Czech Republic

More than 250,000 gather in Prague for anti-government protest

Nelly Tomcikova in Prague June 24, 2019

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.

CEE states block EU ambitions to go carbon neutral by 2050

Wojciech Kosc in Warsaw June 21, 2019

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.

Czech energy company CEZ exits Bulgaria, faces a lawsuit from the Pirates at home

bne IntelliNews June 21, 2019

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.

Demographic “tipping point” imminent for CEE labour markets

Clare Nuttall in Glasgow June 17, 2019

The ‘tipping point’ at which labour demand will become equal to labour supply is just two years away in the Czech Republic, Lithuania and Poland, says a new study from wiiw.

CEE monthly bond wrap: bond issues in CEE sharply down, Russia sharply up

Ben Aris in Berlin June 17, 2019

Bond issues in Central and Eastern Europe in May were down steeply on previous years to a total of $3.1bn from six issues, but they were up in Russia and the CIS to $1.1bn from four issues, albeit from a low base.

Revenues of Czech top 100 companies top CZK3bn for the first time in 2018

bne IntelliNews June 14, 2019

The combined revenues of the hundred most successful Czech companies topped CZK3bn (€116.5mn) for the first time ever in 2018 after their profits increased by 12.3% year-on-year to CZK210bn (€8.2bn), the Czech News Agency reported on June 11.

Bulgaria, Czechia and Slovenia picked to host European supercomputing centres

bne IntelliNews June 9, 2019

Aim is to make Europe a top supercomputing power globally through €840mn project.

Growth of Czech retail sales for food the highest in the past 16 years

bne IntelliNews June 6, 2019

Czech retail sales, non-adjusted for calendar effects, accelerated to 6.9% year-on-year in April from 4.3% in March, mostly due to a 10% increase in food sales, the most y/y in the past 16 years, significantly influenced by the Easter holiday, based

Prague rocked by the biggest protests for democracy since 1989 demanding Prime Minister Andrej Babis's resignation

Nelly Tomcikova in Prague June 6, 2019

Wenceslas Square in the heart of Prague, a symbol of the fall of communism in 1989, hosted the biggest protests in the history of independent Czech Republic on June 4, as crowds demanded the resignation of Prime Minister Andrej Babis (ANO).

Czech startup sold to US fund General Atlantic

bne IntelliNews June 6, 2019

The Brno-based startup sold a 51% stake to General Atlantic for a reported €116mn.

Czech PM Andrej Babis might face trial over conflict of interest, 100,000 protest in Prague

Nelly Tomcikova in Prague June 4, 2019

Billionaire populist Babis is accused of using his political office to channel EU funds into one of his own companies. The scandal has sparked the biggest protests since the 1989 revolution.

Most Czechs still don't want to adopt the euro

bne IntelliNews June 4, 2019

Three-quarters of Czechs are against the adoption of the euro, according to the recent research published by the Czech Public Opinion Research Centre (CVVM) on May 31.

Czech beer company Plzensky Prazdroj records the highest sales in its history in 2018

bne IntelliNews May 28, 2019

Czech beer company Plzensky Prazdroj sold a record 11.5mn hectolitres of beer in 2018 in the Czech Republic and abroad, up by 4% year-on-year. Sales abroad stood at 4.3mn hectolitres, up by 4.5% y/y, the highest number in the company's history, accor

Ibizagate: Intentional and unintentional consequences of the government crisis in Austria for (Eastern) Europe

Gunter Deuber of Raiffeisen Research in Vienna May 28, 2019

The coalition between Austria’s conservative-liberal ÖVP and the right-wing populist FPÖ has been viewed very critically in Austria and abroad since it was formed in December 2017. It has also been an issue for the Eastern European bloc

Czechia sends representatives of populist ANO, neo-fascist SPD and Communists to European Parliament

Nelly Tomcikova in Prague May 28, 2019

Czech voters sent representatives from the ruling ANO party, fascist and communists to the European parliament at the European Union (EU) elections at the weekend.