Czech Republic

Czech companies dominate Deloitte CE Tech Fast 50 — but new destinations emerge

Clare Nuttall in Glasgow October 21, 2019

Ranking of fastest growing CEE tech companies led by Lithuania’s Voltas IT includes 31 new entrants reflecting hyper rapid pace of tech sector development in the region.

Czech R&D posted record growth of €500mn in 2018 to €3.9bn

Nelly Tomchikova in Prague October 17, 2019

Czech R&D expenditures grew by CZK12.3bn (€447.5mn) year-on-year to a record CZK102.8bn (€3.9bn) in 2018, accounting to 1.93% of GDP, stems from data published by the Czech Statistical Office (CSO) on October 16.

Bulgaria’s antitrust body starts in-depth probe into sale of CEZ’ assets

Denitsa Koseva in Sofia October 10, 2019

Probe into deal to sell CEZ' Bulgarian assets to local Eurohold follows collapse of earlier deal with Inercom that was blocked by regulators last year.

Czech unemployment rate remains low at 2.7% in September

Nelly Tomchikova in Prague October 10, 2019

Czech unemployment remained at 2.7% for the third consecutive month in September, data from the Labour Office of the Czech Republic released on October 8 shows .

Czech government spent tens of millions of public money on foreign trips

bne IntelliNews October 10, 2019

Czech Prime Minister Andrej Babis (ANO) and his ministers have been busy traveling around the world, spending millions in public money on 290 business trips abroad.

M&A deals decline in Central, Southeast and Eastern Europe in 1H19

Clare Nuttall in Glasgow October 9, 2019

Fall in volume and value of deals revealed in CMS/Mergermarket report is in line with decline seen across Europe as economic slowdown, Brexit uncertainty and global trade wars hit sentiment.

Pan-European wave of consolidation threatens to ground small Central, Southeast European airlines

Clare Nuttall in Glasgow October 4, 2019

Slovenian national carrier Adria Airways's decision to file for bankruptcy followed the demises of a series of other European airlines against the underlying trend of an air transport market in the throes of consolidation.

Czech PMI remains at its lowest level in a decade

Nelly Tomchikova in Prague October 2, 2019

Czechia’s IHS Manufacturing Purchasing Managers Index (PMI) remained at its lowest level since 2009, at 44.9 points in September, the same level as it posted in August, making it the tenth consecutive month of contraction, according to IHS Markit dat

Czech Republic ranked 22nd most economically free country in the world, according to Economic Freedom Index

Nelly Tomchikova in Prague September 30, 2019

The Czech Republic was ranked as the 22nd most economically free country among the 162 countries in the world in 2018 (based on 2017 data), according to the Economic Freedom of the World Index published by Canadian institute Fraser.

Czech PM Babis criticized Greta Thunberg for being hysterical at UN

Nelly Tomchikova in Prague September 27, 2019

The Czech Prime Minister Andrej Babis (ANO) denounced the speech of 16 year old climate activist Greta Thunberg at the General Assembly of the United Nations calling it “hysterical.”

Two Czech companies among five fastest growing in EMEA

Nelly Tomchikova in Prague September 25, 2019

Czech companies Prusa Research and are among the top 5 fastest-growing technology companies in Europe, Middle East and Africa region (EMEA).

Czech Prime Minister Andrej Babis falls two places to rank fourth richest man in a Czech-Slovak wealth ranking

Nelly Tomchikova in Prague September 24, 2019

The 2019 ranking of the 50 richest Czechs and Slovaks compiled by the Euro weekly shows some significant changes. While Czech billionaire Petr Kellner remains top dog, the Czech Prime Minister Andrej Babis (ANO) has fallen two spots to number four.

VIENNEAST COMPASS: Hungary punching above its weight in regional SEE politics

Marcus How of ViennEast September 23, 2019

The incoming president of the European Commission, Ursula von der Leyen, took an unexpected decision of nominating Hungarian Laszlo Trocsanyi as commissioner for expansion as Hungary increases its influence in the region