Overview of the latest economic events in the Czech Republic
Volume of stock trades on Prague Stock Exchange for the day amounted to approximately CZK 0.562 billion, below the annual average of CZK 0.617 billion.
The banking sector continues to perform well: net profits of banks and savings banks in the Czech Republic rose by CZK 7.4 billion year-on-year to CZK 67.38 billion in the first half of 2025. The balance sheet total of banks at the end of June was CZK 11.31 trillion, up CZK 688 billion year-on-year. The main drivers of the growth are, according to Czech National Bank lending activity and higher net interest income.
Commercial Bank achieved a profit of CZK 8.9 billion in the first half of the year, which meant a year-on-year increase of 37.5 %. Raiffeisenbank reported the highest percentage growth in the same period, when its net profit increased by 87 % to CZK 5.69 billion. Czech Savings Bank increased its net profit by 3.3 % year-on-year to CZK 12.8 billion. CSOB reported a growth in net profit by about 1 % to CZK 9.6 billion. Moneta Money Bank improved year-on-year by 14.4 % to CZK 3.1 billion. UniCredit Bank Czech Republic and Slovakia achieved a net profit of approximately CZK 5.8 billion, representing a year-on-year increase of 5.5 %.
Foreign investment
Fund Aurelia from the group Axelor made its first major acquisition in the Czech Republic when it bought the River Garden II and III office complex in Prague's Karlín district from an American investment group for a price exceeding CZK 2 billion. The 27,300 sqm complex has been steadily occupied and tenants include companies such as Philips, STRV, ePojisteni.cz, NCR or Gym Beam. The funding was contributed by UniCredit Bank a Czech Savings Bank.
Pharmaceutical company Pfizer announced the acquisition of a biotechnology company Metseraspecialising in the development of anti-obesity drugs. The initial payment is USD 4.9 billion, with an option to increase up to USD 7.3 billion upon achievement of specified performance milestones. Lottery and Gaming Group Allwyn International AG, which has roots in the Czech Republic, announced its entry into the US market through the acquisition of a majority stake of approximately 62.3 % in the company PrizePicks. The value of the initial cash payment is USD 1.6 billion, while the total value of the transaction could reach up to USD 4.15 billion.
Significant events outside the Czech Republic with global impact
A new international study warns that despite governments' commitments to switch to renewable energy, plans are underway to further increase coal, oil and gas extraction. The transition of the world economy to clean energy thus appears to be more of a long-term goal than a reality. These developments may also affect the Czech economy, especially in terms of energy prices, export linkages and pressure on domestic energy policy.
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