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2019-10-21  10:02
Project News

D4 stretch could begin by 2024 through PPP...

Construction of the 32 kilometer stretch of the D4 motorway between Milin and Mirotice will be carried out through a PPP project. A tender for the concession is still underway, meaning that work won't begin until the end of 2020 at the earlies, according to the daily Pravo. It writes that seven foreign consortiums took part in the original tender and that negotiations with four w...
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2019-10-21  10:00
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Project News

Prague airport boss says Terminal 2...

Traffic at Prague's international airport grew 6 percent during the summer holidays breaking new records, but its chairman Václav Řehoř warns investments must start immediately to ensure the airport's future. Two projects in particular are needed: expansion of Terminal 2 and the construction of a second runway. Řehoř told Hospodářské noviny that the once he gets approval for...
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2019-10-21  09:59

Czechia needs double the number of...

Along with a lack of modern housing for the general public as well as dormitories for students, the Czech Republic has a serious lack of facilities for dealing with older people and those suffering from dementia. And it's the last of these that's among the most worrying, because the number of senior citizens with dementia or Alzheimers, already estimated at 160,000 is expect...
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2019-10-21  09:56
CIJ Romania
Company News

BCR to sell former Bucharest HQ to Arab...

An Arab investor is poised to become the new owner of Banca Comerciala Romana’s former headquarters in downtown Bucharest, according to The bank put the “Generala” Insurance Society Palace on University Square, on the market last spring with a starting price of more than €20m. JLL was hired to broker the sale. Andrei Vacaru, head of capital markets at JLL Romania said that ...
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2019-10-21  08:55
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Company News

Panattoni delivers two BTS facilities for...

Panattoni Europe has completed two BTS facilities for DHL Parcel Polska. The investments include 8,400 sqm at Panattoni Park Pruszków III as well as an 8,400 sqm facility in Radzymin in the vicinity of Panattoni Park Warsaw-North. Both facilities also feature 900 sqm of office and have a non-standard height of 7.5 meters. The facilities have been developed in line with DHL’s GOGREEN p...
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2019-10-21  08:54

Łukasz Włodyga appointed HSSEQ Manager CEE...

Łukasz Włodyga has been appointed HSSEQ manager at Cushman & Wakefield. He will work to deliver HSSEQ programs and initiatives across the CEE region. Włodyga joined Cushman & Wakefield in February as quality and performance improvement manager for asset services to drive business performance, including monitoring quality and compliance across the EMEA region. As HSSEQ manager,...
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2019-10-21  08:52
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Company News

Frigo Logistics leases 3,500 sqm at Alliance...

Frigo Logistics has leased 3,500 sqm of cold and freezing space at the Alliance Silesia Logistics Center in Czeladź. Axi Immo Group advised the logistics operator for deep-frozen products during the lease process. “When choosing a new space, there were several important aspects for us. Time, the possibility of lease existing space with controlled temperature and location providing goo...
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2019-10-18  12:26
Company News

CITIC Dicastal to build €300m auto parts...

The Chinese-owned supplier of aluminum auto parts CITIC Dicastal is planning to build a €300m factory with the Czech metallurgy and engineering company ŽĎAS. Discussions about the factory, which is to be built in Žďár nad Sázavou, was mentioned by Czech president Milos Zeman in a recent letter to the Chinese president and is to be confirmed at the upcoming Czech Chinese Investment For...
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2019-10-18  12:24
Company News

Czech Billa employees win another 5% raise

The Billa supermarket chain has raised wages at its stores for the second time this year, this time by 5 percent. Staff will be paid an average of CZK 1,200 more, following negotiations with labor union leaders. Billa has raised wages 17 percent this year in total. It can apparently afford to do this because last saw after-tax profits grow 60 percent to CZK 591m on revenues of CZK 27....
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2019-10-18  12:22
Company News

Syner Group won’t be returning EU subsidies

It's been reported that regional officials ordered the Liberec-based construction sector giant Syner Group to return CZK 10.6m in European subsidies for the construction of an inline skating path near the Liberec stadium. The regional council found that the company, SFM Liberec, did not meet one of the criteria for the subsidy – that of being a small or mid-sized company. However...
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