Czech Republic

wiiw slashes Emerging Europe growth forecasts for 2022 and 2023

bne IntelliNews January 27, 2022

Turkish growth is expected to slow to 3.5% this year, from a forecast 9.5% in 2021, while for Russia, GDP growth is forecast to slow to 2% from 4.5%.

Emerging Europe M&A soars by 55% to €94bn in 2021

bne IntelliNews January 26, 2022

Dealmaking returns to pre-pandemic levels as confidence recovers and low interest rates and big cash piles push up valuations.

NEMETHY: Is monetary tightening the cure for inflation?

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors January 26, 2022

The US Fed has not increased interest rates, just talked of increasing rates – not even by that much — and global stock exchanges lost $4.2 trillion in week. How can the Fed kill off the current high inflation without crashing the economy?

Czechia and Slovakia lagging behind European average in fighting corruption, says Transparency International

bne IntelliNews January 26, 2022

Slovakia rises four places to 56th under new government, while Czechia remains stuck on 49th after Babis government's 'unfulfilled promises'.

Komarek's lottery operator Allwyn Entertainment to enter NYSE

bne IntelliNews January 24, 2022

Czech billionaire's lottery company expected to be valued at around $9.3bn.

Poland’s largest drug maker Polpharma reportedly in talks to take over Czechia’s Zentiva

bne IntelliNews January 21, 2022

Advent International, which bought Zentiva for €1.9bn in 2018 is reportedly considering selling the generic drugmaker for €3.5bn.

#bneGREEN: Czech real estate group CPI issues CEE's first sustainability-linked bonds in real estate

bne IntelliNews January 20, 2022

The sustainability-linked bond issue worth €700mn has an annual coupon of 1.75%.

OUTLOOK 2022: Central Europe and the Baltic states

Robert Anderson in Prague January 17, 2022

Central Europe faces a critical year, with a key election in Hungary in April, while rumbling political instability in Poland and Slovakia could lead to early elections.

bneGREEN: Institutional Investors Group on Climate Change urges EU to keep gas out of green taxonomy

Richard Lockhart in Edinburgh January 15, 2022

A group of sustainable investors has urged the EU to exclude gas from the new the EU Taxonomy green investment classification system.

Czech inflation rate up to 6.6% in December

bne IntelliNews January 13, 2022

Central bank predicts consumer price growth will be around 9% in January.

bneGREEN: New Czech government plans to exit coal by 2033

bne IntelliNews January 12, 2022

Environmental groups argue new target is still not ambitious enough, and attack government's proposals for building more nuclear power capacity and expanding motorways.

PPF still has the deal-making mojo after death of founder Petr Kellner

Robert Anderson in Prague January 11, 2022

New CEO Ladislav Bartonicek is reported to be selling Home Credit Russia as part of the investment group's shift to more mature markets.

Sistema reported to be close to buying PPF's Russian Home Credit Bank

bne IntelliNews January 11, 2022

Sistema's Mobile TeleSystems mobile operator has been building up strong banking and fintech verticals after the incorporation of MTS Bank.

Czech industrial output increases by 1.6% y/y in November

bne IntelliNews January 10, 2022

Month-on-month, industrial output increased by 4.9% in November.

bneGREEN: Brussels labels both gas and nuclear as green

bne IntelliNews January 5, 2022

Commission says there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly renewable-based future.

CEE banking: As good as it gets in (post-) crisis times and the challenging geopolitical environment

Gunter Deuber in Vienna December 20, 2021

Western European banks have made double-digit increases in the growth of their credit exposures to the CE/SEE region in the past 12-18 months.

bneGREEN: Gas and nuclear still in the running to be included in EU green taxonomy

Richard Lockhart in Edinburgh December 17, 2021

The EU is set to make a final decision on December 22 on whether to include nuclear power and natural gas in its green taxonomy.

PROFILE: Petr Fiala, new Czech prime minister

Robert Anderson in Prague December 16, 2021

ODS leader has defied sceptics not just by winning the October general election but also by besting the country’s domineering president.

bneGREEN: Brussels outlines ambitious plans for hydrogen, methane use in bid to strengthen gas market

Richard Lockhart in Edinburgh December 15, 2021

The European Commission has published a draft bill to promote the use of hydrogen and biomethane across Europe, and to strengthen the resilience of the gas system after months of volatile gas prices and supply worries.

President Zeman agrees to all new Czech government ministerial appointments

bne IntelliNews December 14, 2021

President climbdown on vetoing foreign minister gifts Prime Minister Petr Fiala first victory in what is likely to be a long tug of war.