Czech Republic
Czechia has sent military materiel worth €300mn to Ukraine since Russia’s 2022 invasion
But government faces criticism for not doing enough to cut the amount of Russian energy imports since the invasion.
Central European countries least likely in the EU to prioritise climate change
Stark contrast with Southern Europe, where around half of respondents from Bulgaria, Romania and other countries fear they will have to relocate to escape climate crisis, EIB survey shows.
Slovak gas distributor SPP concludes pilot deal with Azerbaijan's SOCAR
SPP is looking at options to replace Russian gas brought by pipeline across Ukraine.
PPF mulling bid for United Group's telecom assets in Southeastern Europe
United Group’s telecoms assets in southeastern Europe have been put up for a potential sale.
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Czech inflation accelerates to 2.8% y/y in October
Czech consumer prices (inflation) increased by 2.8% year on year and by 0.3% month on month, accelerating from the 2.6% rise in September. The development came as largely expected by local market analysts.
IMF: How to awaken Europe's private sector and boost economic growth
In the European Union, income per person, one of the main gauges of living standards, is on average one-third less than in the United States, mostly because of lower productivity—as emphasised by Mario Draghi’s Sept. 9 competitiveness report.
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Czech unemployment inches down to 3.8% in October
Unemployment in Czechia inched down to 3.8% in October, a level it has oscillated around in recent months – 3.9% in September and 3.8% in August and July. It is the second lowest unemployment level in the EU.
COMMENT: Political, economic and security headaches Trump Europe’s mounting problems
The re-election of Donald Trump as US President could become a major headache for Europe that is already struggling to keep its head above recessionary water.
EU leaders gauge impact of Trump’s return at Budapest ECP summit
French President Emmanuel Macron urged Europe to embrace "strategic autonomy" in the wake of Trump's victory, advocating for a Europe less reliant on American military protection.
Erdogan urges full inclusion of Turkey in EU defence efforts
With second largest land forces in Nato, Ankara may have an ace in efforts to join European bloc if Trump takes US on isolationist path.
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Czech National Bank cuts interest rates by 0.25bp to 4%
CNB forecasts GDP growth of 1% this year and 2.4% next year, down on the previous forecast of 1.2% and 2.8% growth.
Germany's industry back to contraction in September
Germany's industrial sector slipped back into decline in September, with output retreating by 2.7% month-on-month, Oxford Economics reports on November 7.
VISEGRAD BLOG: Central Europe's populists clamour to applaud Trump's victory
Hungarian Prime Minister Viktor Orban is set to parade his support for Trump at the European Political Community meeting in Budapest on November 7-8.
MOSCOW BLOG: The EU loses its appeal
One of the salient points is that would-be members have never been interested in the “values” part of the deal and see the need to adhere to them simply as an annoyance that has to be tolerated if you want access to the transformation grants.
MOSCOW BLOG: The EU loses its appeal
After the collapse of the Soviet Union the only thing almost all the former republics and vassal states wanted to do was join the European Union. It was a no brainer. Not any more. A growing number of countries have cooled on joining the EU.
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Czech economy grew by 1.3% in Q3
Household expenditure makes up for weakness in investment.
INTERVIEW: Draghi report recommendations could lift eastern EU members’ economies, says EBRD chief economist
Central and Eastern Europe have achieved spectacular growth over the last 30 years, but those sources of growth have been depleted, Beata Javorcik told bne IntelliNews.
Czech antitrust authority halts South Korean nuclear deal amid patent disputes
UOHS places temporary hold on €16bn contract to construct two nuclear reactors awarded to KHNP in July.
TAL pipeline expansion nears finish, offering Czech Republic a future free of Russian oil
The project aimed at replacing Russian crude is being achieved in “an incredibly short period”, the CEO of the Czech Republic’s state oil pipeline operator told NewsBase.
Czech Airlines dispatches its last flight, ending 101 years of company history
Czech Airlines is now incorporated into local operator Smartwings.