towns where it isn’t present yet. Thanks to the expansion and other organizational changes, it will create some 50 new jobs in 2016. In an interview for ... more >>
 

FinMin estimates financing requirement at CZK 342bn

The Ministry of Finance estimates that the financing requirement will total CZK 342bn in 2016. This stems from the information made public in the Czech Republic’s Financing Strategy and Government Debt Management for 2016. The FinMin plans to issued medium-term and long-term bonds on the ... more >>
 

CEZ bids for Vattenfall’s German assets

On December 21, 2015, CEZ submitted a non-binding bid for the acquisition of the German assets of Swedish Vattenfall group. The sale covers the Boxberg, Jänschwalde and Schwarze Pumpe brown coal plants, the R block in Lippendorf power plant, ten hydro power plants and five coalmines. As CIANEWS... more >>
 

Vitásková energy battle rages on

The government has approved a resolution affirming that the Energy Regulatory Office [ERÚ] is permitted to offer support for renewable energy. But the ERÚ has responded that the move is insufficient and that it will not offer such support. more >>
 

T-Mobile ČR to invest CZK 1.4-1.8bn into LTE

T-Mobile Czech Republic will invest totally CZK 1.4-1.8bn into the expansion of its LTE network in 2015. Similar investments are foreseen also for 2016. T-Mobile’s LTE network currently covers 80% of the population and the territory. T-Mobile’s senior external communication specialist Patricie ... more >>
 

APEK: Czechs spend over CZK 6bn in e-shops before Xmas

Online sales of goods in the Czech Republic will total at least CZK 6bn in the period from December 7 until December 20, 2015. Jan Vetyška, the executive director of the Association for Electronic Commerce (APEK), has stated that the value of purchases made in e-shops will exceed CZK 700m on ... more >>
 

Erste Leasing expects CZK 2.6bn loan volume

Erste Leasing expects that the total loan volume for 2015 will reach CZK 2.6bn, up 23.22% year-on-year. For a CIANEWS survey, this information was provided by marketing specialist David Gabriel who added that loans were the most popular product in 2015. Its popularity has been growing since ... more >>
 

AutoSAP: Motor vehicle production adds 4.61%

Between January and November 2015, motor vehicle production in the Czech Republic increased 4.61% on the year to 1,216,895 units. Passenger car production rose 4.51% to 1.21m vehicles. Bus production climbed 30.28% to 4,105 buses. The number of motorcycles produced increased 30.38% to 1,691. more >>
 

Orkla is buying Hamé for CZK 4.7bn

Norwegian group Orkla, which owns also Czech foodstuffs company Vitana, has entered into an agreement for the acquisition of Czech foodstuffs company Hamé. Hamé is being sold by Luxembourg-based private equity holding Decapterus for EUR 175m (CZK 4.7bn). The transaction is subject to approval ... more >>
 

HEINEKEN CR invested several hundreds of millions

The Ice Hockey World Championship will be an important event for HEINEKEN Czech Republic in 2016, as the Krušovice brand is the championship’s official sponsor. The company is also readying product innovations. PR manager Jana Pikardová has told CIANEWS that the company has invested several ... more >>
 

CNCB and CBCB: The volume of debt from loans 3Q reached CZK 120.7bn in 3Q

The volume of debt from loans (the volume of loans+interests) provided in 3Q 2015 reached CZK 120.7bn. This is according to an analysis of the Czech Non-Banking Credit Bureau (CNCB) and Czech Banking Credit Bureau (CBCB). Long-term debt represented CZK 78bn of this (+22 % year o year). more >>
 

MfD: Two billion spent on plastic surgery in ČR yearly

Some two billion Czech crowns are annually spent on plastic surgeries in the Czech Republic, the number of which has been slowly, but constantly rising, daily Mlada fronta Dnes (MfD) writes yesterday. more >>
 

CzechInvest: EPAM Systems opens first branch in CR

Product development and software engineering solutions provider EPAM Systems has opened its first office in the Czech Republic, CzechInvest has informed. EPAM Systems will employ 200 workers at the City Tower building in Prague-Pankrác in the first phase. According to EPAM Systems’ ... more >>
 

Liberec Region to invest over CZK 1bn in 2016

Liberec Region will invest over CZK 1bn in 2016. The approved budget foresees spending totalling CZK 2.610bn. Approximately CZK 83m will be invested into education and social affairs. Further CZK 87m has been allocated for road repairs. One of the top projects will be the building of the ... more >>
 

Lidl plans to invest CZK 9bn into retail network

Retail chain Lidl plans to invest CZK 9bn into developing its retail network and expanding its warehouse space in the next three years. The investments will create roughly 1,500 new jobs. On December 7 Lidl will open its first store with a new concept in Beroun. Its construction costs totaled ... more >>
 

Prague Council to discuss budget on Dec 17

At its extraordinary meeting on December 2, 2015, the Council of the City of Prague approved a balanced budget for 2016. The total volume of sources counts on CZK 60.39bn. A total of 17.64bn will be allocated to transport, CZK 10.58bn to education, youth and sports. CZK 1.66bn will go to social... more >>
 

IndustryMin to boost international capacities

The Ministry of Industry and Trade will boost in late 2015 and early 2016 the capacities of its foreign offices in China, Hong Kong and Africa. The ministry is also readying a new office in Teheran, Iran. Minister of Industry and Trade Jan Mládek (CSSD) has stated in an interview for CIANEWS ... more >>
 

Kofola underwrites shares

The initial public offering of shares in Kofola ÈeskoSlovensko is complete and it is possible to trade the shares on the Prague Stock Exchange beginning December 2. According to information provided by the company, Kofola’s shareholder Enterprise Investors sells 1,225,000 shares. Kofola itself ... more >>
 
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