Daily summary of the Czech economy: Česká spořitelna, Excalibur Army, Aselsan, Škoda Auto, Gemini and Coinbase (6 February 2026)

Overview of the latest economic events in the Czech Republic

The Czech economy entered the second half of the week under the sign of continued monetary stability. Banking Council of the Czech National Bank left the base interest rate at 3.5 percent, where it has been since May last year. Decision CNB confirms the cautious approach of the central bank, which continues to assess the risks associated with wage developments, energy prices and external demand despite gradually weakening inflation. Stable rates are reflected in relatively calm credit market developments, especially in mortgages and corporate loans, where banks such as Czech Savings Bank or Commercial Bank reports moderate growth in new lending volumes in the order of one per cent. At the same time, investors' attention is focused on the defence and engineering industry, which has become one of the main drivers of Czech exports in recent months.

Foreign investment

A significant event in the field of foreign orders is the contract of the company Excalibur Army from the group CSG of entrepreneur Michal Strnad. The company has won an order for more than 100 Patriot armoured vehicles in Southeast Asia worth more than 6 billion crowns, with deliveries to take place over a three-year period. At the same time, a strategic agreement was announced between Excalibur International and the Turkish company Aselsan, which is one of the leaders in defence electronics. The two companies are planning to establish a joint venture based in the European Union and launch the Korkut air defence system integrated on the Tatra Force 6×6 platform, representing an investment in the order of hundreds of millions of crowns. Capital continues to flow into the Czech economy through subcontracting for the automotive industry Skoda Auto, which extended contracts with the German concern Volkswagen, and also through the company's technological investments Siemens, which announced the expansion of its development centre in Prague with a budget of around 1.2 billion crowns. The financial sector also remains active, where Erste Group Bank increased investment in digitalisation of services in Central Europe by approximately 300 million euros.

Significant events outside the Czech Republic with global impact

At the global level, technology and financial markets dominate. American companies Google (Alphabet) reported 15 percent year-over-year revenue growth and 30 percent profit growth in the fourth quarter, with advertising revenue, YouTube, cloud services and the development of artificial intelligence playing key roles Gemini. These results also have implications for European technology companies connected to the Google ecosystem, including Czech software vendors. At the opposite pole is the cryptocurrency market, which has seen a number of 467 billion dollars, so roughly 9.6 trillion crowns. The biggest drop was recorded by bitcoin, which has influenced the investment strategies of companies such as Coinbase, Binance or MicroStrategy and triggered increased caution among institutional investors, including banks JP Morgan a Goldman Sachs. Developments in the crypto market also increase pressure on regulators in the US and the European Union and may indirectly affect the Czech financial sector.

gnews.cz - GH

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