Czech Republic

Revenues of Czech top 100 companies top CZK3bn for the first time in 2018

bne IntelliNews June 14, 2019

The combined revenues of the hundred most successful Czech companies topped CZK3bn (€116.5mn) for the first time ever in 2018 after their profits increased by 12.3% year-on-year to CZK210bn (€8.2bn), the Czech News Agency reported on June 11.

Bulgaria, Czechia and Slovenia picked to host European supercomputing centres

bne IntelliNews June 9, 2019

Aim is to make Europe a top supercomputing power globally through €840mn project.

Growth of Czech retail sales for food the highest in the past 16 years

bne IntelliNews June 6, 2019

Czech retail sales, non-adjusted for calendar effects, accelerated to 6.9% year-on-year in April from 4.3% in March, mostly due to a 10% increase in food sales, the most y/y in the past 16 years, significantly influenced by the Easter holiday, based

Prague rocked by the biggest protests for democracy since 1989 demanding Prime Minister Andrej Babis's resignation

Nelly Tomcikova in Prague June 6, 2019

Wenceslas Square in the heart of Prague, a symbol of the fall of communism in 1989, hosted the biggest protests in the history of independent Czech Republic on June 4, as crowds demanded the resignation of Prime Minister Andrej Babis (ANO).

Czech startup sold to US fund General Atlantic

bne IntelliNews June 6, 2019

The Brno-based startup sold a 51% stake to General Atlantic for a reported €116mn.

Czech PM Andrej Babis might face trial over conflict of interest, 100,000 protest in Prague

Nelly Tomcikova in Prague June 4, 2019

Billionaire populist Babis is accused of using his political office to channel EU funds into one of his own companies. The scandal has sparked the biggest protests since the 1989 revolution.

Most Czechs still don't want to adopt the euro

bne IntelliNews June 4, 2019

Three-quarters of Czechs are against the adoption of the euro, according to the recent research published by the Czech Public Opinion Research Centre (CVVM) on May 31.

Czech beer company Plzensky Prazdroj records the highest sales in its history in 2018

bne IntelliNews May 28, 2019

Czech beer company Plzensky Prazdroj sold a record 11.5mn hectolitres of beer in 2018 in the Czech Republic and abroad, up by 4% year-on-year. Sales abroad stood at 4.3mn hectolitres, up by 4.5% y/y, the highest number in the company's history, accor

Ibizagate: Intentional and unintentional consequences of the government crisis in Austria for (Eastern) Europe

Gunter Deuber of Raiffeisen Research in Vienna May 28, 2019

The coalition between Austria’s conservative-liberal ÖVP and the right-wing populist FPÖ has been viewed very critically in Austria and abroad since it was formed in December 2017. It has also been an issue for the Eastern European bloc

Czechia sends representatives of populist ANO, neo-fascist SPD and Communists to European Parliament

Nelly Tomcikova in Prague May 28, 2019

Czech voters sent representatives from the ruling ANO party, fascist and communists to the European parliament at the European Union (EU) elections at the weekend.

Voters prepare to punish their ruling parties in European Parliament elections

bne IntelliNews May 22, 2019

Following domestic political scandals in several Central and Southeast European member states, many voters just want to give their ruling parties a kicking in this week's EU-wide vote.

MOL teams up with InoBat on hydrogen fuel cell development

bne IntelliNews May 20, 2019

The Hungarian company is pursuing alternative investments in line with its long-term strategy as it seeks to decrease dependence on its core business.

Czech energy company Sev.en to acquire Swiss Alpiq Generation for €7.2bn

Nelly Tomcikova in Prague May 20, 2019

Sev.en Energy won tender to buy the operator of CHP plants in Kladno a Zlin after it announced an ambitious programme of international expansion.