Overview of the latest economic events in the Czech Republic

Reuters reports that the Czechs are continuing preparations for construction small modular reactors (SMR)as CEZ and Rolls-Royce SMR are fine-tuning a strategic partnership for the implementation of the Temelin project with the aim of building up to šest SMR modulů.

Mezitím český Antimonopoly Office (ÚOHS) zahájil formální suspected cartel investigations among key energy suppliers - ČEZ, EPH and Veolia Energie - in the public auction of state subsidies for heat and electricity production. This is due to complaints about the coordination of bids in the tender for the support of green resources.

On the defence front, Reuters confirms that the Czech Republic continues to supply of artillery shells to Ukraine: this year, it's been about 850 000 kusů (of which approx. 320,000 are 155 mm calibre), which demonstrates the confidence of international partners in the Czech intermediary.

Significant global events with an impact on the Czech Republic

  • Francie - EDF is pulling out of some foreign projects and cancelling bids for reactor contracts outside Europe, according to Reuters. EDF will give priority to domestic French projects, opening up space for competitors such as Rolls-Royce and KHNP).
  • Polsko - PKN Orlen ukončil dovoz ruské ropyheaded by the Litvínov refinery, which completely eliminated the last source of Russian oil for the Czech Republic. This is another milestone in the energy strategy of the Czech Republic and the region.

gnews.cz - GH

Current exchange rates according to the CNB and Google Rates

CurrencyCzech National Bank exchange rate (CZK)Google Rate (CZK)
EUR24,61624,6231
USD20,98821,0615
PLN5,803-
HUF0,061490,0615
GBP29,00528,3916
CHF26,38126,3956
CNY2,9982,9348
JPY0,148790,1427
RUB-0,2663

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