Czech Republic

Czechia expels 18 alleged agents from Russian embassy after accusing Kremlin of causing explosion

bne IntelliNews April 18, 2021

Attack on Czech arms cache in 2014 killed two and led to the evacuation of a wide area.

M&A hits €8.5bn in CEE in Q1, says Mergermarket

bne IntelliNews April 16, 2021

Trend towards bigger deals and more fund investment continues, as deal value rises by half to give best Q1 since 2013.

UEFA´s 'unfair' punishment of Czech football player raises furore among fans and politicians

bne IntelliNews April 16, 2021

Row demonstrates the wide gulf that exists between attitudes towards racist behaviour in Western Europe compared to the newer CEE member states.

wiiw raises 2021 CEE growth forecast to 3.8%

Robert Anderson in Prague April 16, 2021

But pandemic has delayed restart of convergence with Western Europe until 2023.

Czech foreign minister fired after failed bid for Social Democrat leadership

bne IntelliNews April 13, 2021

Struggling Czech Social Democrats sack liberal Tomas Petricek and reject alliance with Greens, in conservative shift before general election.

Czech premier fires third health minister since beginning of pandemic

bne IntelliNews April 8, 2021

Andrej Babis sacrifices another scapegoat as his government struggles to handle one of the worst COVID-19 epidemics in Europe and his poll ratings continue to slide.

CEE reels as third wave of COVID-19 breaks

bne IntelliNews April 3, 2021

A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.

IKEA’s New Europe Empire

bne IntelliNews April 3, 2021

Getting an IKEA store is a good guide to how developed a country is. And the Swedish furniture store has an uncanny knack for opening their yellow and blue stores exactly at the beginning of a country's rapid growth phase.

Air Bank poised to fly to top of Czech banking

Robert Anderson in Prague April 1, 2021

Merger with Moneta Money Bank still going ahead, says CEO of digital bank, despite death of owner Petr Kellner.

OBITUARY: Petr Kellner, Central Europe's great dealmaker

Robert Anderson in Prague March 29, 2021

Czech billionaire financier dies in helicopter crash, raising questions over the future of his diversified PPF Group.

Tender for Czech nuclear power plant Dukovany to be left to new government

bne IntelliNews March 29, 2021

This postpones any decision on whether to let Russia's Rosatom into the tender until after the October general election.

Impact of global chip shortage on carmakers spreading across Eastern Europe, Turkey and Central Asia

bne IntelIiNews March 26, 2021

Production plants forced into stoppages after pandemic-led surge in demand for electronics from locked down populations squeezes semiconductor supplies.

Czech car producer Skoda halves profit in 2020

bne IntelliNews March 25, 2021

VW subsidiary still manages to increase domestic and European market shares.

MITTELEUROPEAN INSIGHTS: Central and Southeastern Europe head for a V-shaped recovery

Gunter Deuber and Nicolae Covrig of Raiffeisen Research in Vienna and Bucharest March 19, 2021

The moderate GDP setbacks in 2020 imply that for some CEE countries there will not be such drastic recovery and rebound effects in 2021 as in hard-hit countries in Western Europe.

Home Credit plunges to €584mn loss in 2020

bne IntelliNews March 18, 2021

Czech-owned consumer lending group adapts to COVID-19 by shifting to smaller loans and pushing digitilisation.

Volkswagen in negotiation with Czech government on building e-car battery plant

bne IntelliNews March 18, 2021

Plan could also involve state energy group CEZ, which wants to use domestic lithium deposits.

Rising inflation in Emerging Europe poses dilemma for central banks

bne IntelliNews March 17, 2021

With economies primed to rebound as pandemic restrictions are loosened, consumer prices could rise even further, reawakening an issue that has long been ignored.

ING: Commodity supercycle calls grow

Warren Patterson Head of Commodities Strategy at ING in the Netherlands March 7, 2021

It has been an exceptional month for commodity markets, with growing inflation expectations increasing investor interest in the assets. Meanwhile, fundamental developments, particularly in the oil market, have only provided a further boost.

Czech president approaches China for Sinopharm vaccine

bne IntelliNews March 5, 2021

Czechia could be second EU country to use the Chinese vaccine, though health minister criticises initiative.

Czech online retailer Rohlik attracts €190mn from investors

bne IntelliNews March 4, 2021

The online food retailer entered the Hungarian market in 2019, Austria in December, and plans to launch online sales in Germany in the next few months.

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