Czech Republic
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Czech inflation confirmed at 2.9% y/y in June
Consumer price growth (inflation) in Czechia reached its highest level this year after the country’s statisticians confirmed inflation increased by 2.9% year on year, and by 0.3% month on month.
Slovakia blocks latest round of EU sanctions against Russia
Slovakia nearly eradicated Russian gas imports during the winter of 2022-23, but imports spiked following the return of the Fico-led government.
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Czech unemployment stays at 4.2% in June
Czech unemployment level stayed at 4.2% in June, where it eased to in May by one percentage point on the 4.1% registered in April.
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Czech industrial output slightly accelerates to 2.2% y/y in May
Czech industrial output increased by 2.2% year on year and fell by 1.6% month on month in May.
Earth experiences steady stream of heat records - Statista
Heat records have become commonplace in meteorological record-keeping, while new cold records have become few and far between, Statista reports.
Czech power grid suffers major power cut
A large-scale outage struck the Czech Republic’s electricity grid on July 4, temporarily cutting power to several regions, in what the country’s transmission system operator described as a rare and significant disruption.
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Czech PMI rises above 50 for the first time in over three years
Czechia’s manufacturing PMI index, compiled monthly by the S&P Global market intelligence company, posted 50.2 in June, returning above the 50-point mark separating growth and decline for the first time in over three years.
Emerging Europe growth resilient despite global risks, wiiw says
Economies across Central, Eastern and Southeast Europe are set to maintain solid growth in 2025 and 2026 but face downside risks from Middle East tensions, the war in Ukraine and US trade policy.
EU eyes new Asian trade alliances to offset US trade war risks
European Commission President Ursula von der Leyen is pushing for closer ties with Asia as part of a new EU trade strategy to offset the growing trade war risks with the Trump administration and reforming the global trade system.
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Czech statisticians improve GDP estimate to 2.4% Q1
Czech gross domestic product increased by 2.4% year on year and by 0.7% quarter on quarter in the first quarter of this year, following a revision by the Czech Statistical Office on the previously published 2.2% y/y and 0.8% q/q.
Europe swelters in historic heatwave
Record-breaking temperatures for the time of year are likely to occur across a large part of western Europe in the coming days as a historically unprecedented heatwave intensifies.
Czech real estate tycoon Vitek is reportedly mulling sale of his CPI empire
CPIPG is one of the largest real estate groups in Central Europe, with assets in all the V4 countries and Germany.
Czech court rules against French EDF in Dukovany nuclear tender lawsuit
The regional court in Czechia’s second-largest city, Brno, has rejected the lawsuit of the French Électricité de France filed against the previous ruling of the Czech antitrust office ÚOHS.
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Czech National Bank keeps rates at 3.5%
The Czech National Bank has kept the main interest rate at 3.5% following a unanimous decision at the monetary board meeting on June 25. The decision was widely expected.
Global uncertainty causes FDI to plummet in Emerging Europe
wiiw research blames crisis in German industry and the uncertainty surrounding Donald Trump’s second term as US president for sharp slowdown in FDI.
Proposed defence spending hike to 5% of GDP exposes divisions among Nato members
Russia hawks in Poland and the Baltic States are firmly behind plan to increase defence spending to 5% of GDP, while other members question new target.
Czech Supreme Court cancels acquittal of populist leader Babiš in EU subsidy fraud
The Czech Supreme Court in Prague has cancelled the acquittal of Czech populist leader and billionaire ex-Prime Minister Andrej Babiš and his ex-manager and MEP, Jana Nagyová, over the alleged €2mn Stork's Nest subsidy fraud.
Czech cabinet survives no-confidence vote filed over bitcoin scandal
The Czech centre-right cabinet of Prime Minister Petr Fiala survived the no-confidence vote filed by the opposition parties over the scandal involving the bitcoin donation of CZK1bn (€40mn) to the Ministry of Justice from a sentenced drug dealer.
Who hold the most gold reserves?
In 2025, gold prices reached unprecedented levels, with spot gold trading at above $3,932 per troy ounce as of May 7th, an increase of over 83% within just a year.
US resists EU and UK push to cut Russian oil price cap at G7 summit
The US is resisting calls from European governments to reduce the G7 price cap on Russian oil from $60 to $45 per barrel, frustrating efforts by the EU and UK to increase financial pressure on Moscow as leaders meet for a G7 in Canada.