Articles for author: William Malcolm

Sustainable Investing: The Future of Business and Finance Transforming Global Markets

Sustainable investing is rapidly becoming a cornerstone in the financial sector. This approach not only combats environmental challenges but also offers promising investment opportunities. Companies integrating environmental, social, and governance (ESG) criteria are proving to be better stock market picks, attracting billions in capital. Investment funds incorporating ESG considerations have seen exponential growth. With over ...

Czech National Bank

CNB lowers interest rate to 4.75%

The Banking Council of the Czech National Bank (ČNB) today reduced the base interest rate by half a percentage point to 4.75 percent. Jakub Holas, director of the CNB’s communications department, informed about it. The rate reached its lowest level since the beginning of April 2022. The CNB’s decision slightly surprised the financial market, analysts agreed. Before ...

CEZ ESCO Acquires Capexus

ČEZ ESCO from the ČEZ energy group has acquired Capexus, which deals with the design and reconstruction of office space. This follows from a notice published on the website of the Office for the Protection of Competition (ÚOHS), which assesses the transaction. “The proposed merger of competitors is taking place mainly in the area of ​​implementation ...

Czech Consumer Confidence Index Falls In November

Confidence in the Czech economy fell by 0.1 point month-on-month to 95.2 in November. It has been declining for five months in a row. The decline is mainly due to a drop in consumer confidence, while entrepreneurs’ outlook for the economy has improved. This follows from the results of a survey published today by the Czech Statistical Office (CSO). Compared to ...

IMF Downgrades Economic Forecast For Czech Republic

The Czech economy will grow by 2.6 percent this year and growth will accelerate to 3.5 percent next year. This follows from the conclusions of the regular mission of the International Monetary Fund (IMF) in the Czech Republic. In October, the fund expected growth of 3.8 percent this year in the case of the Czech economy and 4.5 percent ...

Pocerady Power Plant

E.ON To Invest 27 Billion Euros By 2026 Into Europe’s Energy Transition

The German energy group E.ON will invest around 27 billion euros (more than 687 billion CZK) by 2026 to prepare distribution networks and customers for the transition to renewable energy sources. The company also set goals in terms of profit generation and a dividend payment plan. E.ON has thus joined its rivals, who have either already outlined similar plans ...