Czech Republic

CEE hotel deals put on hold amid coronavirus pandemic

bne IntelliNews March 26, 2020

After a vintage 2019, almost €2bn worth of deals were expected to close in the hotel sectors of six Central and Southeast European countries this year, but these are looking increasingly unlikely to complete, says a report from law firm CMS.

IIF forecasts a contraction of -1.4% in CEE, -1.3% in Russia, but Turkish growth remains in the black in 2020

Ben Aris in Berlin March 26, 2020

The Institute of International Finance (IIF) released updated forecasts for economic growth this year for the Central and Eastern Europe (CEE) countries that show a sharp slowdown in 2020 and all except Turkey will return negative results.

Is the pace of outflows from EMs starting to slow?

bne IntelliNews March 26, 2020

Equity and bond markets have been rocked by record volumes of outflows since the end of February in one of the biggest sell offs ever, but the pace of selling seems to be slowing in the last few days, said the Institute of International Finance (IIF)

Capital Economics slashes CEE growth forecasts for 2020 to -2% y/y

bne IntelliNews March 25, 2020

Economic consultancy Capital Economics has slashed its growth forecast for the Central and Eastern Europe (CEE) to a 2% y/y contractions from the previous 2.3% expansion in 2020, as a result of the coronavirus.

Coronavirus epidemic approaches exponential growth stage in some CEE countries

Clare Nuttall in Glasgow March 24, 2020

Cases have doubled in less than three days in several countries in the region, as governments desperately fight back with lockdowns.

THE MITTELEUROPEAN VIEW: Looking for LUV — what shape will Europe’s recovery from this existential crisis be?

Gunter Deuber of Raiffeisen Research in Vienna with support from colleagues in Vienna & across the CEE region March 18, 2020

There is a new acronym in the economists' lexicon: VUCA. It is short for “Volatile, Uncertain, Complex and Ambiguous” as pundits are struggling to explain a crisis that is coming at us from all sides simultaneously.

wiiw slashes 2020 growth forecast for CESEE to just 1.1%

Clare Nuttall in Glasgow March 17, 2020

Vienna-based think tank expects the coronavirus pandemic to result in the worst year for the region since the global financial crisis.

Czech authorities impose price caps on face masks, ban exports

bne IntelliNews March 6, 2020

The Czech Ministry of Finance has decided to regulate respirator and face mask prices, in effect from March 4, to prevent panic-driven profiteering, the ministry announced in its press release published on March 4

STEM: Czechs no longer a nation of climate change sceptics, but remain confused on the issues

bne IntelliNews March 5, 2020

Czechs are no longer to be considered a nation of climate change sceptics, 84% of them agree that climate change caused by mankind threatens the future of humanity, according to results of the polling agency survey STEM published on March 3.

Czech economy saw weakest growth last year since 2016, growth expected to slow in 2020

bne IntelliNews March 4, 2020

The growth of the Czech economy posted the weakest figures since 2016, down to 2.4% year-on-year in 2019 from 2.8% in 2018, driven by the domestic demand, according to the Czech Statistics Office (CSO) report published on January 3.

ING: Czech economy slows, and expected to slow down further

ING Think March 3, 2020

Czech economy slowed to 1.8% in 4Q19, but domestic demand remained surprisingly strong. But given the rising uncertainty amid Covid-19 outbreak, we expect growth to dip below 2% this year but the market pricing of almost four rate cuts are a bit too

First three cases of coronavirus confirmed in the Czech Republic

bne IntelliNews March 3, 2020

The Czech Republic reported its first three cases of people infected with the coronavirus. Two people were hospitalized in Prague's Na Bulovce Hospital and one in the Masaryk Hospital in Usti nad Labem, the Minister of Health said

Czech PMI fall halts and turns the corner as 2020 gets underway

bne IntelliNews March 3, 2020

The Czech manufacturing sector PMI recovered somewhat to 46.5 in February, after it crashed to 45.2 at the start of the year

Main Central, Southeast Europe markets drop as series of coronavirus cases confirmed

bne IntelliNews February 28, 2020

Smattering of confirmed cases seen as a precursor to a wider outbreak anticipated in the region in the coming weeks.