Czech Republic

Developed European markets gain more benefits from globalisation than their emerging peers

bne IntelliNews June 18, 2018

Slovenia is the only East European country among the top 10 in terms of gains to GDP per capita due to globalisation, a study from German foundation Bertelsmann finds.

Czech Social Dems say "yes" to coalition government with Ano, but hurdles remain

Jaroslav Hroch in Prague June 18, 2018

President Milos Zeman has already said he will refuse to appoint Miroslav Poche, who the CSSD put forward as foreign minister, raising questions of how much influence Zeman will have on the government.

Czech central bank tightens mortgages rules to pop the nascent housing bubble

Jaroslav Hroch in Prague June 13, 2018

The Czech National Bank (CNB) took aggressive actions to burst a potential real estate bubble before it gets too big on June 12 by increasing the banks capital buffer rate to 1.5% effective from July 1, 2019 and tightening mortgage lending policies

Czech PMI drops to eight-month low in May

bne IntelliNews June 5, 2018

CEE faces massive cuts in EU cohesion spending

Wojciech Kosc in Warsaw May 30, 2018

Warsaw says changes that will see Poland losing €19.5bn in EU funding in 2021-2027 are “unacceptable”, as Brussels shifts focus from GDP per capita to youth unemployment, climate and integration of migrants.

China's CITIC pays CEFC’s debt, will take over stake from J&T

Jaroslav Hroch in Prague May 27, 2018

Deal paves the way for J&T to return seized assets and call off the crisis management team it had installed at the troubled Chinese group's Czechia-based division.

Gazprom escapes EU fine in antitrust probe over market position in CEE

Wojciech Kosc in Warsaw May 24, 2018

The Russian gas giant will not be fined for abusing its market dominance in CEE after seven-year probe, but will have to comply with EU rules ensuring a more competitive gas market in the region.

None of the CEE countries planning to adopt the euro meet required criteria, EC says

Carmen Simion in Bucharest May 24, 2018

New member states from Southeast Europe are keen to become part of the EU's core by adopting the single currency, but latest convergence report shows they still have a way to go.

China's CEFC to fight takeover of Czech-based subsidiary by creditor J&T Private Investments

bne IntelliNews May 21, 2018

JTPI says it has installed crisis management at CEFC Europe because it failed to pay back its €450mn debt on time.