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Ukrainian workers had flocked to central Europe up to now decade – drawn by larger wages and aided by an easing of visa necessities – filling jobs that weren’t highly paid sufficient for native workers in development, the automotive sector, and heavy trade. Covid III – Modification Invest will help firms to obtain guarantees from the Czech-Moravian Guarantee and Development Bank also for commercial loans for investments. Employers will be succesful of continue to obtain monetary help for the wages of quarantined workers or for obstacles to work associated to the covid-19 epidemic.

A new disaster measure permitting specialists and other key employees from the Republic of Korea to come to the Czech Republic for the wants of Hyundai Motor Manufacturing Czech in Nošovice, has been approved.

HID Global, a subsidiary of Swedish engineering and know-how big Assa Abloy, on the acquisition of LUX-IDent, a number one provider of radio frequency identification elements based mostly in the Czech Republic. Generali Real Estate, one of many world’s main actual estate asset managers, on the acquisition of Kotva Department Store in Prague metropolis centre and on acquisition of IBC workplace building in Karlín. Teijin Holdings Netherlands, a technology-driven world group offering advanced options that combine three totally different business domains – supplies, healthcare and IT, on the acquisition of Benet Automotive, a Czech-based supplier of composite components to the automotive industry. The transaction was one of the largest M&A transactions within the CEE region in 2020. AXA Group in the signing of the EUR 1bn settlement with the UNIQA Insurance Group beneath which AXA bought 100% of its Life & Savings, Property & Casualty and Pension businesses in Poland, the Czech Republic, and Slovakia. Heimstaden Bostad AB, leading residential property company within the Nordic nations, on EUR 1.3 billion acquisition of the RESIDOMO residential portfolio.

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