(IN BRIEF) The EIB is loaning €466 million to the Czech Republic to upgrade railway infrastructure as part of a larger European effort to improve rail services and meet climate goals. The funding will support key projects such as the … Read the full press release
Posted in Banks, Business, Czech Republic, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Security & Safety, Technology, Transportation & Logistics
Tagged climate goals, climate neutral by 2050, Czech Finance Minister Zbynek Stanjura, Czech Ministry of Finance, Czech Republic, Czech Transport Minister Martin Kupka, economic revitalization, EIB, energy efficiency, environmental sustainability, ERTMS, EU subsidies, European Commission, European Investment Bank, European Just Transition Mechanism, European Rail Traffic Management System, loan, partnership, passenger comfort, Public Sector Loan Facility, Rail Modernization, rail safety, rail services, rail upgrades, railway infrastructure, railway stations, reconstruction, regional cohesion, Road transport, Správa železnic, sustainability, TEN-T, Trans-European Transport Network, TRANSPORT
(IN BRIEF) The EIB has extended a €42.8 million loan to Ústí nad Labem for crucial infrastructure upgrades, including energy, transport, and social services. This is part of the EU’s larger goal of promoting sustainable urban development. The loan is … Read the full press release
Posted in Banks, Business, Czech Republic, Environment, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged clean energy, Climate Action, climate-neutral economy, Czechia, EIB, EIB loan, ELENA program, ENERGY, energy efficiency, EU, EU funding, EU grants, European Commission, greenhouse gas emissions, infrastructure upgrades, Just Transition Mechanism, Kyriacos Kakouris, loan, Mayor Petr Nedvědický, mobility, partnership, public housing, renewable energy, social services, sustainability, sustainable growth, sustainable urban development, transport renovations, urban renewal, Ústí nad Labem, water management, zoo upgrades
(IN BRIEF) Thales has partnered with Eyedea to secure its AI-powered visual recognition software using Thales Sentinel, ensuring the software is protected and can be scaled efficiently. Eyedea’s software, which recognizes objects such as vehicles and train carriages, is used … Read the full press release
Posted in Artificial Intelligence (AI), Business, Czech Republic, Financial, France, Government, Industrial, Investment, Management, News, Security & Safety, Technology
Tagged AI-powered visual recognition, Czech Police, deployment, EUROPOL, Eyedea, flexible packaging, GDPR Compliance, intellectual property protection, INTERPOL, licensing, Machine Learning, partnership, revenue streams, SDK, security solutions, Sentinel, Software Monetization, software packaging, software security, Technology Innovation, Thales, Thales Licensing, Thales Sentinel Envelope
(IN BRIEF) Stadler has been contracted to install a new traction system for Leo Express, a private Central European transport company, following recent rail infrastructure upgrades in the Czech Republic and Slovakia. The new 25kV/50Hz AC traction system will be … Read the full press release
Posted in Business, Czech Republic, Slovakia, Switzerland, Technology, Transportation & Logistics
Tagged 25kV/50Hz AC, 3kV DC, Czech Ministry of Transport, Czech Republic, diagnostic system, dual traction systems, FLIRT trains, Frauenfeld, hardware and software adaptations, infrastructure upgrades, Leo Express, Polish networks, Polish rail networks, rail networks, Slovakia, Stadler, Switzerland, TCMS, technical running and brake tests, traction system, Train Control and Management System, TRANSPORT, weight assessment
(IN BRIEF) Bilfinger is expanding its engineering operations in the Czech Republic by integrating approximately 200 McDermott employees from the Brno office into its Bilfinger Engineering & Maintenance Central Eastern Europe (Bilfinger E&M CEE) division, effective December 31, 2024. This … Read the full press release
Posted in Business, Czech Republic, Energy, Gas & Oil, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Bilfinger, Bilfinger E&M CEE, Bilfinger Engineering & Maintenance Central Eastern Europe, Brno, carbon capture, Chemical & Petrochemical, collaboration, Czech Republic, efficiency, ENERGY, engineering capabilities, hydrogen, international hydrogen portfolio, Jaromír Kříž, master services agreement, McDermott, Oil & Gas, partnership, personnel transition, plant engineering, process industry, sustainability, sustainable aviation fuel facilities, sustainable fuel facilities, UK
(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
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