CEE

EQS-News: CPI PROPERTY GROUP – Hotels joint venture and stake sale

Retrieved on: 
Wednesday, March 13, 2024

CPI PROPERTY GROUP (“CPIPG” or the “Group”) is pleased to announce the sale of a 50% stake in a subsidiary owning a portfolio of eight hotel properties in the Czech Republic, along with the signing of a joint venture agreement with Best Hotel Properties (“BHP”).

Key Points: 
  • CPI PROPERTY GROUP (“CPIPG” or the “Group”) is pleased to announce the sale of a 50% stake in a subsidiary owning a portfolio of eight hotel properties in the Czech Republic, along with the signing of a joint venture agreement with Best Hotel Properties (“BHP”).
  • The joint venture includes many of the Group’s hotel properties in the Czech Republic, including Clarion Congress Hotel Prague, Mamaison Residence Downtown Prague, and Comfort Hotel Prague City East, among others, as well as CPI Hotels a.s., the hotels operator.
  • The gross transaction value was approximately €347 million, for which a 50% stake totals c.€173 million.
  • CPIPG and BHP entered into a long-term joint venture agreement to manage the investment, where CPI Hotels will continue to operate these hotels.

Europe Smart Metering Report 2024: The Installed Base of Smart Energy Meters to Reach 326 Million Across Europe by 2028 - ResearchAndMarkets.com

Retrieved on: 
Monday, March 4, 2024

In terms of shipments, smart meters accounted for around 80 percent of total EU27+3 electricity meter shipments in 2022.

Key Points: 
  • In terms of shipments, smart meters accounted for around 80 percent of total EU27+3 electricity meter shipments in 2022.
  • The smart metering market in Europe remains promising and is set for robust growth in the coming years with a total of close to 110 million smart electricity meters forecasted to be deployed across the region during 2023-2028.
  • The rapid development of new wireless technologies for IoT communications has a major impact on the smart metering market in Europe.
  • Throughout the forecast period, annual shipment volumes of smart gas meters will remain stable at around 5-6 million units.

Financial Education Requirements Soar in America’s High Schools

Retrieved on: 
Monday, February 26, 2024

“It’s been a banner two years for young people’s financial knowledge and futures,” said Nan J. Morrison , CEE president and chief executive officer.

Key Points: 
  • “It’s been a banner two years for young people’s financial knowledge and futures,” said Nan J. Morrison , CEE president and chief executive officer.
  • “Requiring all high schools to teach principles of personal finance and economics and all students to study it creates equity and possibility.
  • “It is encouraging to see the gap in financial education offerings to students shrinking.
  • Now in its 75th year, CEE also offers free educator training and classroom materials for personal finance and economics education.

Evergrowth Kills its Sales Consultancy Business and Raises $2.2M to Claim the Account-Based Selling Software Category

Retrieved on: 
Thursday, February 22, 2024

This ultimately led to closing the consultancy business and going all-in on a scalable SaaS solution.

Key Points: 
  • This ultimately led to closing the consultancy business and going all-in on a scalable SaaS solution.
  • Prior to the release of this innovative technology, doing such deep research on individual accounts and their contacts took days.
  • Now, with the introduction of AI into Evergrowth’s methodology, JB, alongside his co-founders, is poised to transform account-based selling.
  • Our shared dedication to elevating the sales profession through innovative AI applications in the B2B space is a key reason for my investment in Evergrowth.

Smart Metering in Europe, 18th Edition: Close to 110 Million Smart Electricity Meters Forecast to be Deployed Across Europe During 2023-2028

Retrieved on: 
Tuesday, February 27, 2024

The smart metering market in Europe remains promising and is set for robust growth in the coming years with a total of close to 110 million smart electricity meters forecasted to be deployed across the region during 2023-2028.

Key Points: 
  • The smart metering market in Europe remains promising and is set for robust growth in the coming years with a total of close to 110 million smart electricity meters forecasted to be deployed across the region during 2023-2028.
  • Poland, which is currently ramping up smart meter installations will meanwhile account for a substantial and increasing share of smart meter shipments throughout the entire forecast period.
  • The rapid development of new wireless technologies for IoT communications has a major impact on the smart metering market in Europe.
  • Throughout the forecast period, annual shipment volumes of smart gas meters will remain stable at around 5-6 million units.

Midea Launches First HVAC Showroom and Distribution Center in New York City

Retrieved on: 
Monday, February 26, 2024

QUEENS, N.Y., Feb. 26, 2024 /PRNewswire/ -- Midea, one of the leading innovators in the HVAC industry, announced the opening of its first national showroom and distribution center in Queens, New York with a special ribbon-cutting event attended by a representative of New York Governor Hochul's office, New York Congresswoman Grace Meng, representatives from Con Edison and PSEG and other industry leaders. The innovative space will make heat pumps more accessible for consumers and professionals alike, demonstrating Midea's commitment to equitably integrating advanced heat pump technology into homes across North America.

Key Points: 
  • The showroom also features the Midea Packaged Window Heat Pump (PWHP) – winner of the 2024 AHR Innovation Award and component of New York State's Clean Heat for All Challenge – as well as the new EVOX G3 ducted heat pump system.
  • The showroom will educate homeowners and contractors by illustrating the versatility of heat pump applications across different scenarios.
  • The Midea showroom, operated in tandem with Ai-Midea Air Conditioning, is located at 158-15 Union Turnpike, Fresh Meadows, NY 11366.
  • For more information about heat pumps and the Midea products available at the Queens Showroom, please visit www.mideacomfort.us .

New Efforts Underway to Train Teachers as Personal Finance Class Requirements Expand Nationwide

Retrieved on: 
Thursday, February 15, 2024

With support from Robinhood Markets, Inc. (“Robinhood”), the Council for Economic Education is expanding no-charge professional development workshops and resources for educators who will soon be teaching personal finance classes.

Key Points: 
  • With support from Robinhood Markets, Inc. (“Robinhood”), the Council for Economic Education is expanding no-charge professional development workshops and resources for educators who will soon be teaching personal finance classes.
  • “We know that means ensuring young people learn about personal finance.
  • Adding all states and cultivating excellence in personal finance teaching and learning remain twin missions for CEE.
  • For more about CEE’s personal finance and economics in-person and virtual teacher training and free classroom resources, go to councilforeconed.org .

EQS-News: Strong start into the new financial year: DOUGLAS Group significantly increased sales and profitability

Retrieved on: 
Thursday, February 15, 2024

Strong start into the new financial year: DOUGLAS Group significantly increased sales and profitability

Key Points: 
  • Strong start into the new financial year: DOUGLAS Group significantly increased sales and profitability
    The issuer is solely responsible for the content of this announcement.
  • Strong start into the new financial year: DOUGLAS Group significantly increased sales and profitability
    Group sales (net) increased by 8.0% (reported) to around 1.56 billion euros (like-for-like, “lfl”: +7.5%) with continued omnichannel growth: store sales (net) up 6.7%, E-Com sales (net) up 10.7%
    Profitability significantly increased: Adjusted EBITDA increased by 12.6% to 348.3 million euros with a higher adj.
  • Actual Group sales (net) are slightly below the previous communicated +8.3% due to the discontinuation of the Spain restructuring adjustments and minor consolidation effects.
  • “The months from October to December are the most important sales period of the year for us”, said Sander van der Laan, CEO DOUGLAS Group.

How Supply & Demand is Likely Driving the Uranium Market to Reach a 16-Year Peak This Year

Retrieved on: 
Wednesday, February 14, 2024

PALM BEACH, Fla., Feb. 14, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Experts predict that the global uranium market is likely to reach a 16 year peak in 2024.

Key Points: 
  • PALM BEACH, Fla., Feb. 14, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Experts predict that the global uranium market is likely to reach a 16 year peak in 2024.
  • Toronto-listed Cameco is expected to be the world's second largest uranium producer this year after Kazatomprom.
  • The objective of the 2024 program is the discovery of uranium mineralization associated with conductive electromagnetic (EM) anomalies.
  • “We are incredibly excited to be starting the preparations for our maiden drill program, a key milestone for the company.

ACI Worldwide and RYVYL EU Power Merchant Payments in Central Eastern Europe

Retrieved on: 
Tuesday, February 13, 2024

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , today announced a collaboration with RYVYL EU , a leading payments service provider (PSP) and acquirer in Central Eastern Europe (CEE), to help merchants across the region increase revenues through higher transaction conversion rates.

Key Points: 
  • ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , today announced a collaboration with RYVYL EU , a leading payments service provider (PSP) and acquirer in Central Eastern Europe (CEE), to help merchants across the region increase revenues through higher transaction conversion rates.
  • RYVYL EU is an EU-regulated electronic money institution based in Sofia, Bulgaria, and is a wholly owned subsidiary of RYVYL Inc. (NASDAQ: RVYL).
  • RYVYL EU will board its eCommerce merchants and PSP customers onto the award-winning ACI Payments Orchestration Platform , enabling them to orchestrate payments using one solution, one platform and one API integration for optimal conversion rates at minimal operation costs.
  • “We are excited about our collaboration with ACI Worldwide, which signifies our commitment to staying at the forefront of technological advancements in the payment processing industry,” commented Daniela Ivanova, CEO, RYVYL EU.