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Czech Republic News and Economic Updates

European Commission clears Czechia final €951 million recovery payment

Oleksii Zaichenko
18 hours ago

European Commission clears Czechia final €951 million recovery payment

Czechia moves closer to receiving its seventh and final payment under the EU Recovery and Resilience Facility after the European Commission backed a €951 million disbursement. The tranche covers ...

#EU Sanctions #Europe #Reforms #Public Services

Husqvarna shifts mower production as Chinese rivals pressure robotic lawncare margins

Dmytro Kharkov
21.10.2026

Husqvarna shifts mower production as Chinese rivals pressure robotic lawncare margins

Husqvarna is adjusting its manufacturing footprint and pricing strategy as weaker European demand and lower-cost competitors weigh on its robotic lawnmower business. The Swedish group is moving ...

#Company News #Business #Supply Chain

CSG buys MDA Space stake in Canada expansion into space sector

Darina Pashchenko
13.10.2026

CSG buys MDA Space stake in Canada expansion into space sector

Czech arms maker CSG is moving into the space industry with a minority investment in Canada's MDA Space. The 9.5% holding makes CSG the satellite and space technology company's largest shareholder ...

#Canada #Supply Chain

European Commission probes XXXLutz-Porta deal over competition risks

Oksana Koneva
12.10.2026

European Commission probes XXXLutz-Porta deal over competition risks

EU regulators are escalating scrutiny of consolidation in the European furniture retail sector as they examine XXXLutz's planned acquisition of German rival Porta. The investigation focuses on ...

#EU Sanctions #Europe #Bank of Japan #Germany

Six EU countries seek more free carbon permits for heavy industry

Ashutosh Sureka
27.05.2026

Six EU countries seek more free carbon permits for heavy industry

Amid elevated energy prices and pressure on energy-intensive manufacturers, six EU member states are pushing for changes to the bloc’s carbon market rules. The group says heavy industry in ...

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