Czech Republic

COMMENT: Europe needs to start the fightback against Trump now

Robert Anderson in Prague January 21, 2025

The European centre-right is facilitating the populist attack on liberal democracy.

Analysts expect ‘perfect storm’ of political risks in 2025

Clare Nuttall in Glasgow January 20, 2025

Global political risk is set to intensify in 2025 with international trade becoming a geopolitical battleground after Trump’s return to office, said Verisk Maplecroft analysts.

Emerging Europe split between eager anticipation and wary acceptance ahead of Trump inauguration

bne IntelliNews January 17, 2025

For some leaders in Central and Southeast Europe, the new Trump presidency is seen as a opportunity; for others it’s a challenge to navigate carefully.

Spike in Czech beer exports to Russia highlights cracks in Moscow-bound trade and businesses

bne IntelliNews January 16, 2025

Czechia’s exports of beer increased year on year in 2024, which was the first spike in beer exports to Russia after a slump caused by Russia’s 2022 full-scale invasion of Ukraine and the subsequent severing of business links to Russia.

Czechia wraps up work on pipeline expansion to end reliance on Russian oil

Newsbase January 14, 2025

Czechia is on track to end its reliance on Russian oil within the next few months following the completion of key technical work on the TAL-PLUS oil pipeline expansion.

Czech industry falls by 2.7% y/y in November in another disappointing performance

bne IntelliNews January 10, 2025

Czech industrial output dropped by 2.7% year on year and 1.5% month on month, extending the y/y drop to two consecutive months after it fell by 2.1% y/y in October.

EBRD delivers 26% expansion in investments in 2024, commits record €16.6bn across economies

bne IntelliNews January 10, 2025

Lender notes strong momentum in green and gender financing, in parallel with steadfast support for Ukraine and its real economy.

Czech police request parliament strip far-right leader of immunity

Albin Sybera January 8, 2025

Okamura's SPD has been trying to maintain its position as the leader of the far-right and anti-EU political spectrum at a time when several anti-establishment parties have been surging in the polls.

Czech central bank monetary department chief quits

Albin Sybera January 7, 2025

Peter Kral had reportedly long been at loggerheads with dovish Governor Alex Michl.

Czech PMI drops to 44.8 amid weakening automotive industry

bne IntelliNews January 5, 2025

It is the second consecutive monthly drop, having decreased to 46 in November, down from 47.2 posted in October. The index has remained below the 50-point mark separating growth and decline for over two and a half years now.

COMMENT: The EU’s Green Deal is a “policy disaster”

bne IntelliNews December 29, 2024

Energy analyst Dr Tom O'Donnell has issued a stark critique of the European Union's Green Deal, describing it as a "policy disaster" that requires radical reform to prevent further industrial decline and to bolster energy security.

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.

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