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News

Doing business

Articles, interviews, research & studies, press releases from and about AmCham member companies related to the Czech business environment.

Managing business

Articles sharing best practices and knowledge of managing a business. Shared expertise and experiences of our community are available in this section to raise the standards of operational excellence.

Eversheds Sutherland significantly strengthens its transaction team with two senior lawyers

6.12.2019, Company: Eversheds Sutherland

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.

Tags: Law | Business Development |
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ING Bank Czech Republic: The Czech economy slows to 2.5% in 3Q

5.12.2019, Company: ING Bank N.V., organizační složka

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.

Tags: Economics | Finance |
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Dentons and BASEAK advise ENERGO-PRO on financing of Alpaslan II Project

29.11.2019, Company: Dentons Europe CS LLP, organizační složka

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.

Tags: Law |
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Business leaders continue to target M&A opportunities amid global uncertainty

29.11.2019, Company: EY

  • 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).

Tags: Economics | Finance | Business Development |
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Prague’s most modern multisport arena to be renamed UNYP Arena!

28.11.2019, Company: University of New York in Prague, s.r.o.

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.  

Tags: Business Development | New Products & Services | Education |
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Braun: Judges ask for exact records of working hours, but usually it is nonsense

26.09.2019, Compete

COMMENTARY FROM ARTHUR BRAUN | The Court of Justice of the European Union recently published a decision in proceedings on a preliminary issue, stating that EU member states must require employers to record all employee working hours (C-55/18). This case involved a suit filed by a Spanish union organization in the banking industry, not exactly the traditional players in unions fighting against exploitation of the working classes. This decision did not receive wide publicity in the Czech Republic, but in Germany and elsewhere in Europe it did.

AmCham President Michal Chour outlines 2019 agenda

13.08.2019, Amcham

Michal Chour has been involved in AmCham's tourism advocacy for over a decade. He recognizes that this industry, like so many others, now needs to transition from a volume business to a value-added one. His goal as AmCham president is to help align interests so the sum for the country is greater than all the parts.

International Survey on retirement: Sleepwalking into retirement poverty?

8.03.2019, Marketplace

People in Europe, the USA and Australia could be sleepwalking into long-term saving and spending problems. The ING International Survey Savings 2019, the eighth in an annual series, confirms that 61% of people living in 13 European countries worry about having enough money in retirement. Responses are similar in the USA and Australia.

AmCham Leadership Case Studies: Revenue today vs. Revenue tomorrow

27.11.2018, Amcham

Success in the hotel business is governed by the RevPar rate: the amount of revenue the hotel generates per available room per month. To succeed, you need to fill as many of your rooms as possible at the maximum possible rate. The challenge is this: if you fill all of your rooms all of the time, the rooms begin to show signs of wear. And if you want to raise rates as much as possible, you have to have quality rooms with the latest technology and equipment. To keep the rooms fresh and modern, you have to refurbish them regularly. How do you maintain revenue and occupancy while still keeping your rooms and conference facilities above market standard? 

 

AmCham 2018 Thanksgiving Message: Delivered by Magdalena Soucek, EY, Past President and Board Member

24.11.2018, Compete

Thanksgiving is a time to gather with family, to share memories, and express gratitude to those who have helped us along the way.

Customers are looking for largest warehouses in Plzeň and Ústí regions

21.06.2018, Marketplace

CBRE, a global leader in commercial real estate services published its latest CBRE REAL DEMAND BAROMETER – a study monitoring demand for warehouses all over Czech Republic over past two years. It shows large differences between regions (kraje) – while in Karlovarský region was the typical (median) request for warehouses exceeding 13 thousand square meters, in Olomoucký region the median demanded warehouse floor space was only 600 square meters.

Tags: Business Development | Real Estate |
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