Czech Republic

KYIV BLOG: EU finalises €5bn Ukraine Peace Fund contribution that will see little new money sent to Kyiv

bne IntelliNews March 18, 2024

EU ambassadors agreed to back a new €5bn Ukraine Assistance Fund on March 13, part of the EU's off-budget European Peace Facility (EPF) that is used to partially reimburse member countries for the weapons they provide to Ukraine.

Europe has €56bn shortfall to meet Nato 2% of GDP spending pledge

bne IntelliNews March 18, 2024

European nations within Nato are facing a €56bn shortfall in meeting the alliance's defence spending pledge of 2% of GDP this year, the Financial Times reported on March 16.

Poland revives ties with Berlin and Paris in push to help Ukraine

Wojciech Kosc in Warsaw. March 18, 2024

The underlying premise of the summit was to acknowledge that stopping Russia in Ukraine now will come at a much smaller cost than having to stop it later at the EU's gates.

Czech giga factory greenlighted by environmental organisations

Albin Sybera March 14, 2024

Czechia has one of the world's largest car-making industries per capita, but it is struggling to transition to electro-mobility without a battery plant.

Tusk schedules Ukraine summit with Macron and Scholz

Wojciech Kosc in Warsaw March 14, 2024

The so-called Weimar Triangle has sprung back to life under the Polish premier after an eight-year lull under the previous government of Law and Justice.

Ukraine becomes world's 4th largest arms importer, European imports soar

bne IntelliNews March 12, 2024

European arms imports were up by 94% in 2019-23, as Ukraine's allies send military aid while also arming themselves, says new SIPRI report.

Record Czech poll support for ANO as its leader adopts Kremlin-appeasing narrative

Albin Sybera March 12, 2024

Leaked emails reveals how former premier wanted to target foreign minister's family.

Czech unemployment remains at 4% in February

Albin Sybera March 11, 2024

The Czech unemployment rate remained at 4% in February, unchanged month-on-month. In year-on-year terms, it increased by 0.1%.

Closing gender gap in workforce could double global growth rate says World Bank

Clare Nuttall in Glasgow March 8, 2024

Countries in Central and Eastern Europe and Eurasia have a lower gender gap than the global average but only Latvian women have equal legal standing with men.

Czech president says finance for Ukraine ammunition secured

Albin Sybera March 8, 2024

Czech initiative to buy ammunition from third countries follows failure of EU to provide promised 1mn rounds from within the bloc.

Macron doubles down on idea of using Nato troops in Ukraine

Robert Anderson in Prague March 6, 2024

French president for a "strategic leap" in Western thinking on help to Kyiv.

Central Europe's top security conference moves to Prague amid pressure from Slovak cabinet

Albin Sybera March 6, 2024

Robert Fico's government is targeting Slovakia's strong roster of think-tanks, which he argues is part of the opposition campaign against him.

Slovak TV Markiza said to be scaling down politics in news

Albin Sybera March 4, 2024

The reported editorial changes allegedly follow pressure from the new left-right government of Robert Fico, who has labelled the station an "enemy media".

Czech PMI inches upwards in February

bne IntelliNews March 4, 2024

The Manufacturing Purchasing Managers’ Index (PMI) for Czechia, compiled by market intelligence company S&P Global, inched upwards in February to 44.3 amid some positive signs in the struggling manufacturing sector.

Czech lower house passes watered down legislation enhancing the rights of same sex couples

Albin Sybera February 29, 2024

Marriage for all staunchly opposed by the powerful conservative wing in the parliament.

Thailand's SCBX acquires PPF's Home Credit Vietnam business for €800mn

Juthatip Kumarn February 28, 2024

PPF founded Home Credit Vietnam in 2008, becoming the second largest player in the Vietnamese consumer finance sector.

Liberty Steel's financial crisis is just the latest blow for CEE's steel industry

Robert Anderson in Prague February 28, 2024

The woes of Liberty Steel's mills also reflect the struggle of former Communist Central and Eastern Europe’s once mighty steel sector to remain competitive.

Czech court maintains Liberty Ostrava's protection from bankruptcy

bne IntelliNews February 28, 2024

Liberty Ostrava has not been operating since December after its main energy supplier cut off power and went into bankruptcy.

Czech plan reportedly secures 800,000 pieces of ammunition for Ukraine

Albin Sybera February 28, 2024

Czechs use worldwide arms contacts to locate ammunition stocks which “for political reasons” the supplying countries won’t be able to deliver themselves.

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