Czech Republic

bneGREEN: EU MEPs back binding methane targets

bne IntelliNews October 25, 2021

In a resolution on the EU’s strategy for cutting methane emissions, MEPs voted 563 to 122 in favour of introducing binding measures and targets on methane abatement, in order to significantly reduce emissions by 2030, in line with Paris goals.

wiiw hikes 2021 CEE growth forecast to 5.4%

Robert Anderson in Prague October 21, 2021

Growth is predicted to fall to 3.7% in 2022 and 3.5% in 2023 because of base effects, monetary tightening and more significant external headwinds.

New Czech lower house to vote on lifting Babis' immunity for EU fraud prosecution

bne IntelliNews October 20, 2021

Stork's Nest case to return to haunt outgoing premier as he heads for opposition benches.

Hospitalised Czech president set to be stripped of powers as scandal brews over signature

bne IntelliNews October 19, 2021

President's doctors say he is unfit to perform his duties, which should make it easier for the opposition to take power.

Czech financial group PPF to sell 30% stake in CETIN to investment fund GIC

bne IntelliNews October 19, 2021

Sale comes as speculation grows over potential part-disposal of Asian and Russian Home Credit operations in wake of death of founder Petr Kellner.

bneGREEN: Green policies set to reduce EU gas demand to baseload core

By Richard Lockhart in Edinburgh October 18, 2021

While the current gas crisis in the EU sees record-high wholesale gas prices, hurting consumers and causing the latest round of a supply disputes with Russia, the race to net zero by 2050 could have deeper long-term consequences for EU gas demand.

Czech PM to allow opposition coalitions to form new government

bne IntelliNews October 18, 2021

Andrej Babis says he would reject a potential offer from President Milos Zeman to form the new government.

Czech president ready to nominate Babis to try to form a new government

bne IntelliNews October 14, 2021

PM says he has not yet decided whether to accept the nomination and he is ready to go into opposition.

Energy supplier Bohemia Energy to leave Czech market as prices soar

bne IntelliNews October 14, 2021

Largest alternative energy supplier hands back its licence after energy price rise makes model uneconomic.

CEE needs to speed up transition to new growth model, argues GLOBSEC report

bne IntelliNews October 12, 2021

Annual CEE Strategic Transformation Index puts Slovenia top in CEE (after Austria), followed by Czechia and Poland.

CEE/SEE countries unite in defence of nuclear power

bne IntelliNews October 12, 2021

EU’s pro-nuclear member states want nuclear energy to be included in the bloc's green taxonomy as a way to ameliorate climate change.

Czech inflation in September increases to highest level in 13 years

bne IntelliNews October 12, 2021

Inflation hits 4.9%, up by 0.8 percentage points month-on-month.

Czech new car sales down by 16% in September as Skoda halts production because of chip shortage

bne IntelliNews October 11, 2021

Czech Republic's dominant carmaker says it will significantly reduce or completely halt its production at all three of its plants from October 18 until the end of this year.

Czech president´s hospitalisation casts uncertainty over creation of new government

bne IntelliNews October 11, 2021

Milos Zeman's health problems could postpone creation of new government for several weeks – even if he does not try to create obstacles.

Czech centre-right poised to take power after convincing election win

Robert Anderson in Prague October 10, 2021

Billionaire populist Andrej Babis loses majority after his Social Democrat allies and the hardline Communists fail to enter parliament.

Czech opposition coalitions likely to need allies to oust Babis

Robert Anderson in Prague October 8, 2021

Czechs go to vote in what is set to be the closest election in a decade. The next government is likely to depend on how many and which smaller parties pass the 5% threshold to enter parliament.

COMMENT: Energy lobby dominates Czech climate change debate

Albin Sybera October 8, 2021

Whoever wins the election, the energy lobby will continue to slow down the country's transformation to a carbon-neutral future.

Main Czech TV debate is a turn-off for voters on eve of general election

bne IntelliNews October 8, 2021

Prime Minister Andrej Babis remains the bookie's favourite but the outcome will depend on which small parties get into parliament.

Czech unemployment down to 3.5% in September

bne IntelliNews October 6, 2021

Country has almost 100,000 more vacancies than job seekers.

VISEGRAD BLOG: Czech opposition hopes that Pandora revelations enable them to oust Babis

Robert Anderson in Prague October 5, 2021

The Czech election is so tight that the Pandora Papers scandal could make the difference between the two opposition coalitions having the votes to form a government together or not.

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