Czech Republic

Is Armenia facing a colour revolution? Popular protests on the rise in Emerging Europe

Ben Aris in Berlin April 22, 2018

Whether or not the detention of opposition leader Nikol Pashinian proves enough to lop the head off the Armenian demonstrations, analysts will note yet another example of how ready people are across Emerging Europe to take to the streets.

CEE Equity Partners announces closing of second fund after $800mn pours in

bne IntelliNews April 19, 2018

Second China-CEE Investment Cooperation fund expected to grow to $1bn later this year after first closing on $800mn, and will expand investment focus to encompass healthcare, tourism, education and agriculture.

Cash-rich Penta to expand leading Czech pharma chain Dr.Max to China

Jaroslav Hroch in Prague April 18, 2018

Penta looks to long-term success in the world's second largest pharma market after making a record €245mn consolidated net profit in 2017.

Advent in direct talks to buy Sanofi's generics arm Zentiva

Jaroslav Hroch in Prague April 18, 2018

Private equity investor Advent International aims to turn Prague-based Zentiva into an independent European leader in generic drugs.

Czech media oligarchs add radio stations to their media empire

Jaroslav Hroch in Prague April 17, 2018

Czech Media Investment group, controlled by billionaire Daniel Kretinsky, will pay €73mn for Lagardere group radio stations operating in Czechia, Poland, Slovakia and Romania.

Visegrad car associations ask EU to decrease emission limits

Jaroslav Hroch in Prague April 16, 2018

Automakers argue strict limitation of emissions levels could cause a significant drop in production of cars in the V4 where the economies of Czechia and Slovakia in particular depend heavily on the car industry.

CONFERENCE CALL: Moody’s Central Europe summit highlights Czech economy's strengths

Jaroslav Hroch in Prague April 13, 2018

Mood in Prague was bullish but longer-term risk factors – from CEE labour shortages to Brexit to robotisation – spurred calls for prudence.

Avast to enter London bourse in bid to raise up to $1bn

Jaroslav Hroch in Prague April 12, 2018

Czech-based antivirus software company plans second attempt at IPO after pulling planned Nasdaq listing in 2012, but analysts warn over Brexit uncertainty.

Leaked document shows EU’s initially hardline approach to Gazprom

bne IntelliNews April 12, 2018

European Commission had planned to adopt a tough stance on Gazprom's allegedly “abusive practices” in selling gas to CEE, but current approach could let Russian energy major off the hook without serious consequences.

Czech president advises Babis to negotiate with neo-fascists

bne IntelliNews April 11, 2018

Caretaker PM Andrej Babis' options are limited after the collapse of coalition talks with the Social Democrats, but a proposed deal with the neo-fascist SPD and the Communists could trigger a split within the populist Ano party.

Czech banks' mortgage policies endanger the economy, Moody's warns

bne IntelliNews April 7, 2018

Risky credits could result in huge losses for commercial banks should Czechia experience an economic downturn, according to the rating agency.

Prospect of a new Czech government recedes as Ano-CSSD talks collapse

bne IntelliNews April 6, 2018

Early elections are again an option after the fraud investigation into caretaker PM Andrej Babis proved the sticking point for the Social Democrats.

Global trade war to hammer Eastern EU members

By Clare Nuttall in Bucharest April 3, 2018

The small, open economies in the eastern part of the European Union will suffer disproportionately if the global trade war currently brewing extends to Europe, analysts have warned.

Anger in Moscow and Prague Castle as Czech minister extradites hacker suspect to US

Jaroslav Hroch in Prague April 2, 2018

Kremlin-friendly President Zeman fought hard to send Yevgeny Nikulin to Russia but those pushing the pro-Western orientation of Czechia appear to have won out in the case.

Czech banks report record profits for 2017

Jaroslav Hroch in Prague April 2, 2018

Net profits reached CZK75.9bn despite competition from new, low-cost banks that pushed down fee income.

Slovakia catching up with the EU economy faster than Czechia

Jaroslav Hroch in Prague March 30, 2018

Slovakia is closing the economic gap with the EU faster than Czechia, but still lags behind the Czech economy level in overall terms, says a new CSOB study marking the 25-year anniversary of the breakup of Czechoslovakia.

COMMENT: Guest-workers won’t solve CEE labour shortage woes

Richard Grieveson of the Vienna Institute for International Economic Studies March 29, 2018

Central Europe is facing a growing labour shortage crisis that could limit growth if solutions are not found. Ukraine has already been a big winner but cannot solve the problem by itsself.

Uber to suspend activities in Slovakia after court ruling

bne IntelliNews March 28, 2018

Uber has experienced extremes in reaction to its controversial ride-hailing service in Central and Eastern Europe.

Nato joins wave of Russian diplomat expulsions after Skripal poisoning

Denitsa Koseva in Sofia March 28, 2018

Several European states followed suit but others are still considering whether to take action over the poisoning of an ex-spy on British soil, which has already triggered over 100 expulsions by western countries.

Online growth companies make “New European Tigers” roar

bne IntelliNews March 26, 2018

Eastern EU member states are catching up with their Western counterparts in terms of education, internet access and investment in infrastructure, boosting GDP growth and creating a fertile environment for online businesses.