Czech Republic

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.

Czech July inflation at its highest level since mid-2020

bne IntelliNews August 12, 2021

Czech consumer prices increased by 3.4% year-on-year in July, the highest figure since July last year, driven by higher prices in transport (by 18.5%) up by 0.6 percentage points (pp) month-on-month.

US NortonLifeLock to buy Czech anti-virus company Avast in $8bn deal

bne IntelliNews August 11, 2021

Deal to create global cybersecurity giant listed on Nasdaq.

Czech industrial input continues to increase in June

bne IntelliNews August 10, 2021

Czech industrial production increased by 11.4% year-on-year and by 1% month-on-month in June, according to the latest data from August 6 released by the Czech Statistics Office. The value of news orders went up annually by 22.8%.

Czech central bank hikes interest rates again

bne IntelliNews August 5, 2021

The CNB increased its two-week repo rate by 25 basis points to 0.75%, underpinned by a new macroeconomic forecast.

Erste Group revises upwards CEE region’s 2021 growth outlook

bne IntelliNews August 2, 2021

CEE lender cites region’s outstanding resilience during the pandemic and the expected positive impact from the EU’s recovery fund.

Czech industry ministry signs memorandum to back country's first EV battery plant

bne IntelliNews July 28, 2021

€2bn battery factory to be built by state-owned utility CEZ with Germany's VW or South Korea's LG.

bneGREEN: EU takes carbon pricing initiative with CBAM

bne IntelliNews July 27, 2021

The EU on 14 July unveiled the details of its proposed Carbon Border Adjustment Mechanism, which aims to protect EU CO2 emitters from carbon leakage by making exporters to the EU market pay for the CO2 they produce.