Rheinmetall CEO Armin Papperger said a peaceful resolution in Ukraine would not materially affect the companyβs business; future growth is expected to come from NATO contracts and rising European defence spending. #Rheinmetall #defence #FiatNews
Pegasus Airlines launched a takeover process for ΔSA (which owns Smartwings) with a proposed transaction valued at about β¬154 million (β3.8 billion CZK). #Pegasus #Aviation #FiatNews
Czech construction output slowed in October: year-on-year growth eased to 7.1% from 13.1% in September, with a month-on-month decline of 0.4%. Building construction rose 9.6% and engineering construction 3.3%. #Construction #CzechRepublic #FiatNews
Czech foreign trade posted a surplus of 26 billion CZK in October, up 15 billion year-on-year. Improvement was driven by a smaller deficit in oil and gas trade; the surplus in metalworking products narrowed. #CzechRepublic #trade #FiatNews
Czech economy: Consumption and investmentβdriven by construction and servicesβare currently supporting growth, but ΔSOB economist Jan BureΕ‘ expects the pace of expansion to slow next year. #CzechRepublic #FiatNews
German foreign trade in October surprised with a 0.1% rise in exports while imports fell 1.2%, widening the trade surplus to β¬16.9 billion for the month. #Germany #trade #FiatNews
Ford and Renault will partner to build affordable electric vehicles in northern France, aiming to launch the first models in 2028 as part of a joint strategy to compete in Europeβs EV market. #Ford #Renault #EV #FiatNews
Colt CZ received antitrust approval to acquire Synthesia Nitrocellulose and the Synthesia Power energy division for 22 billion CZK. The deal strengthens Colt CZβs position in the ammunition supply chain by securing nitrocellulose capacity. #ColtCZ #CzechRepublic #FiatNews
