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2020-05-27  12:57
CIJ iDesk I
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Company News

Ryanair to challenge Lufthansa's €9bn...

Even as Germany agreed to a €9bn bailout of Germany's flagship air carrier Lufthansa, its rival Ryanair was vowing to fight the deal in court. Germany's government would get a 20 percent stake in Lufthansa for its troubles, as well as a veto over any potential hostile bid for the airline. “Lufthansa is addicted to state aid,” charged Ryanair's Michael O’Leary in a state...
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2020-05-27  12:53
CIJ iDesk I
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Company News

Siemens to spin off 55% of Siemens Energy as...

Siemens has announced that it will spin off 55 percent of its subsidiary Siemens Energy to its shareholders, by giving them one share in the new company for every two shares they own in Siemens. Siemens also revealed that it would reduce its stake in the new company even further within 18 months in order to allow Siemens Energy to restructure its operations to match changing condition...
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2020-05-27  12:50
CIJ iDesk I
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Company News

Flat owners win right to ban Airbnb rentals...

An owner's association in an apartment building in the center of Prague has won a court case in which it defended its decision to outlaw short-term rentals by any of the owners in the building. Enough of the members in the association voted in favor of the ban to write the rule into the group's official governing documents three years ago. The owner, who was leasing his flat...
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2020-05-27  12:49
CIJ iDesk I
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Company News

Prague airport earnings fell 80% in April

The Prague airport saw its earnings fall by 80 percent in the month of April, but the cost of maintaining it and carrying out standard capital investments cost it CZK 380m, according to its chairman Václav Řehoř. In an interview with Hospodářské noviny, he claimed that the airport could make it through the summer without outside help and that it also had a loan arranged in case of nee...
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2020-05-27  12:49
CIJ iDesk I
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Politics

New construction could law could be passed...

Progress on the new Czech construction law sponsored by the Minister of Regional Development Klára Dostálová has been squeezed out of the headlines by the coronavirus pandemic, but work on it has apparently been ongoing. On Thursday, the bill will be sent to the government's legislative council for negotiations that will last through the summer before being presented to parliamen...
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2020-05-27  12:48
CIJ iDesk I
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Project News

Kaprain begins construction of office...

The Kaprain group, which is owned by the Czech businessman Karel Pražák, has begun construction of a 30,000 sqm office project next to the O2 arena called the Kaprain Harfa Business Center. It's being erected on the site of what used to be a parking lot, according to the daily E15. The company's spokesman Ondřej Pechar says they are already in discussions with a number of...
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2020-05-27  12:44
CIJ News iDesk VII
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Events

Air Serbia increasing number of destinations...

Air Serbia is continuing to increase the number of flights it's able to operate as more and more destinations open up, though it's unclear just how much demand there is for the flights. By June 14, it will increase the number of flights it provides on now-functioning routes, meaning that instead of the plan for 16 flights to Heathrow, Vienna, Zurich and Frankfurt, Air Serbia...
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2020-05-27  12:43
CIJ News iDesk VII
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Events

Valamar Riviera to complete reopening by June 15

Valamar Riviera, the biggest tourism company in Croatia, started opening tourist facilities on May 22nd. The first facilities to open were the Lanterna Premium Camping Resort in Poreč and La Pentola restaurant in Rabac. Another twelve Valamar camps opened in Istria and Kvarner within two weeks of this, while the opening of the Istra Premium Camping Resort is planned for June 15. The o...
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2020-05-27  12:42
CIJ News iDesk VII
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Economy

Loans for Serbia's tourism and...

At the second sector meeting in the Serbian Chamber of Commerce it was agreed that the companies most affected by the Covid-19 pandemic should receive access to favorable loans for liquidity and working capital from the country's Development Fund. These include small and medium sized companies, the catering sector and passenger transport companies, all of which are in extremely g...
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2020-05-27  09:04
CIJ News iDesk V
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Company News

Nordis secures GREEN Homes precertification...

Nordis Group has obtained GREEN Homes precertification for its Nordis Mamaia project. The mixed-use scheme includes a five-star hotel and apartments located in the northern part of Romania’s Mamaia resort. GREEN Homes certification, offered by the Romania Green Building Council, certifies that sustainable measures and solutions have been implemented in the project. “We are delight...
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