Daily summary of the Czech economy: Hyundai Motor, Škoda Auto, ČEZ and PPF Group (July 04, 2025) 

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Overview of the latest economic events in the Czech Republic

The Czech koruna strengthened to CZK 24.63 against the euro on Thursday, its strongest level since June last year. Against the US dollar, the exchange rate was little changed at CZK 20.94/USD, the strongest level in four years. The Prague Stock Exchange continued to rise for the second consecutive day, with the PX index recording a slight increase. Shares of CEZ and Komerční banka were among the growth drivers.

Automotive Hyundai Motor Manufacturing Czech (HMMC) in Nosovice announced an increase in net profit by 26.6 % to CZK 13.87 billion for 2024. The company's revenue increased by 12.7 % to CZK 188.99bn.  

Foreign investments, business transactions and acquisitions

Company Skoda Auto announced an investment of CZK 1.2 billion to modernise its the plant in Kvasinyaimed at the production of new electric models.

Energy Group CEZ has entered into an agreement to purchase a 49% stake in a German wind farm Windkraft Nord for CZK 3.5 billion, strengthening its position in the renewable energy sector.

Company PPF Group sold its 30% stake in a telecommunications company CETIN for €2.1 billion to an investment fund GIC from Singapore. 

Banking Group Moneta Money Bank announced the acquisition of 100%'s stake in Wüstenrot Mortgage Bank for CZK 4.5 billion, thus expanding its presence in the mortgage market. 

Energy company E.ON has entered into an agreement to acquire a 25% stake in a Czech company Nano Energiesspecialising in power grid flexibility, for an undisclosed sum. 

Technology company Avast announced a merger with NortonLifeLock, creating a global leader in cybersecurity. The value of the transaction is estimated at $8 billion. 

Agrofert Group bought a German chemical company Chemische Fabrik Budenheim for €1.8 billion, expanding its portfolio in the chemicals industry. 

Financial Group J&T Finance Group acquired a majority stake in a Slovak bank Postal Bank for EUR 200 million, thus strengthening its position in the Slovak banking market. This transaction is part of J&T's broader expansion strategy in the Central European market. 

Significant events outside the Czech Republic with global impact

Study by a consultancy company AlixPartners forecasts that by 2030, Chinese automakers will dominate 33 % of the global auto market, up from the 21 % share they currently hold. Growth will be supported by aggressive expansion into foreign markets and competitive pricing. 

The US economy created 147,000 new jobs in June, beating analysts' expectations. The unemployment rate fell to 4.1 % from 4.2 % in May. The largest increases in employment were recorded in government and health care. 

Current exchange rates according to the CNB and Google Rates

Source of precious metals and bitcoin charts: tradingeconomics.com

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