The Chinese financing company Touchstone Capital Partners is providing €15bn funding for the project that will become part of Beijing's Belt and Road initiative to link Asia with Europe.
Investment funds recorded a record outflow of capital in June as households ploughed their savings to the new Map Plus retail bonds, which offer the highest returns at all stages of maturity.
Consumer lender majority owned by Czechia's richest man Petr Kellner mulls Hong Kong listing that could raise more than $1bn.
For the first time pride participants were able to march without police cordons, while a group of counter protesters was kept away from the march by police.
The Russian Ministry of Transport unilaterally banned Czech airlines Ceske Aerolinie (CSA) from flying over Siberia on the Prague-Seoul route prompting Czechia to ban Russian flights to Prague
The biggest banks in the Czech Republic, Ceská Sporitelna, CSOB bank, Komercni Banka and UniCredit bank confirmed that they are ready to invest up to CZK7bn (€274.9mn) in the National Development Fund
Hungary wins yet another investment amidst stiff competition, bringing it one step closer to an annual HUF10 trillion in automotive industry production, he added.
PNB, earlier named Norvik, was at the centre of the controversy that embroiled Latvia’s central bank governor Ilmars Rimsevics in early 2018 and which has continued to haunt Latvia since.
The decision has split the Council down the middle. Almost all of the western European members voted overwhelming to allow Russia back in. However, countries close to the Russian border voted against readmission.
New loan significantly simplifies the company’s previous financing arrangements, securing funding of its industrial portfolio over the mid-term.
Foreign investors find it "extremely difficult" to find an available and qualified labour force in the Czech Republic, which discourages them from investing, says EY M&A specialist.
German energy company E.ON offered to sell several assets to overcome the concerns of the European Commission over its bid for competitor Innogy’s network and retail assets.
Poland dropped the contested changes in December, but the European Commission pressed on with the case to enshrine in the EU’s legal order that any member state’s tinkering with the independence of the judiciary must be contained.
A series of protests against the Czech Prime Minister Andrej Babis and his minority government culminated on June 23 with the biggest mass protest in Prague since the Velvet Revolution in 1989. More than 250,000 people gathered on Letna plain.
A group of Eastern European member states said no to a carbon neutrality goal without guarantees that the cost of reducing emissions is offset to lessen the impact of the transition on their economies.
The Czech state-owned energy company CEZ Group sold its assets in Bulgaria to the local Eurohold company for €335mn after an earlier deal was blocked by regulators.