Czech Republic

NEMETHY: The riskiest macroeconomic environment of the 21st Century!

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors July 12, 2022

In my opinion, the macro environment is riskier than before the Dotcom Bubble and before the Great Financial Bubble. Why? A nasty cocktail of factors which may reinforce each other:

bneGREEN: The need for nuclear in the energy transition

Richard Lockhart in Edinburgh July 9, 2022

Nuclear is set to make a "comeback," with capacity forecast to double between 2020 and 2050 from 413 GW to 812 GW, the IEA said.

RADIOACTIVE: Central Europe remains highly exposed to Russian uranium

Richard Lockhart in Edinburgh July 8, 2022

Europe’s nuclear power sector is starting to worry about its fuel stocks as Russia’s invasion of Ukraine is calling into question the security of uranium supplies and processing services provided by Russia.

Czech industrial production slightly up again in May

bne IntelliNews July 7, 2022

After three months of decline, Czech industrial output in May grew by 3.3% year-on-year.

Emerging markets see $4bn of outflows in June as global recession fears grow

Ben Aris in Berlin July 7, 2022

Pockets of weakness persist in emerging markets where real interest rates are deeply negative – and risks for those countries are rapidly mounting.

Tougher times ahead for Emerging Europe

Clare Nuttall in Glasgow July 7, 2022

With no end to the Ukraine war in sight, spiralling inflation is set to drag down growth across Emerging Europe in the second half of 2022 and into 2023, wiiw’s latest forecasts say.

bneGREEN: Has green energy had its day?

Richard Lockhart in Edinburgh July 6, 2022

Global efforts to combat climate change are being endangered by the global COVID-19 pandemic, the war in Ukraine and the current energy crisis.

bneGREEN: Cracks appear in German opposition to atomic energy

Richard Lockhart in Edinburgh July 6, 2022

Germany’s opposition to expanding nuclear power could be changing slowly, as the current gas crisis leads to more voices calling for an end to the closure of nuclear power plants.

Czech PMI slips in June

bne IntelliNews July 4, 2022

Conditions in the Czech manufacturing sector deteriorated in June for the first time since August 2020, with the index falling from 52.3 to 49.

VISEGRAD BLOG: EU Presidency offers Czechs chance to transform relationship with Brussels

Robert Anderson in Prague July 3, 2022

The Czech Republic finally appears to be breaking out of the V4 straitjacket by building alliances right across the EU to pursue its interests.

US and Chinese slowdown will tip the world into recession, says IIF

bne IntelliNews July 2, 2022

The worsening economic data coming out of the US and yet another coronavirus lockdown in China will tip the world into a global recession, the Institute of International Finance (IIF) said in a note on July 1.

Stagflation fears continue to rise

bne IntelliNews July 1, 2022

Global inflation refuses to be tamed and with price increases in the US hitting 8.6% in May, its highest level in 40 years, the Fed is expected to continue tightening monetary policy by hiking rates that will suck liquidity out of emerging markets.

CEE Economic Sentiment Indicators fall on polycrisis woes

bne IntelliNews June 30, 2022

The European Commission’s Economic Sentiment Indicators (ESI) for Central and Eastern Europe (CEE) fell in May as the polycrisis hitting the world took its toll on economies across the entire region.

PPF group confirms plans to sell Chinese operations

bne IntelliNews June 30, 2022

Czech investment group also says it is looking at acquisition opportunities in telecommunications, probably involving a merger with another financial or investment partner.

Nato agrees 'fundamental shift' to counter Russia

Robert Anderson in Prague June 29, 2022

Security alliance’s leaders agree a big increase in troop deployments on its Eastern Flank, more help for Ukraine in its defence against Russian aggression, and a new Strategic Concept.

Czech energy company CEZ switches away from Russian nuclear fuel

bne IntelliNews June 29, 2022

CEZ signs contract with US nuclear power technology company Westinghouse and French Framatome.

bneGREEN: Reducing investment in fossil fuels can fund Europe’s energy transition

Richard Lockhart in Edinburgh June 24, 2022

Europe’s electricity system could become greener, more secure and more resilient while not requiring any funding if the right investments are made to replace increasingly expensive fossil fuels.

bneGREEN: Coal investment remains major threat to green dream

Richard Lockhart in Edinburgh June 24, 2022

An 8% rise in global energy investment in 2022 to $2.4 trillion, driven by a 12% rise in clean energy spending, is still far from enough to tackle the energy crisis and to put the world on the path to a greener and more secure energy future.

Last meeting of old Czech central bank board hikes base rate to 7%

bne IntelliNews June 23, 2022

Outgoing Governor Jiri Rusnok steers through 1.25pp hike to curb inflation, which reached 16% in May.

CEE inflation spreading across whole region, set to last for years

Ben Aris in Berlin June 22, 2022

Inflation is being driven up by the food crisis and disrupted supply chains, first during the pandemic and now due to the war in Ukraine, leading to fears of stagflation for the whole world.

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