Overview of the latest economic events in the Czech Republic
The Prague Stock Exchange declined; the PX index weakened by 1.45 % to 2444.90 points, with banking titles being the main drivers of the decline Erste Bank a Commercial Bank. Market activity was high, with a total trading volume of approximately CZK 900 million, reflecting increased investor nervousness. Among other titles, shares also weakened CEZ a VIG, as investors reacted to the broader European depreciation of risk assets.
Foreign investment
Company Amundi announced the purchase of a 4.64% stake in ICG as part of a strategic partnership, representing a significant institutional entry into the European investment sector. Airbus (Satair) announced the acquisition of Unical Aviation, strengthening its position in the aviation service and spare parts supply business.
Energy company Plenitude (Eni Group) has signed an agreement to acquire a portfolio of renewable assets from Neoen with a capacity of approximately 760 MW, which may affect regional energy markets. Shipping company Okeanis Eco Tankers announced new tanker acquisitions and started bookbuilding of a new emissions programme, impacting liquidity in the shipping sector.
Furthermore, the Finnish e-commerce company Verkkokauppa.com implemented a buyback of its own shares (transaction of 18 November), which shows active capital management within European retail companies. Japanese industrial group Yanmar completed the acquisition of Almere City FC, an example of capital diversification outside traditional industries.
Significant events outside the Czech Republic with global impact
Global trade policy in the last two days has shown a further inclination towards protectionist measures and selective targeting of imports, with direct implications for European supply chains and commodity prices. The European Commission has introduced definitive safeguard measures (tariff quotas) on selected ferroalloy products in order to limit cheap imports and protect European producers; these measures may increase costs for the EU steel sector and thus for Czech industrial enterprises.
At the same time, signals from the diplomatic negotiations during the November G20 show tensions in international trade cooperation. One specific corporate response is the decision by a South Korean company Celltrion invest in expanding production capacity in the US due to uncertainty in the global customs environment.
Oil prices are around USD 64.7-64.8 per barrel for Brent and around USD 60.6 per barrel for WTI. Rising US inventories are putting downward pressure on prices, but geopolitical supply constraints and risks associated with sanctions against Russian producers are dampening any significant decline.
gnews.cz - GH
Current exchange rates according to the CNB and Google Rates
| Currency | Czech National Bank exchange rate (CZK) | Google Rate (CZK) |
|---|---|---|
| EUR | 24.24 | 24.2636 |
| USD | 20.664 | 20.6698 |
| PLN | 5.738 | 5.7474 |
| HUF | 0.06304 | 0.063 |
| GBP | 27.648 | 27.657 |
| CHF | 25.975 | 25.9754 |
| CNY | 2.929 | 2.9299 |
| JPY | 0.13247 | 0.1325 |
| RUB | N/A | 0.2594 |




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