Czech Republic

EU opens probe over Slovak aid for JLR car plant

bne IntelliNews May 24, 2017

Slovakia offered the maximum permitted incentives of €125mn to Jaguar Land Rover to win the €1.4bn investment.

CONFERENCE CALL: The only way is nukes

Tim Gosling in Prague May 24, 2017

Without sea or sun, additional nuclear capacity is the only route to decarbonise Central Europe’s power sector, proponents insist.

CONFERENCE CALL: Europe slowly wakes up to Russian disinformation threat

Nicholas Watson in Prague May 19, 2017

While some fret Europe is not doing enough to counter Russian disinformation, others express concern at the STRATCOM Summit 2017 that focusing on this allows Moscow to set the agenda.

Czech GDP growth accelerates strongly in first quarter

bne IntelliNews May 17, 2017

Czech GDP growth accelerated above expectations to 2.9% y/y in the first quarter, according to a preliminary estimate published by statistics office CZSO.

Xi throws Chinese might behind One Belt, One Road initiative

Clare Nuttall in Bucharest, Kivanc Dundar in Istanbul, Tim Gosling in Prague, Kanat Shaku in Almaty May 15, 2017

Beijing is investing a massive $124bn into the global project to invest into infrastructure and trade networks across four continents.

CEE'S TOP BUSINESS LEADERS: Central Europe

bne IntelliNews May 12, 2017

Our look at which business leaders really matter in each CEE/CIS country, ranked by our correspondents not just on wealth but on influence.

Czech finance minister prepares for sacking as political crisis heads for new phase

bne IntelliNews May 12, 2017

Billionaire Ano leader Andrej Babis accepts inevitable to minimise damage after prime minister rallies ruling Social Democrats.

Businesswomen seek a seat at the top table

Clare Nuttall in Bucharest May 11, 2017

The fall of communism has been followed by successive backlashes against feminism, the latest inspired by the election of populist rightwing governments.

Czechs protest against president's alliance with billionaire minister

bne IntelliNews May 11, 2017

Protesters are angry that President Milos Zeman and Ano leader Andrej Babis appear to be working in tandem and ignoring the constitution.

Czech inflation pulls back in April

bne IntelliNews May 10, 2017

Czech inflation surprised as it retreated to 2% y/y in April. The fall back in rising prices could trim recent hawkish hints from the Czech National Bank.

CFA tries to raise financial awareness in emerging markets

Liam Halligan in Prague May 10, 2017

CFA Institute managing director Gary Baker talks to bne IntelliNews about winning back trust for the financial services industry and developing the sector's human capital.

CEE slowly warms up to energy efficiency

Carmen Valache in Lund May 10, 2017

Commercial banks have been slow to jump at the opportunity to finance small-scale energy efficiency projects because the return on investment for them tends to be low.

Czech retail sales boom as first quarter ends

bne IntelliNews May 9, 2017

Czech retail sales growth accelerated dramatically to 7.8% y/y in March, or 7% in seasonally-adjusted terms.

Czech cabinet crisis left to fester as president heads to China

bne IntelliNews May 8, 2017

President Milos Zeman refuses to sack Finance Minister Andrej Babis but says he is ready to accept Prime Minister Bohuslav Sobotka's resignation.

Mud flies as Czech election campaign launches

Tim Gosling in Prague May 5, 2017

Prime Minister Bohuslav Sobotka delays cabinet's resignation until middle of the month after signs that President Milos Zeman wants government to continue but without him.

Czech premier brings down coalition as election tensions rise

bne IntelliNews May 2, 2017

Social Democrats target Ano leader's murky finances to try to close opinion poll gap.

Russian tourists celebrate the opening of spa season in Carlsbad

Ben Aris in Karlovy Vary April 28, 2017

​May 1 marks the official opening of the spa season in Czech spa Karlovy Vary or Carlsbad, and the start of the high season. But the legendary town is already awash with tourists, almost all from Russia.

EU battles Russia's Nord Stream 2 slice 'n' dice

Tim Gosling in Prague April 27, 2017

Gazprom aims to further divide the EU by offering a share of the spoils to CEE countries, but Brussels is finally facing up to the challenge.

Kiwi.com – the next Czech unicorn nears fruition

Nicholas Watson in Prague April 26, 2017

For all its noted manufacturing and IT prowess, the Czech Republic still only boasts one unicorn company, Avast Software. However, another Czech startup with a valuation of over $1bn is appearing on the horizon – the online travel agency Kiwi.com.

Russia, CEE hike military spending as tensions rise

Clare Nuttall in Bucharest April 25, 2017

Worsening relations between Russia and the West, plus pressure to meet Nato defence spending commitments, push up expenditure in Eastern Europe.

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