Czech Republic
CEE boom passes peak
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.
Czech GDP decelerated to 2.3% in 2Q18 as the economy hits its 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
Acute labour shortages limit GDP growth in CEE countries
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.
LGBT Prague Pride supporters march as parliament debates same-sex marriage laws
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
Czech CEZ reportedly sues Bulgaria over banned asset sale
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.
CNB hikes rates by 0.25 pp in first back-to-back increase in 11 years
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%.
BRICKS AND MORTAR: Student accommodation no longer a neglected niche
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.
CEZ mulls selling Bulgarian assets to India Power Corporation
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.