Czech Republic

NEMETHY: Is the world heading towards a “polycrisis”?

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors October 5, 2022

According to historian Adam Tooze, we are currently potentially facing a “polycrisis”: a number of smaller to medium-sized crises in the world that have the potential to combine and reinforce each other.

Leading Czech coalition parties endorse three presidential candidates

Albin Sybera October 5, 2022

Spolu politicians have admitted previously that endorsing just one candidate could be seen as a curse, for that person could become a target for voter anger over the soaring cost of living.

Low Senate election turnout helps Czech ruling coalition fight off populist challenge

Albin Sybera October 3, 2022

Despite registering some success in the first round the previous weekend, populists and anti-establishment parties failed in the run-offs for the upper house.

Czechs try to transform EU's relationship with Israel

Robert Anderson in Prague October 3, 2022

As the current rotating president of the European Union, Prague has convened a meeting of the long moribund EU Israel Association to try to boost EU links with the Jewish state.

bneGREEN: Fit for 55 – not fit for purpose

Richard Lockhart in Edinburgh September 30, 2022

The EU’s Fitfor55 efforts to reduce CO2 emissions by 55% by 2030 are woefully inadequate and unable to contain global warming to the 1.5°C target, with reductions of up to 77% needed instead to stand any chance of averting a climate catastrophe.

Slovak ministers criticise Czech border controls

Albin Sybera September 30, 2022

Czechia and Austria introduce checks on borders with Slovakia to stop increasing numbers of migrants crossing towards Germany.

More pain stored up for Emerging Europe in 2023

bne IntelliNews September 29, 2022

Government efforts to shield populations from the energy crisis and rampant inflation have shifted the economic impact to next year, says the EBRD as it downgrades GDP growth forecasts for 2023.

Prague far-right rally demands peace and resumed imports of Russian gas

Albin Sybera September 29, 2022

Turnout at anti-government demonstration well down on first rally.

Czech-based EPH expands on the Dutch energy market

Albin Sybera September 28, 2022

Largest Czech energy company acquires 100% of gas-fired power plant Sloe in Zeeland.

EBRD: Reduced gas supplies and inflation to slow growth further in EBRD regions

EBRD September 28, 2022

The European Bank for Reconstruction and Development (EBRD) projects growth in its region will slow as a result of gas supply problems that are feeding an energy crisis. The bank says growth will slow to 2.3% in 2022 in its region and 3% in 2023.

BRUEGEL: National policies to shield consumers from rising energy prices

Giovanni Sgaravatti for Bruegel, Simone Tagliapietra for Bruegel, Georg Zachmann for Bruegel September 26, 2022

The current increase in wholesale energy prices in Europe has prompted governments to try to shield consumers from the direct impact of an energy crisis that is sweeping the Continent and the rising prices that are costing hundreds of billions.

Kazakhstan offers Europe chance to kick its Russian uranium habit

Aida Kadyrzhanova in Almaty September 26, 2022

Obstacle to hopes is Russia’s ownership of 40% of world's uranium conversion infrastructure, vital to making nuclear fuel.

ING: Eurozone PMI suggests the region may already be in recession

Bert Colijn Senior Economist Eurozone for ING September 26, 2022

The third decline in a row for the eurozone PMI indicates that business activity has been contracting throughout the quarter. This confirms our view that a recession could have already started.

Czech elections show steady rise of far right and populists

Albin Sybera September 26, 2022

Populist ANO party of former premier Andrej Babis comes first in eight of 13 regional capitals but was only second in the two largest, Prague and Brno.

VISEGRAD BLOG: Orban prepares to surf the populist wave again

Robert Anderson in Prague September 25, 2022

But the Hungarian strongman may struggle both to exploit the cost of living crisis and to unite Europe's resurgent radical right, particularly if the Russian-Ukraine war grinds on.

Czech municipal election will test government popularity amid cost of living crisis

Albin Sybera September 23, 2022

A major battle is seen in Prague where the Pirate-led coalition of Mayor Zdenek Hrib could be brought down by a grand coalition of Babis' ANO, together with ODS, the prime minister's party.

'Mafia' monument unveiled in Prague city centre ahead of municipal elections

Albin Sybera September 20, 2022

Prague City Council election could lead to grand coalition of ODS and opposition ANO parties.

Former Czech premier Babis invests in Slovenian capital

Albin Sybera September 20, 2022

Babis' Hartenberg vehicle has invested tens of millions of euros alongside Corwin since last year to tap its green approach to real estate development.

Andrej Babis jr tells father's fraud trial that he never owned Stork's Nest

Albin Sybera September 19, 2022

Prosecution accuse former premier of fraudulently putting the conference centre under his son's name as part of a scheme to tap EU funds.

Nuclear power's share dropped to record low in OECD, but solar jumped to record highs thanks to hot summer

bne IntelliNews September 16, 2022

Germany’s decision to take its nuclear power plants offline, coupled with production problems with France’s NPPs, saw the share of nuclear power in the OECD countries year to date fall to its lowest level ever, but solar boomed.