czechia

Czech inflation second highest ever in 2023Czech inflation second highest ever in 2023

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…

1 year ago
CEE insurance sector grows by over 10%CEE insurance sector grows by over 10%

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…

2 years ago
Multi-billion deal sees Emirati operator acquire telco assets in four CEE countriesMulti-billion deal sees Emirati operator acquire telco assets in four CEE countries

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…

2 years ago
Forint falls regionally, as CEE central bankers mull rate cutsForint falls regionally, as CEE central bankers mull rate cuts

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…

2 years ago
Orban, Fiala trade blows over future of EU, V4Orban, Fiala trade blows over future of EU, V4

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"…

2 years ago
Czech gov’t unveils radical green energy planCzech gov’t unveils radical green energy plan

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…

2 years ago
Czech govt unveils austerity packageCzech govt unveils austerity package

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…

2 years ago
Pavel wants Czechs to play key role in Western response to resurgent ChinaPavel wants Czechs to play key role in Western response to resurgent China

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…

2 years ago
Poland to supply Ukraine with fighter jetsPoland to supply Ukraine with fighter jets

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…

2 years ago
Poland oks Turow mine’s permit till 2044Poland oks Turow mine’s permit till 2044

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…

2 years ago
Pavel not hopeful on Ukraine victory this yearPavel not hopeful on Ukraine victory this year

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)…

2 years ago
Pavel calls for unity after landslide in Czech presidential electionsPavel calls for unity after landslide in Czech presidential elections

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…

2 years ago
CEE plans thousands of miles of high-speed railCEE plans thousands of miles of high-speed rail

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 years ago
Ex-NATO official edges Babis to move into pole position for Czech presidencyEx-NATO official edges Babis to move into pole position for Czech presidency

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…

2 years ago
Gazprom failed to make January payment for Czech gas transit, minister confirmsGazprom failed to make January payment for Czech gas transit, minister confirms

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…

2 years ago

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…

2 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago