Czech Republic
bneGREEN: Coal investment remains major threat to green dream
An 8% rise in global energy investment in 2022 to $2.4 trillion, driven by a 12% rise in clean energy spending, is still far from enough to tackle the energy crisis and to put the world on the path to a greener and more secure energy future.
Last meeting of old Czech central bank board hikes base rate to 7%
Outgoing Governor Jiri Rusnok steers through 1.25pp hike to curb inflation, which reached 16% in May.
CEE inflation spreading across whole region, set to last for years
Inflation is being driven up by the food crisis and disrupted supply chains, first during the pandemic and now due to the war in Ukraine, leading to fears of stagflation for the whole world.
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Prague council corruption case rocks Czech political scene
Heads roll and opposition parties demand ejection of STAN party from the government after kickbacks scandal.
World hit by interest rate and inflation shock says IIF
The world’s economy is being hit by an inflation and interest rate shock that shows no sign of abating, Institute of International Finance (IIF) said in a recent paper.
Czechia to appeal €625mn international arbitration award over cancelled blood plasma contract
Diag Human wins investment protection treaty claim in 30-year-old case.
ASH: Welcome to the new age of inflation
The debate around inflation is centre-stage at present, with headline and PPI inflation soaring globally in response to a range of factors but including climate change/transition and Covid-related supply disruptions.
Ukraine set to dominate Czech EU presidency
Government presents five key priorities for its rotating presidency of the EU, which begins on July 1.
NEMETHY: The world continues to hurtle towards recession and potentially financial crisis
There is a widespread feeling of ‘business as usual’. There is very little sense of impending doom. This confidence is misplaced.
Czech inflation rate in May posts another record
Consumer price index increased by 16% y/y from 14.2% posted in April.
Bulgarians most sceptical in EU about euro adoption, Eurobarometer poll says
54% of Bulgarians don't want their country to switch to the euro, despite plans to enter the eurozone in January 2023.
bneGREEN: UN stresses green issues are key to reducing poverty and boosting sustainability
Maintaining a healthy planet and ensuring prosperity for all requires a renewed emphasis on reducing environmental impact, sustainability and changing the way the current economic system works.
bneGREEN: Europeans set higher decarbonisation targets to rescue continent’s security
A total of 19 European governments have accelerated their decarbonisation policies in response to a combination of the COVID-19 pandemic, the gas crisis and Russia’s invasion of Ukraine.
bneGREEN: EU to use €2.4bn of carbon credit cash to fund green projects in CEE
The EU’s Modernisation Fund is to provide €2.4bn raised from the proceeds of the EU Emissions Trading System (ETS) to seven Central and East European countries to help them meet their 2030 climate and energy targets
bneGREEN: Energy efficiency: a central pillar of meeting green targets
Energy efficiency must play a central role in meeting the world’s emissions reduction and renewable energy targets.
Global red warning lights are flashing as stagflation looms
The conflict in Ukraine and high inflation threaten the global economy with stagflation similar to that experienced in the 1970s, according to a new World Bank forecast.
Czech unemployment further down to 3% in May
Seasonal jobs will continue to be advertised in the coming months, which means the unemployment rate could fall even further.
Czech president appoints more dovish central bank board members
Zeman appoints three new board members – replacing two that could have been reappointed – transforming the balance of central bank.
Czech industrial production down by 3.8% y/y in April
Manufacture of motor vehicles contributed the most to the drop in output, mainly as a result of the lack of components.
CONFERENCE CALL: Globsec basks in Putin's humiliation
In contrast to previous conferences of the Bratislava-based security think-tank, there was a feeling that the West is no longer on the back foot and that now is the time to press home its advantage.
