Czech Republic
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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.
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.
Europe’s defence needs to adapt to different US, Czech President Pavel says
Europe must be able to defend its own interests "without active American support if necessary", Petr Pavel tells the Globsec security forum.
Why South Korea must prioritise bilateral nuclear research over fragmented one-off projects
Should South Korea continue spreading its efforts across short-term, individual projects – often tied to specific, time-consuming contracts – or should it double down on long-term, bilateral nuclear research partnerships?
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Czech statisticians refine May inflation to 2.4% y/y
This is slower than the 2.8% y/y flash estimate released last week, but still a 0.6 percentage point acceleration on the 1.8% y/y April easing.
Czech government reiterates domestic suppliers will have 60% share in Dukovany nuclear project
The Czech government reiterated that domestic suppliers will have a 60% share in the CZK407bn (16.4bn) project to construct two new blocks at the Dukovany nuclear power plant.
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Czech unemployment eases to 4.2% in May
Czech unemployment level eased slightly by 0.1 percentage point in comparison to April to 4.2% in May (chart), as employers seek workforce for seasonal jobs in tourism and restaurants.
Deloitte EMEA Fast 500 Technology ranking brims with Turkish, CEE and SEE startups
Top entry from Turkey is Novi Robot, a maker of automation systems for manufacturing plants.
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Czech industry maintains 2% y/y growth in April
Czech industrial production increased in real terms by 2% year on year and by 0.9% month on month in April (chart), maintaining a modest three-month growth trajectory to which it returned in February. In March industry grew by 1.4% y/y.