The boom Central and Eastern Europe has been enjoying for the last four years has reached its peak as countries in the region start to run up against their structural limits.
Czechia’s economic growth decelerated to 2.3% year-on-year in the second quarter of 2018 from 4.2% growth in the first quarter as the economy runs up against its structural limits, the Czech Statistics Office (CSU) said on August 14. The main reason
Colliers International warns of limitations to GDP growth and a threat of recession if the labour force squeeze caused by low unemployment and high emigration continues.
Tens of thousands of LGBT activists attended the Prague Pride festival at the weekend while the Czech Republic parliament grapples with a same-sex marriage law
In July, the CPC ruled that the highly controversial sale of CEZ's assets to local firm Inercom could not be completed as it would give the buyer excessive power on the photovoltaic electricity market.
Rate increase to 1.25% was expected due to strong wage growth, a weaker koruna than anticipated, and inflation exceeding the CNB target of 2%.
As the property boom in Central and Eastern Europe continues, investors are looking for new and lucrative niches to target. Except in Poland, the student accommodation segment has barely been exploited in the region but it has high potential.
Czech utility CEZ is likely to have to seek a new buyer after its original deal to sell assets that include one-third of Bulgaria’s electricity distribution to a small local firm was blocked by regulators.