Czech Republic

Prague council corruption case rocks Czech political scene

bne IntelliNews June 22, 2022

Heads roll and opposition parties demand ejection of STAN party from the government after kickbacks scandal.

World hit by interest rate and inflation shock says IIF

Ben Aris in Berlin June 20, 2022

The world’s economy is being hit by an inflation and interest rate shock that shows no sign of abating, Institute of International Finance (IIF) said in a recent paper.

Czechia to appeal €625mn international arbitration award over cancelled blood plasma contract

bne IntelliNews June 17, 2022

Diag Human wins investment protection treaty claim in 30-year-old case.

ASH: Welcome to the new age of inflation

Timothy Ash Senior Sovereign Strategist at BlueBay Asset Management in London June 17, 2022

The debate around inflation is centre-stage at present, with headline and PPI inflation soaring globally in response to a range of factors but including climate change/transition and Covid-related supply disruptions.

Ukraine set to dominate Czech EU presidency

bne IntelliNews June 16, 2022

Government presents five key priorities for its rotating presidency of the EU, which begins on July 1.

NEMETHY: The world continues to hurtle towards recession and potentially financial crisis

Les Nemethy June 14, 2022

There is a widespread feeling of ‘business as usual’. There is very little sense of impending doom. This confidence is misplaced.

Czech inflation rate in May posts another record

bne IntelliNews June 13, 2022

Consumer price index increased by 16% y/y from 14.2% posted in April.

Bulgarians most sceptical in EU about euro adoption, Eurobarometer poll says

bne IntelliNews June 12, 2022

54% of Bulgarians don't want their country to switch to the euro, despite plans to enter the eurozone in January 2023.

bneGREEN: UN stresses green issues are key to reducing poverty and boosting sustainability

Richard Lockhart in Edinburgh June 11, 2022

Maintaining a healthy planet and ensuring prosperity for all requires a renewed emphasis on reducing environmental impact, sustainability and changing the way the current economic system works.

bneGREEN: Europeans set higher decarbonisation targets to rescue continent’s security

Richard Lockhart in Edinburgh June 10, 2022

A total of 19 European governments have accelerated their decarbonisation policies in response to a combination of the COVID-19 pandemic, the gas crisis and Russia’s invasion of Ukraine.

bneGREEN: EU to use €2.4bn of carbon credit cash to fund green projects in CEE

Richard Lockhart in Edinburgh June 9, 2022

The EU’s Modernisation Fund is to provide €2.4bn raised from the proceeds of the EU Emissions Trading System (ETS) to seven Central and East European countries to help them meet their 2030 climate and energy targets

bneGREEN: Energy efficiency: a central pillar of meeting green targets

Richard Lockhart in Edinburgh June 9, 2022

Energy efficiency must play a central role in meeting the world’s emissions reduction and renewable energy targets.

Global red warning lights are flashing as stagflation looms

Ben Aris in Berlin June 9, 2022

The conflict in Ukraine and high inflation threaten the global economy with stagflation similar to that experienced in the 1970s, according to a new World Bank forecast.

Czech unemployment further down to 3% in May

bne IntelliNews June 9, 2022

Seasonal jobs will continue to be advertised in the coming months, which means the unemployment rate could fall even further.

Czech president appoints more dovish central bank board members

bne IntelliNews June 9, 2022

Zeman appoints three new board members – replacing two that could have been reappointed – transforming the balance of central bank.

Czech industrial production down by 3.8% y/y in April

bne IntelliNews June 6, 2022

Manufacture of motor vehicles contributed the most to the drop in output, mainly as a result of the lack of components.

CONFERENCE CALL: Globsec basks in Putin's humiliation

Robert Anderson in Prague June 6, 2022

In contrast to previous conferences of the Bratislava-based security think-tank, there was a feeling that the West is no longer on the back foot and that now is the time to press home its advantage.

Czech authorities tighten rules for Ukrainian refugees

bne IntelliNews June 5, 2022

The Czech Republic is starting to show strains over how to cope with the slowing but continued influx of Ukrainian refugees into the country.

Russia's invasion of Ukraine pushes Eastern Europe further towards the West

Robert Anderson in Prague June 3, 2022

But close to half of Globsec Trends 2022 poll respondents in Hungary, Bulgaria and Slovakia do not place primary responsibility on Russia for the war in Ukraine.

bneGREEN: G7 sets decarbonisation goal for 2035

Richard Lockhart in Edinburgh June 2, 2022

The G7 has agreed to “predominantly decarbonise electricity sectors by 2035,” and to end government financing for international coal-fired power generation and speed up the phase-out of unabated coal plants by the same year.

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