Škoda Group Reports Record Year: Profits Double Amid 46 Billion CZK Order Surge

Škoda Group has returned to profitability, reporting a substantial increase in its operational earnings for the 2023 fiscal year alongside a record-breaking volume of new orders. The Czech-based engineering firm, a major player in the European rolling stock industry, announced an operational profit of 3.5 billion CZK, marking a significant recovery from previous periods of … Read more

AI Boom Drives Demand for Gas Power Plants, Boosting a Czech Manufacturer

The rapid expansion of artificial intelligence data centers is driving a surge in global demand for reliable, dispatchable electricity, leading to a renewed reliance on natural gas-fired power generation. As tech giants like Amazon, Microsoft, and Google accelerate their infrastructure investments to support large language models, the energy industry is seeing a shift toward gas … Read more