The investment group PPF of Petr Kellner has signed an agreement on the
purchase of 100 percent shares in the Plzen engineering company Škoda
Transportation. The sales deal was confirmed by PPF spokeswoman Zuzana
Migdalová, though she did not specify how much PPF paid for the company.
According to the business news site ihned it was over 10 billion crowns. With its 5,300 employees, Škoda Transportation is the biggest transport engineering company in Central and Eastern Europe.
Czech car maker Škoda Auto is reported to have sold 107,400 cars in
October, which is an increase by 9.7 percent on the previous year. The
company’s sales went up by 11.3 percent in Europe, by 23.8 percent in
Russia and by 7.7 percent in India.
Despite a drop in sales, Škoda Octavia remains the company’s best-selling model with 37,100 cars delivered to the market in October, followed by the Škoda Rapid with 18,300 cars.
Energy producers in the Czech Republic have tabulated that damage from
hurricane-force winds two Sundays ago, reached almost 100 million crowns.
The storm, which began at around 12 AM on October 29, and lasted throughout
the night and into the next day, brought down trees and power lines; four
people were killed by falling trees. On the country’s highest peak,
Snežka, winds reached the speed of 180 km/h. The head of energy giant
ČEZ, Daniel Beneš, said that ČEZ had seen damage worth more than 70
million crowns but said it would have no impact on company results as the
firm was insured against natural calamities of this kind.
Energy company E.ON posted damage at around 20 million crowns.
Andrej Babiš, the head of ANO tasked with forming the new government, has
said he has found a candidate for the post of Minister of Industry and
Trade. However, he has not divulged the person’s name as yet. Mr Babiš
is looking to form a minority government capable of finding broader
political backing in the lower house, after his party won almost 30 percent
of the vote in the election in October.
On Monday, ANO representatives met with representatives of the Civic Democratic party to discuss posts in the new Chamber of Deputies; ANO is pushing for Radek Vondráček to become the new house speaker. Facing opposition to the idea, Babiš pointed out the last election winners, the Social Democrats, had also secured the post.
A Czech inventor is behind what is claimed to be a revolutionary lithium battery which could be the answer to the world’s energy storage problems. And the dream of inventor Jan Procházka is now taking shape with a high tech factory being constructed for the production of those small, high powered but low cost batteries in the far east of the Czech Republic.
Czech counterintelligence helps uncover Hezbollah hacking scheme
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Skripal suspects believed to have followed him in Czechia long before attempted poisoning
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