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.
The Czech price cap is seen as a back-up plan in case a common EU-level approach is not reached.
Central European states are moving to widen the cutting off of Russian energy links beyond gas, oil and coal.
It is far from clear that the court trial will damage Babis' popularity as the Czech populist leader has painted it as a grand conspiracy against him.
Global inflation was generally moderating when the pandemic began, and the downward trend continued into the early months of the crisis. But surging prices since late 2020 have pushed inflation higher than in all of the last five years combined.
Conspiracy theorists disseminating disinformation about COVID-19 are often the same actors spreading disinformation about the Russian invasion of Ukraine.
The European Central Bank has decided on the largest rate hike since the start of the monetary union and has given the impression that it is fully determined to do more on September 7.
Last weekend 70,000 protesters gathered on Wenceslas Square in the heart of Prague to demonstrate against the rising cost of living and demanded a rapprochement with Russia. Will demonstrations spread across Europe as the crisis gets worse?
Czechia and Poland will resume work on the Stork II pipeline bringing gas from the Polish LNG terminal at Swinoujscie to Libhost in Czechia’s northern Moravian region.
Discontent is growing in Central and Southeast European countries that are suffering the highest inflation in the EU, pumped up by soaring food and energy prices.
Petr Pavel would beat billionaire populist Andrej Babis in a run-off, according to opinion polls.
Oxford Economics says risk of wage-price inflationary spirals is “overblown”.
Opponents of former premier Andrej Babis accuse him of encouraging mistrust of the media and misinformation.
Protesters criticised the country's centre-right government for not doing enough to help ordinary people, as well as for aiding Ukrainians at their expense.
Russian intelligence expected to intensify its operations inside the EU to provide technologies and chemicals for the Russian military as sanctions bite.
Some 700,000 Czechs (roughly 6.4% of the population) are trapped in endless enforcements, often facing debts impossible to pay off during their lifetimes.
It is a familiar narrative, but a firmly hawkish Fed plus major exporting nations seeing their trade surpluses wiped out by higher energy costs continue to drive the dollar higher. And we doubt an extra 25bp of ECB tightening this autumn will help.
Czech spy chief Petr Mlejnek has resigned over his contacts with an arrested businessman at the centre of a political corruption case.
Five EU states demand informal summit agrees measures that would “decisively decrease the flow of Russian citizens into the European Union and the Schengen area”.
The list of arguments why the German economy is sliding into recession is getting ever longer. The question isn't about whether there'll be a recession but rather how severe and how long it will be.