Czech Republic

bneGREEN: Europe saves €100bn from the switch to renewables due to the Ukraine war

Ben Aris in Berlin June 5, 2023

European electricity consumers will save some €100bn on their energy bills, due to the rapid expansion of renewable energy sources caused by the Russian induced energy crisis the International Energy Agency said in a report.

Central Europe launches new austerity drive

Robert Anderson in Prague June 4, 2023

Czechia, Estonia and Slovakia are planning budget cuts at a time when interest rates are still painfully high and many economies have yet to emerge from recession.

Support for Moldova, solidarity with Ukraine at second EPC summit

bne IntelliNews June 2, 2023

European leaders stress the importance of European solidarity and affirm support for states on the continent’s Eastern Flank.

VISEGRAD BLOG: Macron makes the weather in Eastern Europe

Robert Anderson in Prague May 31, 2023

The French president tried to persuade sceptical East Europeans that they had nothing to fear from a Europe that was more self-reliant in security – and he almost pulled it off.

THE VIEW FROM MITTELEUROPA: Turkish result shows that 'all for one and one for all' is rarely the best tactic to bring down a strongman

Marcus How of ViennEast Consulting in Vienna May 29, 2023

The failure of the Nation Alliance under optimal conditions shows that 'big tent' coalitions under a single list often do not succeed in extending the opposition's reach.

Czech PPF Group acquires 15% stake in Polish e-commerce company InPost

Albin Sybera May 26, 2023

Czech private investment group estimated to have paid some €750mn for the stake.

CEZ shares plunge after Czech cabinet lowers voting threshold

Albin Sybera May 19, 2023

Legislative change will make it easier for the state to split the power company up and nationalise nuclear division.

EBRD 2023: Bank to expand into the whole of Africa plus Iraq

Ben Aris In Samarkand May 18, 2023

The first investments are due to begin in six counties in sub-Saharan Africa in 2025.

EBRD cuts regional growth forecasts again but Central Asia still going strong

Clare Nuttall in Samarkand May 16, 2023

Inflation remains a drag on growth in Emerging Europe, along with sluggish growth in advanced economies and stricter financing conditions in Central Europe and the Baltic states.

Czech government announces €4bn austerity package

Albin Sybera May 11, 2023

The package includes raising the pension age, hiking corporate and real estate taxes, and most radically, increasing the tax on beer.

NEMETHY: Some thoughts on inflation

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors May 7, 2023

I have been writing that we are facing a period of high inflation since long before it was fashionable. Now I believe that, on the balance of probability, we face an entire decade of high inflation.

bneGREEN: Europe suffers second-worst year for wildfires since records began

bne IntelliNews May 4, 2023

Fires in 45 countries burnt an area the size of Montenegro, with Ukraine, Spain and Romania the worst affected countries.

Czech GDP grows 0.1% q/q in Q1, moving country out of recession

Albin Sybera May 3, 2023

However, analysts predict stagnation for rest of year, with a strong recovery coming only in 2024.

Emerging Europe on tentative recovery path from 2023

bne IntelliNews April 27, 2023

The Central, Eastern and Southeast Europe economies have largely digested the economic shock caused by the war in Ukraine and are heading for modest growth this year, says wiiw.

EU still among the largest importers of Russian oil products

bne IntelliNews April 26, 2023

New data shows that the EU is still among the largest importers of oil products from Russia, which are routed through 'laundromat' countries to avoid sanctions, according to the CREA.

ING: Czechia's inflationary tide is slowly receding

Vojtech Benda Chief Economist for Czech Republic at ING, Frantisek Taborsky EMEA FX & FI Strategist at ING April 26, 2023

ING presents its latest views on the Czech economic performance and outlook. Headline inflation seems to be on a descending path but continues to weigh on consumer spending. The economy will grow, but only slowly.

European defence spending soars by 14% in 2022, says Sipri

bne IntelliNews April 25, 2023

Central and Western Europe spend more in real terms than in 1989, the last year of the confrontation with the Soviet Union.

bneGREEN: Poland, Romania and Bulgaria face highest decarbonisation transition risks, says Fitch

bne IntelIiNews April 25, 2023

Decarbonisation costs predicted to put up region's average debt/GDP levels by 7pp by 2030.

Europe’s heating season ends as gas storage passes bottom

bne IntelliNews April 25, 2023

European gas tank storage hit a low of 55.36% full at the start of April 1, and the volume held in tanks has grown since then to 57.94% full as of April 23, according to data from GIE.

Czechoslovak communist interior minister to stand trial in landmark case

Albin Sybera April 25, 2023

Vratislav Vajnar is on trial for the killing of three people who attempted to cross the country's heavily guarded border in the late 1980s, in one of the very few cases where a top official in the communist regime has faced justice.