(IN BRIEF) Škoda Auto celebrates 125 years of engine production at its Mladá Boleslav facility, highlighting a legacy of innovation with over 15 million engines produced since 1899. The milestone includes the five-millionth EA 211 series engine, which reflects Škoda’s … Read the full press release
Posted in Automotive, Business, Czech Republic, Financial, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged 125 Years, Andreas Dick, Engine Production, leadership, ŠKODA AUTO
(IN BRIEF) Logicor has launched Logicor Příšovice, its first logistics park outside Prague, converting a former brownfield site into a 20,500 sqm state-of-the-art logistics hub. Strategically located along the D10 highway with railway access, the park supports production, storage, and … Read the full press release
(IN BRIEF) FedEx has launched a state-of-the-art logistics facility in Plzeň, Czech Republic, as part of its strategy to expand operations in Central and Eastern Europe. The 2,600-square-meter facility, nearly double the size of its predecessor, features advanced technologies such … Read the full press release
Posted in Business, Czech Republic, Industrial, Investment, Transportation & Logistics
Tagged advanced infrastructure, CEE, Central and Eastern Europe, Czech Republic, DIM capabilities, economic growth, European Road Network, EV charging stations, FedEx, Hanover, Logistics Facility, logistics hub, Mariusz Mik, motorized belt sorter, Nuremberg, parcel handling, photovoltaic panels, Plzeň, Prague Airport, regional expansion, supply chain, sustainability, transportation, Vienna
(IN BRIEF) Škoda Auto has reached a major milestone by producing its one-millionth high-voltage battery system at its Mladá Boleslav plant. Since starting production in 2019 with batteries for the plug-in hybrid Superb iV, the company now focuses exclusively on … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) is lending €400 million to Czech energy provider ČEZ to modernize and expand the country’s electricity distribution grid, enabling the integration of up to 5.5 gigawatts of renewable energy. The project, aligned with … Read the full press release
Posted in Banks, Business, Czech Republic, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged ČEZ, Czech Republic, EIB, energy infrastructure, green transition, Kyriacos Kakouris, Martin Novák, partnership, sustainability
(IN BRIEF) The European Investment Bank (EIB) has provided €400 million in loans to Komerční banka and SG Equipment Finance Czech Republic (SGEF) to support small and medium-sized enterprises (SMEs) and Mid-Cap companies in the Czech Republic and Slovakia. The … Read the full press release
Posted in Banks, Business, Czech Republic, Economy, Environment, Financial, Industrial, Investment, Luxembourg, Management, News, Slovakia, Small Business, Technology
Tagged Czech Republic, David Formánek, economic growth, EIB, INNOVATION, Komerční banka, Kyriacos Kakouris, partnership, Petr Němec, Slovakia, SMEs, Sóciété Générale Equipment Finance Czech Republic, sustainability
(IN BRIEF) Mercedes-Benz Vans Central and Eastern Europe (CEE) has partnered with E.ON to launch a comprehensive B2B Charging Infrastructure initiative across Romania, Czech Republic, Slovakia, and Hungary. The collaboration aims to support businesses transitioning to electric mobility by providing … Read the full press release
Posted in Automotive, Business, Czech Republic, Environment, Financial, Germany, Government, Hungary, Industrial, Infrastructure & Utilities, Investment, Management, News, Romania, Slovakia, Technology, Transportation & Logistics
Tagged Alexandru Rugina, Andrea Kramer, Central and Eastern Europe (CEE), Czech Republic, Davide Villa, E.ON, EV charging infrastructure, Hungary, Mercedes-Benz Vans, partnership, Romania, Slovakia, Stephan Kunze, sustainability
(IN BRIEF) Erste Group’s Private Banking division has been awarded the title of “Best Private Bank in Central and Eastern Europe” by both PWM/The Banker and Global Finance, marking a significant achievement in the CEE region. Erste received a total … Read the full press release
Posted in Austria, Awards, Banks, Business, Croatia, Czech Republic, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Romania, Slovakia, Technology
Tagged Austria, Awards, CROATIA, Czechia, Erste Group, leadership, Maximilian Clary und Aldringen, partnership, Private Bank, Romania, Slovakia
(IN BRIEF) The European Investment Bank (EIB) has provided a CZK 7.61 billion (€300 million) loan to České dráhy, the Czech Republic’s national railway operator, to modernize and expand its rail fleet. The funding will enable České dráhy to purchase … Read the full press release
Posted in Banks, Business, Czech Republic, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Security & Safety, Technology, Transportation & Logistics
Tagged České dráhy, Czech Republic, EIB, Kyriacos Kakouris, Lukáš Svoboda, modernization, partnership, rail transportation, safety, sustainability
(IN BRIEF) The LEGO factory in Kladno, Czech Republic, has completed an expansion of its rooftop solar park, more than doubling its renewable energy capacity from 1 MWp to 2.5 MWp. This expansion is expected to reduce the factory’s carbon … Read the full press release
Posted in Business, Commodities, Czech Republic, Denmark, Energy, Gas & Oil, Entertainment, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged carbon emissions, Kladno Factory, LEGO, Michaela T. Horáková, partnership, Solar Energy Capacity, sustainability
(IN BRIEF) The Central Securities Depository in Prague, part of the Vienna-Prague Stock Exchange Group, has become the first institution globally authorized under the EU’s DLT pilot regime to operate a distributed ledger technology (DLT) market infrastructure. Starting in November … Read the full press release
Posted in Austria, Banks, Business, Czech Republic, Economy, Financial, Government, Industrial, Infrastructure & Utilities, International Trade, Investment, Management, News, Technology
Tagged Christoph Boschan, distributed ledger technology (DLT), Financial, investment, partnership, Petr Koblic, Securities Settlement Platform, Vienna-Prague Stock Exchange Group, Wiener Börse
(IN BRIEF) ESET Research has revealed that the Telekopye scam network has shifted its focus to targeting users of Booking.com and Airbnb through compromised hotel accounts. By sending fake payment issue emails and directing users to fraudulent booking sites that … Read the full press release
Posted in Business, Czech Republic, Financial, Government, Industrial, Internet & Online, Investment, Management, News, Security & Safety, Slovakia, Technology
Tagged Airbnb, Booking.com, ESET, Hotel Accounts, Radek Jizba, SECURITY, Telekopye Scam Network
(IN BRIEF) The ORLEN Group has launched sales of its HVO100 biofuel at two service stations in Germany, with plans to expand further. HVO100, made from vegetable oils and waste products such as used cooking oil, can reduce greenhouse gas … Read the full press release
Posted in Business, Czech Republic, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Poland
Tagged biofuel, Czech Republic, fuel, Germany, HVO100, ORLEN, partnership, sustainability
(IN BRIEF) Skanska has signed a contract worth CZK 1.1 billion (approximately SEK 510M) with Central Group to develop the next phase of the Tesla Hloubětín residential project in Prague, Czechia. The project will include four residential buildings with six … Read the full press release
Posted in Business, Construction, Czech Republic, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged partnership, Prague, Residential Complex, Skanska, sustainability
(IN BRIEF) The European Investment Fund (EIF) has received its first contributions to the Three Seas Initiative (3SI) Innovation Fund from Poland’s BGK and the Czech Republic’s NRI, with each institution committing €20 million. This fund aims to raise €180 … Read the full press release
Posted in Banks, Business, Czech Republic, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Poland, Technology
Tagged Bank Gospodarstwa Krajowego (BGK), Czech Republic, EIF, Innovation Fund, Martin Potůček, Mirosław Czekaj, National Development Investment (Národní rozvojová investiční / NRI), partnership, Poland, Roger Havenith, sustainability
(IN BRIEF) Colas CZ and Colas Rail have secured a €77 million contract to modernize an 8-kilometer railway line in Northern Bohemia, Czech Republic. The project, which will begin in September 2024 and finish in 2027, involves upgrading tracks, signaling … Read the full press release
(IN BRIEF) Logicor has announced the first major tenant for its new development in Příšovice: Plzeňský Prazdroj, the Czech Republic’s largest beer producer. The company has leased 7,500 square meters at the facility, which will serve as its regional distribution … Read the full press release
Posted in Business, Czech Republic, Environment, Financial, Food & Beverage, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics, United Kingdom
Tagged Alžběta Pastrnková, Czech Republic, Logicor, partnership, Plzeňský Prazdroj, Příšovice Logistics Hub, sustainability, tenant
(IN BRIEF) Škoda Auto is celebrating major anniversaries for its Kvasiny and Vrchlabí plants, marking 90 and 160 years of operation, respectively. The Vrchlabí plant, originally a carriage manufacturer, has evolved into a cutting-edge facility producing automatic transmissions, achieving carbon … Read the full press release
(IN BRIEF) Arriva Group is advancing its commitment to decarbonizing public transport in the Czech Republic by introducing 16 new electric buses in the city of Kladno, marking the country’s largest single purchase of such vehicles. These buses will operate … Read the full press release
(IN BRIEF) Vodafone Foundation’s NG-SOS app has reached a milestone of over 4 million downloads and has facilitated 200,000 emergency calls across Europe. The app, available in the Czech Republic, Hungary, Slovakia, and Austria, connects users directly to emergency services, … Read the full press release
Posted in Artificial Intelligence (AI), Austria, Business, Czech Republic, Environment, Financial, Germany, Government, Healthcare, Hungary, Investment, Management, News, Science, Slovakia, Technology, Telecom
Tagged Austria, Czech Republic, emergency response, Europe, Hungary, NG-SOS App, partnership, Slovakia, sustainability, vodafone
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