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Habanos Festival
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Havana’s Habanos Festival is Around The Corner

The Year’s Biggest Event for the Best Tobacco in the World Havana is preparing to host the XIX Habanos Festival, to be held from 27th February to 3rd March, which will unveil the biggest new developments for 2017. New launches will be presented this year both regarding products for the regular portfolio as well as… Keep Reading

chanel
Posted on in Business

Chanel’s perfume production threatened by train line

Chanel warned on Friday about the planned train line through the flower fields near its perfume production area of Grasse will threaten the production of famous Chanel No. 5 scent. France’s SNFC rail network plans to build a new high-speed rail route to ease traffic congestion between Le Muy and Cannes, the two busiest areas… Keep Reading

cs-board
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Česká spořitelna changes its board

Tomáš Salomon takes over as chairman and two new members join board of directors Two new managers will be joining the top management of bank Česká spořitelna. Daniela Pešková, the current manager of the branch network and external sales will be taking over from Tomáš Salomon as member of the board of directors responsible for… Keep Reading

bohuslav-sobotka
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PM Sobotka visits Huawei development center

Chinese tech firm agrees on cooperation with Czech universities; other deals announced Shanghai, Nov 23 (ČTK special correspondent) — Czech Prime Minister Bohuslav Sobotka visited today a development center of Huawei Technologies and the Shanghai plant of Czech carmaker Škoda Auto. Representatives of Huawei Technologies and the Faculty of Mechanical Engineering at Czech Technical University… Keep Reading

skoda-deisel
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Some older Škoda cars may have rigged VW engines

Škoda Auto no longer using diesel engines enabling pollution cheating Prague, Sept 22 (ČTK) — Carmaker Škoda Auto is no longer using in Europe Volkswagen’s TDI engines that circumvented emission measuement , but it was using them in its older car models, the company’s spokesman Jozef Baláž told the Czech news Agency today. The Volkswagen… Keep Reading

euro
Posted on in Business

Sobotka, Zeman want more debate on euro

Prime minister says the earliest possible date for joining the single currency is around 2020 Prague, April 8 (ČTK)— Czech Prime Minister Bohuslav Sobotka (Social Democrats, ČSSD) and President Miloš Zeman agreed at their meeting at Prague Castle today that more debate on adopting the euro is needed, Sobotka said after the meeting Sobotka and… Keep Reading

avast building
Posted on in Business

Avast becomes most valuable IT company in the CR

Company attributes global user growth and financial performance to its investment in the Czech Republic PRAGUE, March 11, 2015 — Avast Software, maker of PC and mobile security, recorded yet another excellent year in 2014. Financially, Avast finished the year with revenue of $217 million, representing 51 percent year-on-year growth, and EBITDA of $154 million.… Keep Reading

tram-minsk-belarus-wiki
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For Czech firms, it is Destination Belarus

Trade between the two countries is rising very fast, along with the number of major investment and construction opportunities Prague, Oct. 21 (ČTK) — Czech projects currently under way in Belarus are worth billions of crowns, the business daily Hospodářské noviny (HN) reported today. New plans of the Industry and Trade and Foreign Affairs ministries… Keep Reading

china-coal-wiki
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Why China’s insatiable appetite for coal has likely peaked

There are more reasons than the economic downturn; China is ‘decoupling’ A recent report from Greenpeace found that China’s coal consumption declined in the first half of this year and new Chinese government data suggests that the country’s coal imports have dropped. Estimates indicate that by the end of the year, China’s coal imports could… Keep Reading

telefonica
Posted on in Business

O2’s revenues fall in Czech Republic

But in neighboring Slovakia, telecoms firm sees surge in clients for its subsidiary O2 Czech Republic, the largest Czech mobile operator, cut its H1 revenues 8.9 percent to 21.8 billion Kč, the company announced in a press release today. “In the highly competitive and declining market in the first half of 2014, the company reported… Keep Reading

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