Economic confidence in the euro area declined further in October, close to a five year low. The economic confidence in the euro area dropped for the second straight month. Reaching its lowest level since January 2015. Pessimism is spreading from manufacturing to the service sector, and to consumers. A bad sign for the […]
Ten percent retaliatory US tariffs on European aircraft and 25 percent European agricultural and industrial goods should enter into force today. The measure, in response to the illegal subsidization of the European aircraft manufacturer Airbus, has been approved by the United States. It will include products imported into the US with a total annual value […]
The unemployment rate in the Euro Area dropped to 7.4% in August the lowest since mid-2008. According to seasonally adjusted data published by Eurostat. Throughout the European Union, the number of unemployed people have also declined, with a share of 6.2%. The Czech Republic has the lowest unemployment rate in the EU at two percent. […]
The European Union’s financial stability watchdog sounded an alarm bell on the state of the housing market in eleven countries including the Netherlands, France and Germany on Monday, citing household debt as one area of concern. The European Systemic Risk Board (ESRB) urged the governments of Belgium, Denmark, Luxembourg, the Netherlands, Finland and Sweden […]
Daniel Křetínský will not sign a deal to grant editorial independence to journalists at the French newspaper Le Monde. The Financial Times reported today, citing sources close to Křetínský. Křetínský disagrees with the terms of the proposed agreement, which he sees as “unreasonable from an economic point of view” and he is unlikely to […]
Romania’s state-owned energy company Hidroelectrica said it is interested in bidding on all of the Romanian assets of CEZ and Enel. Hidroelectrica’s announcement comes shortly after CEZ set a deadline of 25 September for bidders to express their interest in their Romanian holdings on 9 September. The companies head, Bogdan Badea told reporters […]
Journalists and editors at Le Monde signed and open letter demanding the Czech billionaire Daniel Kretinsky guarantee editorial independence for the French newspaper. The following is and excerpt from the open letter to Daniel Kretinsky. Le Monde is at a crossroads. For the first time in its history, it could be forced to […]
The Czech government on Monday approved the nomination of Věra Jourová to serve a second term as a European Commissioner. Jourová has served as European Commissioner for Justice, Consumers and Gender Equality as a part of the Juncker Commission since October 2014. Prime Minister Andrej Babiš is hoping that she can secure an […]
After a slight dip in the first half of the year, auto production has begun ramping up. From January to July, output grew 1.4% to 834,247 passenger cars and light commercial vehicles. Skoda Auto produced 512,042 vehicles, an increase of 1.7%, while Kolín TPCA increased production by 4.5% to 134,455 vehicles. Hyundai Nošovice is down […]