The Czech and Slovak insurance portfolios of YOUPLUS are set to be acquired by Hungarian insurance group CIG Pannónia. The purchase agreement has been signed, and the transaction is expected to be completed by the end of the year. The government has approved an increase in pensions for people already in retirement. The Prague Stock Exchange rose today, led by shares of Doosan Škoda Power. The Ministry of Labour and Social Affairs published a study on long-term social care in the Czech Republic. A survey shows that four in ten Czechs are worried about losing their jobs.
Hungarian insurance group CIG Pannónia has signed an agreement to acquire the Czech and Slovak operations of insurer YOUPLUS. YOUPLUS stopped selling new policies in October 2025 after its capital adequacy ratio fell below an internally defined threshold. The planned completion date of the transaction and the transfer of the insurance portfolios is December 31, 2026, with business activities expected to resume in January 2027. The transaction remains subject to approval by the relevant regulatory authorities. Since the beginning of 2026, CIG Pannónia has been gradually taking over insurance portfolios from other insurers operating in Central Europe.
The Prague Stock Exchange rose today. Shares of Pilsen-based engineering company Doosan Škoda Power recorded the strongest gains, rising by more than four percent to CZK 485. Shares of defence company CSG and several other listed companies also closed higher.
The government has approved an increase in pensions for people already in retirement. The exact amount of the increase will depend on inflation and real wage growth in accordance with the current pension indexation formula.
The Ministry of Labour and Social Affairs, together with the Association of Social Service Providers and Deloitte, presented a study on long-term social care in the Czech Republic. The document examines capacity, funding and the demographic challenges facing the sector in the context of an ageing population. The study confirms the direction being pursued by the ministry in its reform of social services.
Four in ten Czechs are concerned about unemployment, according to a recent survey. Although the unemployment rate remains relatively low at around 4.8 percent, uncertainty in the labour market is growing, particularly in industrial sectors exposed to competition from Asia and to the transformation associated with the electrification of manufacturing. Komerční banka plans to publish its results for the first half of 2026 on July 30.
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