Czech Republic

European Commission approves merger of Poland’s PKN Orlen with peer Grupa Lotos

Wojciech Kosc in Warsaw July 14, 2020

Poland's two refining companies to merge to create a “multinational company with a global reach”, government officials say. PKN Orlen lines up its next merger, with oil and gas company PGNiG.

Czech industrial production down by 25% y/y in May, up 13.8% m/m

bne IntelliNews July 8, 2020

May production revived after being dragged down by shutdowns at the Czech Republic's main car factories in April, but the overall increase was softer than expected.

Czech mining group OKD to shut down its mines for six weeks

bne IntelliNews July 6, 2020

State-owned hard coal mining group closed all its mining operations to mitigate a COVID-19 outbreak.

Czech PM Babis earned "pocket money" of €3.4mn from Agrofert in 2019

bne IntelliNews July 2, 2020

Compulsory income declaration shows money Babis received from the company at the heart of an EU subsidies scandal.

InoBat Auto raises €10mn from CEZ for EV battery facility

bne IntelIiNews July 2, 2020

Funding will be used for InoBat Auto’s €100mn EV battery R&D facility and production line as it prepares to become the first European supplier of customised EV batteries.

Czech PMI slightly up in June but still under 50-point threshold

bne IntelliNews July 1, 2020

he Czech manufacturing sector showed signs of the downturn reversing in June, but the boost to output seemed to come largely from the processing of backlogs, IHS Markit said.

Economic sentiment in CEE picks up in June, but still deeply depressed

bne IntelliNews June 29, 2020

The economic sentiment indicators started to pick up again in June across Central and Eastern Europe (CEE), but there are big differences between the countries as they start to recover from the coronacrisis at their own speeds

Leading Czech aviation specialist turns to high-tech respirator production

Ben Aris in Berlin June 26, 2020

It's a sort of coronacrisis-inspired version of the swords to ploughshares story. WPA, the Czech Republic’s leading aircraft component supplier, has turned its high-tech production skills to producing high-quality respirators

Czech computer games companies posted 20% increase in sales in 2019

bne IntelliNews June 24, 2020

The gaming industry in the Czech Republic employs more than 1,750 people, and dwarfs the country's film and television sector.

VISEGRAD BLOG: Returning migrants but no COVID baby boom for emerging Europe

Clare Nuttall in Glasgow June 23, 2020

What does the coronavirus pandemic mean for the region's dismal demographics?

Top Czech officials go on the offensive over European Parliament criticism of PM Babis

bne IntelliNews June 22, 2020

The European Parliament condemned Babis' active involvement in implementing the EU budget while still allegedly controlling Agrofert, one of the largest beneficiaries of EU subsidies in the Czech Republic.

Global pandemic is boon for ESG funds, outperforming their brown peers

Ben Aris in Berlin June 22, 2020

The coronavirus (COVID-19) pandemic has been a boon for environmental, social and governance (ESG) funds, 85% of which are now outperforming their non-ESG peers, according to a paper released by the Institute of International Finance (IIF)

Slovak investment fund Sandberg Capital bought stake in Czechia's fastest-growing cloud service company

bne IntelliNews June 21, 2020

Sandberg's investment manager Jakub Krajcovic says he believes the business area has "huge potential" and the fund plans to focus on it more deeply.

VISEGRAD BLOG: The COVID-19 pandemic may actually strengthen Central and Eastern Europe's position in Europe

Marek Belka and Piroska Nagy-Mohácsi of the LSE June 16, 2020

The COVID-19 pandemic may actually strengthen Central and Eastern Europe in relative economic terms to the rest of Europe, argue Marek Belka and Piroska Nagy-Mohacsi (LSE), with Poland being one of the big winners

Russia expels two Czech diplomats in tit-for-tat move

bne IntelliNews June 15, 2020

Reciprocal diplomat expulsions after Prague accused the Russian Federation of interfering in Czech internal affairs and attempting to poison Czech public officials.