Czech Republic

Czech lower house passes watered down legislation enhancing the rights of same sex couples

Albin Sybera February 29, 2024

Marriage for all staunchly opposed by the powerful conservative wing in the parliament.

Thailand's SCBX acquires PPF's Home Credit Vietnam business for €800mn

Juthatip Kumarn February 28, 2024

PPF founded Home Credit Vietnam in 2008, becoming the second largest player in the Vietnamese consumer finance sector.

Liberty Steel's financial crisis is just the latest blow for CEE's steel industry

Robert Anderson in Prague February 28, 2024

The woes of Liberty Steel's mills also reflect the struggle of former Communist Central and Eastern Europe’s once mighty steel sector to remain competitive.

Czech court maintains Liberty Ostrava's protection from bankruptcy

bne IntelliNews February 28, 2024

Liberty Ostrava has not been operating since December after its main energy supplier cut off power and went into bankruptcy.

Czech plan reportedly secures 800,000 pieces of ammunition for Ukraine

Albin Sybera February 28, 2024

Czechs use worldwide arms contacts to locate ammunition stocks which “for political reasons” the supplying countries won’t be able to deliver themselves.

Despite differences over Ukraine, V4 leaders stress the platform is not dead

Albin Sybera, Robert Anderson in Prague February 28, 2024

Split over Ukraine has led analysts and journalists to describe the group as the V2+V2 rather than the V4, and to speculate whether it had a function anymore.

Macron says sending Nato ground troops to Ukraine should not be ruled out

bne IntelliNews February 27, 2024

French president says Russia now presents a greater danger and nothing should be excluded.

Commercial real estate investment dropped by 55% in Central Europe in 2023, says Cushman & Wakefield

bne IntelliNews February 26, 2024

The highest proportion of the capital went into the office sector, although its share dropped from 41% in 2022 to 32% in 2023 because of the increasing trend towards remote work.

Romania’s president pitches to be CEE's candidate for Nato top seat

bne IntelliNews February 23, 2024

The alliance's CEE countries had hoped to be strong contenders to helm the alliance this time around, but the Netherlands' Mark Rutte appears to have it in the bag already.

VISEGRAD BLOG: Poland will be a test case of how to reconquer the state and rebuild a liberal democracy

Robert Anderson in Prague February 22, 2024

Liberals are fundamentally misunderstanding the nature of the PiS system if they believe Donald Tusk should tread water.

CEE losing competitiveness because of soaring wages and weak productivity growth

bne IntelliNews February 19, 2024

Unit labour costs have surged by 25% since 2020 – something not seen since the early 2000s, says Capital Economics

Czech inflation collapses to its lowest y/y rise in almost three years in January

bne IntelliNews February 15, 2024

Consumer price indices (inflation) in Czechia increased by 2.3% year on year and by 1.5% month on month.

Clear east-west divide in EU for gender balance in science and engineering

bne IntelliNews February 15, 2024

Female employment in science and engineering is well above 50% in multiple regions of Central and Southeast Europe, Eurostat figures show.

Warning of new ice age in Europe as currents in the Atlantic approach a catastrophic tipping point

Ben Aris in Berlin February 14, 2024

The currents that circulate in the Atlantic are approaching a “tipping point” that will change the way water flows around the oceans of the world, which will have a catastrophic climate impact on countries around the world.

EU may sanction Chinese companies for the first time for facilitating Russia’s flourishing trade with friendly countries

bne IntelliNews February 13, 2024

The EU is contemplating the unprecedented step of imposing sanctions on three Chinese companies alleged to be aiding Russia's military actions against Ukraine, Bloomberg reports.

Hydrogen production and demand to grow in 2024, but only slowly

bne IntelliNews February 12, 2024

Hydrogen production and use are expected to grow in 2024, but it remains very expensive to produce and transport, making progress slow.

Oil and gas companies to invest over $1 trillion in the next decade expanding production

bne IntelliNews February 12, 2024

A report from climate campaign group Global Witness reveals that the fossil fuel sector is anticipated to allocate more than $1 trillion worldwide over the next decade for the expansion of natural gas production.

Czech unemployment inched up to 4% in January

bne IntelliNews February 8, 2024

Unemployment in Czechia climbed to 4% in January, which is an increase of 0.3 percentage points month on month and 0.1 points year on year.

Czech central bank cuts key rate by 50 bps

Robert Anderson in Prague February 8, 2024

Policymakers react to macro-economic figures showing that growth is still struggling to accelerate, while inflation is falling fast.