The Prague Stock Exchange weakened on Tuesday, with the PX index falling by 0.48 percent after the release of ČEZ's half-year results. Electricity consumption in the Czech Republic increased by 2.8 percent in the first half of this year, and the Czech Republic remains a net exporter of electricity. The European Commission has disbursed 897 million euros to the Czech Republic as part of the sixth payment from the Recovery and Resilience Facility. ČEZ increased its electricity production by one percent to 26.1 terawatt-hours in the first half of the year. The new government agency, CzechBusiness, will also be responsible for implementing the startup law into practice.
The Prague Stock Exchange weakened on Tuesday. The PX index fell by 0.48 percent to 2,762.57 points. The decline was mainly due to shares of the energy company ČEZ, which weakened after the release of the company's financial results today. This is according to data on the stock exchange website.
Energy consumption in the Czech Republic is increasing this year. In the first half of the year, Czechs increased their electricity consumption by 2.8 percent and gas consumption by 3.3 percent compared to last year. At the same time, electricity production also increased. The Czech Republic remains a net exporter of electricity, with exports exceeding imports by 3.8 terawatt-hours. Gas transit through Czech territory has also increased significantly. This is according to a report from the Energy Regulatory Office.
The European Commission announced today that it has disbursed 897 million euros, or 21.8 billion crowns, to the Czech Republic as part of the sixth payment from the Recovery and Resilience Facility. The Czech Republic has now used a total of 88 percent of its national share of 8.67 billion euros. The use of funds is linked to achieving the goals and commitments outlined in the National Recovery Plan.
ČEZ increased its electricity production year-on-year by one percent to 26.1 terawatt-hours in the first half of this year, mainly due to a strong second quarter, when production at conventional power plants increased due to market conditions. This was reported by Czech Radio, citing the group's half-year results.
The new government agency, CzechBusiness, will be responsible for harmonizing support for companies in export and investment, as well as implementing the new startup law into practice. The agency was created through the merger of CzechTrade and CzechInvest and has been operating as a single point of contact for Czech companies and foreign investors since August 1st.