Czech Republic

When Chinese deals turn sour

Clare Nuttall in Glasgow September 12, 2019

Tighter regulation and growing geopolitical tensions have caused a downturn in global Chinese outward FDI in the past two years. The Central and Eastern Europe region is no exception.

Czech energy giant CEZ buys a stake in German solar start-up Zolar

Nelly Tomcikova in Prague September 11, 2019

CEZ executive calls Zolar the "pioneer of an innovative, decentralised model for purchasing rooftop solar systems".

Czech billionaire Petr Kellner’s Home Credit is one step closer to Hong Kong stock exchange listing

Nelly Tomchikova in Prague September 4, 2019

Hong Kong Stock Exchange Listing committee has given the green light to Czech consumer lender Home Credit of Czech billionaires Petr Kellner and Jiri Smejc to IPO on the exchange, daily reported on September 2.

State prosecutor makes u-turn in investigation into Czech PM

Nelly Tomcikova in Prague September 3, 2019

Prime Minister Andrej Babis has been facing an investigation over alleged European subsidies fraud in the Stork's Nest case for the past four years. Now the state prosecutor has changed his mind and suggested his supervisors halt the probe.

Czech PMI slightly up again, new orders at lowest level in ten years

Nelly Tomchikova in Prague September 3, 2019

Czech August IHS Manufacturing Purchasing Managers Index (PMI) finally increased after months of deterioration to 44.9 points, the lowest level in a decade, up from 43.1 in July, according to IHS Markit.

Czechs show their back to Europeans in e-commerce via mobiles, according to JP Morgan

bne IntelliNews September 2, 2019

The Czech Republic is most perspective European country for the development of e-commerce among the frequent users of mobile phones for online shopping, according to a study by US bank JP Morgan. Czechs make half their purchases using a phone

Czech economy slows down to 2.7% in 2Q19, below expectations

bne IntelliNews September 2, 2019

Czech gross domestic product grew by 2.7% year-on-year in 2Q19, up by 0.7% quarter-on-quarter, mostly due to growth of domestic demand, according to the refined estimate by the Czech Statistical Office (CSO) published on August 30.

BRICKS & MORTAR: Corporates turn to flexi workspaces in battle for talent

Clare Nuttall in Glasgow August 30, 2019

Flexible workplaces and co-working spaces, originally the domain of creatives and solo entrepreneurs, are increasingly attractive to larger companies in their quest to attract and retain talent.

Czech hospitality start-up raises $33mn in funding

Nelly Tomchikova in Prague August 30, 2019

Battery Ventures’ Series B investment pushed hotel reservation management platform Mews’ value up over $200mn.

Europe still has East-West divide in waste generation

bne IntelliNews August 26, 2019

Despite the recent consumer boom, all but one of the eastern EU members produces less waste than any western member, a new study from Eurostat shows.

Czech government crisis almost over

Nelly Tomchikova in Prague August 22, 2019

Social Democrats' new nominee to head the culture ministry, former foreign minister Lubomir Zaoralek, has the support of President Zeman.