Czech Republic

Czech president released from hospital after alleged convalescent stay

bne IntelliNews September 24, 2021

Milos Zeman´s health is all the more important now when the general elections are approaching, as it is the president who nominates the head of the winning party to form a new government.

COMMENT: Risk premiums in Central Europe during the COVID era do surprisingly well

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors September 23, 2021

In times of crisis there is a fight to quality by bond traders who are keen to reduce their risks. However, in this crisis the countries of Central Europe have done surprisingly well thanks to ECB support.

bneGREEN: Greenwashing: regulators flex muscles as the market remains in flux

Richard Lockhart in Edinburgh September 22, 2021

Defining a green investment is crucial to boosting the expansion of renewable energy and preventing the mis-selling of investments by so-called greenwashing, whereby the environmental impact of a product is misrepresented.

European Commission refuses Czech request to delay PM's conflict of interest case till after the election

bne IntelliNews September 22, 2021

The European Commission is currently not reimbursing the Czech state for subsidies given to Agrofert and has threatened to stop reimbursing Czech spending on wider EU subsidies until the government clarifies its policy.

Polish government outraged by CJEU fine over lignite mine

Wojciech Kosc in Warsaw September 22, 2021

Poland fined €500,000 per day for failing to abide by order to halt the Turow lignite mine’s operations immediately.

Car production in Czechia falls by 39% during summer

bne IntelliNews September 20, 2021

Both car producers Skoda Auto and Toyota had to extend their traditional summer shutdowns due to lack of chips.

bneGREEN: Global coal plans collapse by 76%

By Richard Lockhart in Edinburgh September 16, 2021

The global pipeline of proposed coal power plants has collapsed by 76% since the Paris Agreement in 2015, bringing the end of new coal power construction into sight, new research by green think-tank E3G finds.

bneGreen: Finland’s Betolar develops green cement as construction races to decarbonise

Richard Lockhart in Edinburgh September 15, 2021

Finland’s Betolar is pioneering the production of low-carbon cement by using alternative industrial waste products in a process that could reduce CO2 emissions by up to 80%.

INTERVIEW: Benjamin Roll, Czech protest leader

Robert Anderson in Prague September 14, 2021

Million Moments chairman says his protest movement is ready to take centre stage again as Prime Minister Andrej Babis chases re-election next month.

Czech inflation in August up to its highest level since November 2008

bne IntelliNews September 13, 2021

Czech inflation rose to 4.1% year-on-year in August, the highest since November 2008, up by 0.7 percentage points.

GLOBSEC: No debt ratio is safe for small EU countries

Ivan Šramko and Sona Muzikarova September 10, 2021

Targeted EU fiscal rule reform is desirable but should consider the inherent risks for smaller member states.

bneGreen: Meat’s animal-free future

Clare Nuttall in Glasgow September 8, 2021

Startups in emerging Europe developing alternative proteins are part of a growing movement aimed at helping to fight climate change and feed the world’s expanding population.

Czech unemployment down to 3.6% in August

bne IntelliNews September 8, 2021

The figure is down from 3.7% in July and by 0.2 percentage points year-on-year, making it the lowest among EU members.

Czech industrial production grows 7% in July

bne IntelliNews September 7, 2021

But complications in the supply of raw materials and necessary components may lead to production fluctuations in the coming months and hamper overall growth.

EV market may create copper deficit

Dimitri Frolowsckii of Neo September 3, 2021

Auto fleets' shift to electric vehicles in a global drive to cut carbon emissions will involve a drawdown on copper that could transform markets, and spur additional supply.

Czech GDP up by 8.2% y/y in 2Q21

bne IntelliNews September 1, 2021

Quarter-on-quarter, Czech GDP increased by 1% in 2Q21, mainly due to a growth in final consumption of households and in gross fixed capital formation.

Czech president claims he and his advisors were wiretapped by counterintelligence services

bne IntelliNews August 24, 2021

Zeman reportedly made sacking of BIS chief a condition for continuing to give Babis his support during upcoming general election.

Slovak investor Krupa found guilty by US court of harassing Czech billionaire Bakala

bne IntelliNews August 20, 2021

Controversial Slovak activist investor hired demonstrators by Crowds on Demand presenting themselves as civic activists fighting to 'defend the Czech OKD miners'.

Central European economies bounce back from the pandemic

bne IntelliNews August 18, 2021

Poland, Hungary and Slovakia have already surpassed their end 2019 GDP levels.

Czech president blasts Nato as government comes under fire over evacuations from Afghanistan

bne IntelliNews August 18, 2021

Milos Zeman calls on the country to focus on national defence rather than "wasting money" on the military alliance.