Czech Republic

Czech National Bank keeps interest rates at 4%

Albin Sybera December 19, 2024

Central bank ended its one-year cycle of cutting rates.

The EU Council calls for a European geothermal action plan

bne IntelliNews December 19, 2024

The energy ministers in the EU Energy Council approved the outline of a European geothermal energy action plan on December 17.

Czech EPH signs agreement with Italian Enel to buy its stake in Slovenske Elektrarne

Albin Sybera December 19, 2024

Italian utility sells out to politically well-connected partner EPH after years of rowing with Slovak government over country's main power group.

FDI in Emerging Europe hit by geopolitical uncertainty and German slowdown

Clare Nuttall in Glasgow December 18, 2024

wiiw report warns lower investment trend could continue as Central and Eastern Europe's role as a production hub for Western companies is waning.

Transparency International slams Czech government for giving up on anti-corruption drive

Albin Sybera December 18, 2024

NGO accuses ruling ODS of obstructing legislation to tackle country's embedded corruption.

Czech government to push against ETS 2 emissions trading system implementation

Albin Sybera December 17, 2024

The Czech government is also opposing the European Commission’s proposal to lower emissions in 2040 by 90% compared to 1990 and wants to revise EU goals on phasing out combustion engines in the car industry.

IMF: The 2004 EU enlargement was a success story built on deep reform efforts

Sebastian Weber for the IMF December 16, 2024

New accession candidates will need to undertake equally ambitious reforms to make the next expansion a comparable success.

UK government approves Křetínský’s takeover of Royal Mail

Albin Sybera December 16, 2024

UK government will retain a “golden share” in the postal service, giving it special rights.

Slovakia will continue supplying Czechia with processed Russian oil for another six months

Albin Sybera December 13, 2024

Slovakia prolongs exemption from EU sanctions on oil products from imported Russian oil.

Czechs choose the nuclear option

Albin Sybera December 11, 2024

Given the huge cost of this nuclear drive, environmental and energy analysts warn that the investments will influence the shape of the entire Czech energy transformation.

Czech inflation stays at 2.8% in November

bne IntelliNews December 10, 2024

Consumer price indices (inflation) increased by 2.8% year on year, the same as in October. Month on month, inflation increased by 0.1%.

Czech unemployment inches upwards to 3.9% in November

bne IntelliNews December 10, 2024

Unemployment in Czechia inched upwards to 3.9% in a mild increase of 0.1 percentage points or 1,422 persons on the October level.

Czech industrial production falls by 2.1% y/y in October

Albin Sybera December 10, 2024

Czech industrial production fell by 2.1% year on year and by 0.7% month on month in October.

COMMENT: European countries plan hydrogen import infrastructure to achieve climate goals

Fuad Shahbazov in Durham December 6, 2024

Talks between Greece's DESFA and several Southeast and Central European countries aim to establish a new hydrogen corridor to Germany.

Druzhba oil flow to Czechia is resumed

Albin Sybera December 6, 2024

The oil flow through the pipeline stopped on Wednesday, leaving the country dependent on its reserves and the oil flow from the west.

Czechia to open oil reserves after Russia halts Druzhba pipeline flows

Albin Sybera December 5, 2024

Russian move seen as reaction to Czech statement that it won't ask for the prolonging of its exemption from the EU ban on imports of petroleum products made from Russian oil.

Emerging Europe winemakers sparkle as global wine production declines

Clare Nuttall in Glasgow December 4, 2024

Global production is set to fall 2% this year, but countries in Emerging Europe including Georgia, Hungary and Russia are bucking the trend, says the OIV.

Czech PMI drops to 46 in November

bne IntelliNews December 2, 2024

Czechia manufacturing index PMI compiled monthly by the S&P Global market intelligence company dropped to 46 in November amid another downturn in operating conditions.

Gas prices rising as EU storage tanks empty faster than usual

bne IntelliNews December 2, 2024

Gas withdrawals from EU underground storage tanks have accelerated as Europe suffers from the first cold snap of winter. Gas tanks were 85.5% full as of December 1, having peaked at 95.3% full on October 29, according to Gas Infrastructure Europe.

Kretinsky close to Royal Mail deal after concessions to UK government

bne IntelliNews November 29, 2024

These include maintaining deliveries of letters six days per week and parcels Monday to Friday, and keeping the brand name and Royal Mail headquarters and tax residency in the UK for the next five years.

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