6 February 2024

Overview of latest articles

1401347999 lo (2)

Deloitte TMT Highlights 2024

The smartphone remains the most used device in the Czech Republic. Moreover, Czechs use smart watches and smart TVs more often than laptops. Less than one percent of people use VR glasses daily and awareness of the metaverse remains low, according to our new survey.

See more here

Oriens acquires retail chain Hruška

Oriens is buying the retail chain Hruška as part of its strategic expansion. The Hungarian industrial holding will take control of the Ostrava-based chain, which operates stores mainly in Moravia, Silesia and eastern Bohemia.

See more here

Sev.en Global Investments acquires UK-based InterGen

Sev.en Global Investments, part of Tykač's Sev.en group, has bought the British company InterGen, which owns four large natural gas-fired power plants with a total capacity of 2,800 megawatts and supplies more than one million households.

See more here

Search engine Yandex to sell its Russian division

Yandex NV has reached an agreement to sell its Russian operations, including the country's most used search engine, for approximately $5.2 billion. The deal represents the largest exit from Russia by value since the start of the invasion of Ukraine.

See more here

China Evergrande Group receives liquidation order from Hong Kong court

The liquidation order comes more than two years after the company's official inability to pay debt, sparking a crisis for Chinese developers that continues to drag on the world's second-largest economy.

See more here

Vafo Group takes over pet food manufacturer Dagsmark Petfood

The Vafo Group, headed by Czech billionaire Pavel Bouška, has successfully acquired the Finnish feed manufacturer Dagsmark Petfood. With this strategic move, Vafo Group has become a leading player in the Nordic pet food market.

See more here