In November 2019, the international law firm Eversheds Sutherland expanded its team by two senior lawyers, Radek Váňa and Michal Hrabovský. Both will significantly strengthen the international and local M&A team.

Growth in the Czech economy slowed to 2.5% in the third quarter, according to refined estimates. Household consumption is lower, but it's still the main growth driver. Fixed investments fell slightly. We expect the economy to grow around 2.5% this year, falling closer to 2% in 2020.

Dentons and Balcioglu Selcuk Akman Keki Avukatlık Ortaklığı (BASEAK) advised Czech-based hydroelectricity group ENERGO-PRO on securing €175 million financing for the development, construction and operation of the Alpaslan II dam and hydro power plant in Turkey. ENERGO-PRO operates hydropower plants in Central and Eastern Europe, the Black Sea and Caucasus. Its Alpaslan II project is located on the Murat river in Muş province, Turkey, and will have a licensed generation capacity of 280 MW.

M&A drumbeat continues as more than half of global companies plan to acquire in the next 12 months. Strong M&A intentions fueled by search for talent and tech – most companies plan significant capital investment in both. US and UK top M&A destinations; most executives discount likelihood of near-term recession Business leaders are continuing to reshape their company portfolios despite a challenging geopolitical environment, with 52% of global corporates planning to pursue acquisitions in the next year, according to the 21st EY Global Capital Confidence Barometer (CCB).

The University of New York in Prague has a long history of supporting the healthy and active lifestyles of its students. The university is now pleased to announce that it will take its partnership with AC Sparta Praha to the next level by applying the UNYP name and brand to one of Prague’s largest and most modern multisport facilities. At the start of September, the multisport facility in Prague 9, Podvinny Mlyn (currently known as Arena Sparta) started a rebranding project which will see the main hall and all connected fields renamed UNYP Arena.  The rebranded UNYP Arena will also become the official home of the UNYP Blazers floorball, football and basketball teams. All changes should be complete before the end of the year.  

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