Czech Republic

ING: So what is a greenium and how do we get to it?

bne IntelliNews June 11, 2021

The existence of a "greenium" is mostly justified by higher demand for green bonds. We estimate the greenium for each curve separately, ensuring it is not polluted by other factors such as sector or maturity.

Merger between Moneta Money Bank and Air Bank in trouble after proxy firms come out against

bne IntelliNews June 11, 2021

Proxy voting firms Glass Lewis and Institutional Shareholder Services have recommended Moneta Money Bank shareholders vote against the acquisition of PPF´s Air Bank, Czech and Slovak Home Credit and Benxy.

COMMENT: Time to end Putin's impunity

Jeff Lovitt and Jan Piekło June 10, 2021

The price faced by Russia for aggression must be too high for the Kremlin to countenance, and this is the message that Biden should deliver to Putin – and act upon.

COMMENT: CEE national recovery and resilience plans – the focus, the gaps and what comes next

Otilia Dhand of Teneo June 10, 2021

Most CEE governments submitted their national plans after the deadline and two (Bulgaria and Estonia) are yet to finalise them.

bneGREEN: IEA calls for $1 trillion of annual investment into clean energy in developing economies

Richard Lockhart in Edinburgh June 9, 2021

Private finance is crucial if emerging economies are not to be left behind in the race to net zero, the IEA warns.

ING: The corporate premium in green finance

Padhraic Garvey is ING’s Regional Head of Research in New York, Benjamin Schroeder is a senior rates strategist at ING in Amsterdam June 9, 2021

There is a cost saving to issuing Green. It varies according to circumstances, but the baseline assumption now is for green yields to be below vanilla ones; not by much, but it's persistent enough.

bneGREEN: European Commission provides €1bn funding boost for 72 Green Deal research projects

Richard June 6, 2021

The European Commission has selected 72 research and innovation projects that will receive €1bn in funding to support the aims of the Green Deal.

Czech government survives no-confidence motion after Communists walk out

bne IntelliNews June 4, 2021

Stage now set for October general election, with opinion polls showing opposition coalitions will topple populist billionaire Andrej Babis.

Central Europe set for interest rate hikes, predicts Capital Economics

bne IntelliNews June 3, 2021

Central Europe is facing a prolonged period of higher inflation that is likely to lead to significant interest rate hikes.

bneGREEN: Surging iron prices are driving up carbon costs for the producers

bne IntelliNews June 3, 2021

Iron prices have surged to nine-year highs in the post-COVID commodities boom that got underway at the end of last year, but that is now pushing up the cost of carbon for producers and eating into their profits.

VISEGRAD BLOG: Czech vote of no-confidence could be a cliffhanger

Robert Anderson in Prague June 2, 2021

If the vote goes through, it will wound Prime Minister Andrej Babis and buoy the opposition before the October general election, adding to the sense of momentum that the opinion polls are already showing.

Czech former president Vaclav Klaus reportedly secretly sent a loan to Soviet Union after revolution

bne IntelliNews May 26, 2021

Former Czech president Vaclav Klaus has denied he allegedly fulfilled a loan contract agreed by the head of the Czech Communist government, Ladislav Adamec, with the Soviet Union before the Velvet Revolution.

bneGREEN: GECF rejects IEA call to end upstream investment

bne IntelliNews May 23, 2021

The Gas Exporting Countries Forum (GECF) has rejected the findings of the IEA report released last week, instead projecting that gas will increase its share in the global energy mix to 28% from 23% today.

bneGREEN: The EU’s Green Deal: Putting a carbon price on imports

Richard Lockhart in Edinburgh May 22, 2021

The EU’s journey to net zero threatens a carbon price war with its trading partners

Prime Minister Andrej Babis launches ´pilot project´ to test EU rules on his conflict of interest

bne IntelliNews May 19, 2021

The Czech state plans to ask Brussels to reimburse the subsidies it has paid to Babis' companies. If the Commission refuses, the government can then go to the European Court of Justice.

bneGREEN World needs immediate and massive deployment of green tech to fight climate change

Richard Lockhart in Edinburgh May 19, 2021

World needs immediate and massive deployment of green tech to fight climate change, warns IEA in its latest report.

Regional winery Purcari invests in online wine retail platform

bne IntelliNews May 17, 2021

Bucharest-listed Purcari bought a 10% stake in, a fast-growing online retailer of wines.

DATACRUNCH: the bne car ownership/age index

bne IntelliNews May 16, 2021

bne IntelliNews has introduced a new index, the bne Car Ownership/Age index (bneCOR), that cuts through the contradictions and paints a much clearer picture of just how far the middle class has come in each country.

LONG READ: The first thing the emerging middle classes of New Europe do is buy a better car

bne IntelliNews May 14, 2021

A middle class is emerging in New Europe but to get a handle on how far the process has gone and what the differences are between each country bne IntelliNews took a look at the icon of middle-class status: car ownership.

EU turns down Czech request for bloc-wide expulsions over Vrbetice case

bne IntelliNews May 12, 2021

Czech government suffers diplomatic setback as Josep Borrell rules out escalating tensions with Moscow.