Czech inflation second highest ever in 2023
Czechia's rate of inflation was 10.7% last year, down from 15.1% in 2022, but still representing the country's second-highest annual inflation...
czechia
CEE insurance sector grows by over 10%
The Central and Eastern Europe (CEE) insurance market reached a total of EUR 12.5bn by the end of the first quarter...
Multi-billion deal sees Emirati operator acquire telco assets in four CEE countries
Emirates Telecommunication Group Company (e&) will buy a 50% plus one share in PPF Group’s telecommunications assets in Bulgaria (mobile operator...
Forint falls regionally, as CEE central bankers mull rate cuts
Unlike its regional peers, the forint weakened massively this week, as the Hungarian National Bank (MNB) continued to unwind the emergency...
Orban, Fiala trade blows over future of EU, V4
Czech Prime Minister Petr Fiala dismissed Hungarian Prime Minister Viktor Orban's claim over the weekend that Czechia has "changed sides" regarding...
Czech gov’t unveils radical green energy plan
Czechia is poised to start a massive construction of solar and wind power plants to secure cheap and ecological electricity supply,...
Czech govt unveils austerity package
The Czech government announced "Czechia in Shape", a new tax package to reduce the state budget deficit on Thursday 11 May....
Pavel wants Czechs to play key role in Western response to resurgent China
Czech President Petr Pavel called for a "joint and balanced" strategy between the US, Europe, and other democracies to address China’s...
Poland to supply Ukraine with fighter jets
Poland will send Ukraine four MiG-29 fighter jets in the coming days, with more to follow later, according to an announcement...
Poland oks Turow mine’s permit till 2044
Poland has extended the operational license of its highly-polluting Turow lignite mine by 22 years, the Czech Environment Ministry revealed on...
Pavel not hopeful on Ukraine victory this year
Ukrainian President Volodymyr Zelenskyy urged the Western world to send more help when he opened the Munich Security Conference (MSC) from...
Pavel calls for unity after landslide in Czech presidential elections
Retired General Petr Pavel, a former senior NATO commander, won the Czech presidency in a record-breaking victory over former prime minister...
CEE plans thousands of miles of high-speed rail
Railway infrastructure managers from Czechia, Poland and the Baltics signed a memorandum of understanding (MOU) in connection with building almost 2,800...
Ex-NATO official edges Babis to move into pole position for Czech presidency
Retired General Petr Pavel will face ex-prime minister Andrej Babis in Czechia’s presidential runoff vote after narrowly beating him into second...
Gazprom failed to make January payment for Czech gas transit, minister confirms
Net4Gas, Czechia's natural gas transmission system operator, had not received its contracted monthly payment from Russian state-owned Gazprom by 4 January,...
Czech EU presidency hailed as ‘big success’
Czechia received near universal acclaim as it completed its stewardship of the presidency of the Council of the EU, which will...
Qatar to open embassy in Czech capital
Czechia and Qatar signed bilateral agreements on Wednesday, as the Gulf state announced that it will open its first embassy in...
VW floats idea of CEE exit
German carmaker Volkswagen (VW) may close its plants in Central and Eastern Europe (CEE) if the natural gas shortage persists beyond...
Onsemi invests USD 450mn in semi-conductor foundry in Czechia
Onsemi inaugurated the expansion of its silicon carbide (SiC) semiconductor fabrication plant in Roznov, east Czechia, on Wednesday. The USD 450mn...
MEPs to vote on rule of law in Hungary, as EC mulls next move on suspended funds
As the September 21 deadline approaches, leaders in Brussels are split on whether to finally unlock billions of euros that have...