Living in the digital world today is like raising a child. You may not appreciate their rapid physical growth if you see them each day, but a relative who sees them once a year will marvel each time. Digital trends transform the world so much that today’s norms may feel like a bygone era a few years from now. The transformation in different sectors is evident. Communication is now instantaneous, and just about every facet of life for ordinary Czechs is online. The effects of Coronavirus shutdowns accelerated digitization significantly. A remarkable example is videoconferencing service Zoom, which barely scratched 10 million users in 2019. One month after Covid hit, the company had over 300 million active users. Such isContinue Reading

VC investments in CEE exceeded €5.4B in 2021 according to Vestbee Report: VC Transactions In CEE  Vestbee, the leading matchmaking platform and community for startups, VC funds, accelerators, and corporates in Central & Eastern Europe, has just published VC Transactions In CEE Report – 2021. According to the report, the disclosed number of investments in the CEE region in 2021 reached over 1000 and exceeded €5.4B in total funding. What’s worth noticing, compared to the previous year, 2020, the total amount of investments (YoY) was doubled. In recent years, the CEE region experienced record-breaking growth in venture capital investments attracting more and more VC funds investing across Europe, notably from Western Europe and the United States. – underlines Ewa Chronowa,Continue Reading

Grünwald, 24.02.2022 – KGAL Investment Management GmbH & Co. KG has acquired the Charles Square Center in Prague, which includes offices, retail, restaurants and healthcare space, on behalf of a pan-European fund. The city centre property with a total of almost 20,000 square metres of leasable space has a roster of international, renowned tenants. The seller was Commerz Real. Prague is the cultural centre of the Czech Republic and, according to a recent survey by a leading international travel magazine, the “most beautiful city in the world”. Above all, Prague is also the economic centre of the country; the capital contributes a quarter of the national economic output. The Czech Republic is also notably the country with the lowest unemploymentContinue Reading

· Lomond Corporate Relations will specialise in strategic consultancy in integrated Corporate Communications and Public Affairs · The managing partners are Grayling’s former leaders for continental Europe · The management team will work closely with an international senior advisory board, including Lord Peter Chadlington 23rd February 2022 – Two of Grayling’s former European directors have formed Lomond Corporate Relations, a consultancy that will specialise in Corporate Communications and Public Affairs. Issues relating to regulatory changes in Europe will be a particular focus. The headquarters of the new company will be in Prague, but the consulting team will service clients from all over Europe. Lomond’s founding partners are Jan Šimůnek and Ben Petter, formerly the continental European CEO and COO forContinue Reading

ASBISc Enterprises Plc and Transatel have teamed up to integrate the Perenio IoT Router Elegance with worldwide LTE/5G services, enabling enterprises to provide simple, secure and scalable connectivity experience for employees working remotely. With distributed workforce set to become the new normal, enterprises are now expected to provide secure, simple, and mobile connectivity solutions to their employees who are working from remote locations. ASBIS group and Transatel cooperation came about solving this new challenge and increasing remote workforces’ performances with optimal connectivity anywhere. Together, they developed a solution that is: – Resilient: A reliable solution designed for no downtime, with failover from ethernet to cellular – Secure: secure data transmissions and application of confidence policy rules – Scalable: unique integrationContinue Reading

RVmagnetics “Sensor Startups in Central and Eastern Europe are working hard to bring the next sensor unicorns”

RVmagnetics is a sensor manufacturing startup company from Slovakia. They essentially provide Research and Development services with the application of their own contactless MicroWire sensors, for a largely influential pool of partners. RVmagnetics is founded by prof. RNDr. Rastislav Varga, DrSc. who throughout over 30 years of experience in basic and applied research on magnetic substances – developed the smallest passive sensor in the world the MicroWires.Prof. Varga leads a team of scientists and R&D professionals, developing custom-created, precise sensing solutions, solving practical, technical, scientific issues and limitations that cannot be addressed with conventional sensors. The MicroWires surely have the relevant demand of international clients , which is growing year by year and being developed into exclusive applications in aContinue Reading

Prague 10 February 2022         Sberbank CZ has launched the Sberbank Business Accelerator program. Its aim is to find and support fintech startups and, in cooperation with them, bring product innovations and improve Sberbank CZ’s services. Sberbank Business Accelerator was prepared in cooperation with DEX Innovation Centre. Startups interested in applying for the program can find all the necessary information on the website https://www.sberbank.cz/en/microsites/accelerator.   “We are looking for the best startups which offer or work on innovative solutions that are applicable in banking, or on suitable solutions that can complement the existing banking ecosystem. We are interested in cooperation in areas like Artificial Intelligence (AI), Blockchain, Open Banking, Digitalization of banking, Buy Now Pay Late solutions and others,” says MartinContinue Reading

EIT Manufacturing is Europe’s leading manufacturing community within the European Institute ofInnovation and Technology (EIT), a body of the European Union. Innovative solutions to equip European manufacturing for a digital, competitive future that is sociallyand environmentally sustainable will receive support through EIT Manufacturing’s ‘Call for Proposals2023’, which opens 9th February 2022. Organizations participating in activity proposals addressing theCall may receive a financial support of up to €1.5 million per year. Innovators, research organisations, universities, major corporations, startups and businesses of every sizeare invited to submit ideas for using the latest technology to address these four themes: • Artificial Intelligence (AI) and digital twins for manufacturing systems• Smart technologies for circular and green manufacturing• Collaborative robots and solutions for flexible manufacturing•Continue Reading

On Tuesday January 25th a well attended business forum was hosted in the Czech Chamber of Commerce offices at Florentinum, Prague. The focus of the event was Georgia, a mountainous country in the Caucasus, known for great hospitality and top rankings in ease of doing business. The event was opened by the Georgian Ambassador to the Czech Republic H.E. Mariam Rakviashvili by describing the openness of Georgia towards attracting international business actors and investors to the country.  Czech Republic is one of the strongest supporters of Georgia’s Euro-integration and it is translated into the bold financial support which facilitates the process of implementation of the Deep and Comprehensive Free Trade Agreement with EU which is a road map of theContinue Reading

Industrial Research Forum Announces Industrial Market Figures for Q4 2021 Modern industrial stock in the Czech Republic surpassed 9.6 million sq m Half of the space currently under construction is in the Olomouc, Pilsen and Moravia-Silesia regions Currently, more than 1,100,000 sq m of A-class warehouse is under construction. In the 4th quarter, almost 480,000 sq m of industrial space was newly leased, surpassing last quarters record-high levels. The vacancy rate dropped by 36 basis points compared to the previous quarter and by 251 basis points compared to Q4 2020. Prague’s average highest achievable rent has again increased to the new level of €6.00 per sq m per month, with a few special offers starting at €7.00 per sq m per month.Continue Reading