Czech Republic Financial News

02.03 / 12:31

Russia’s largest lender Sberbank pulls back from European markets

Russia's Sberbank is withdrawing from the European market after several of its banking subsidiaries risked collapse as depositors rushed to withdraw their money in response to sanctions levelled against Russia's largest bank.

22.02 / 12:33

Europe economics Coronavirus recovery Supply Disruptions Add to Inflation, Undermine Recovery in Europe

Kristalina Georgieva is Managing Director of the International Monetary Fund (IMF), Oya Celasun is Assistant Director in the European Department and leads the surveillance of the German economy, and Alfred Kammer is the Director of the European Department at the IMF.

11.02 / 20:35

business Technology Bitcoin The world's first and oldest Bitcoin mining pool has mined nearly 1.3 million BTC since inception

All things have their humble beginnings; in 2010, the first Bitcoin (BTC) mining project was created in Prague, Czechia, and was simply called Bitcoin.cz. Soon afterward, founder Mark "Slush" Palatinus decided to move on to other ventures, such as creating the world's first cryptocurrency hard wallet, Trezor. As a result, Braiins, a company doing embedded Linux development and research, took over the mining pool and renamed it accordingly.

10.02 / 23:51

Government Blockchain economics Bitcoin 'One currency change every generation,' how monetary skepticism spearheaded cryptocurrency adoption in Czechia

Czechia, a country of 10.7 million people in Central Europe, is known for its beautiful capital (Prague), rich history, and good beer. Within the last decade, however, one can now add cryptocurrency adoption to that list. In fact, the Trezor wallet, the first cryptocurrency hardware wallet in the world, was invented here in 2014, and is still going strong. Its parent company, SatoshiLabs, has expanded into creating secure chips for electronic hardware via Tropic Square and advancing cryptocurrency education via Invity.

10.02 / 00:49

business Blockchain Technology Adoption The team behind the world's first hardware wallet says it's still thriving after 8 years

Like all things, Trezor, a household name in the crypto community with over 1 million units sold, came from humble beginnings. The idea all started out in 2011 after a Bitcoin (BTC) conference in Prague, Czechia — which, by the way, was just voted the most beautiful city in the world in a Time Out magazine survey. Two crypto enthusiasts, Pavol "Stick" Rusnák and Marek "Slush" Palatinus, envisioned a small, single-purpose computer that would securely store users' Bitcoin private keys.

09.02 / 19:41

cryptocurrency Sport Winter Olympics Bitcoin Darya Dolidovich: Belarusian skier flees to Poland after Winter Olympics ban

A cross-country skier has fled Belarus for Poland after being banned from competing at the Winter Olympics due to their political views.

09.02 / 19:41

cryptocurrency Sport Football Bitcoin reserves Germany's gas reserves are at 'worrying' levels, admits government

Germany's gas reserves have fallen to "worrying" levels, the government admitted on Wednesday, amid tensions with Russia and a delay over approval of the new Nord Stream 2 pipeline.

09.02 / 19:41

cryptocurrency Sport Bitcoin foreign Ukraine crisis: Hungary won't accept more NATO troops on its soil, says foreign minister Szijjártó

Hungary will not accept further NATO troops on its soil as part of manoeuvres over the Ukraine crisis, its foreign minister has told Euronews.

09.02 / 16:05

Technology cryptocurrency Football Freedom Convoy Is a Canada-style 'Freedom Convoy' protest set to descend on Paris?

French people opposed to the country’s vaccine pass system are planning to drive to Paris en masse in protests inspired by the so-called Freedom Convoy in Canada, according to organisers on social media.

09.02 / 16:05

Technology Trade Bitcoin News isolate end Law requiring people with COVID to isolate could be scrapped in England by the end of February

A law requiring people with COVID to isolate could be scrapped in England by the end of February, Boris Johnson has announced.

09.02 / 15:13

Report Costs Brexit causing 'higher costs, red tape, delays' and more disruption likely, says UK report

The "only detectable impact" of Brexit on British businesses so far is "increased costs, paperwork and border delays", says the chair of a prominent parliamentary committee.

09.02 / 12:03

Technology World Health Organization Equality end COVID equality: WHO calls on rich countries to pay €14 billion urgently to end global pandemic

The World Health Organization (WHO) on Wednesday urged rich countries to urgently provide the $16 billion (€14 billion) that is still missing to finance its plan to fight the COVID-19 pandemic.

09.02 / 12:03

Technology Survey NATO Ukraine crisis: Majorities across EU 'think Russia will invade Ukraine' this year, reveals survey

A majority of people across the European Union think Russia will invade Ukraine this year — and believe the EU and NATO should come to Kyiv's aid in the event of Russian aggression, according to a new pan-European survey.

08.02 / 23:47

Technology Kyiv Lesbos: Greek police detain at least five protesters after arson at planned migrant camp

Police have detained at least five people on the Greek island of Lesbos after violence broke out during a protest against plans to build a new migrant camp, authorities said on Tuesday.

08.02 / 19:49

Technology European Court of Justice Brussels to withhold EU funds from Poland to cover unpaid fines

Brussels says it will start withholding EU payments to Poland over its failure to pay daily fines imposed by the bloc's top court last year.

03.02 / 17:17

CLIMATE CRISIS Deal Czech Republic and Poland sign deal over controversial coal mine

Warsaw and Prague on Thursday signed a deal on a controversial Polish coal mine near the Czech border.

02.02 / 17:01

European Union MPs Support Ukraine crisis: MPs hold up flags to thank countries for their support

Ukrainian MPs held up flags in parliament to thank the countries they feel have shown support to Kyiv amid warnings of a Russian invasion.

14.01 / 09:21

European Union New Czech governing coalition wins confidence vote

The Czech Republic's new conservative-led government won a vote of confidence in the lower house of parliament on Thursday in a mandatory ballot that every administration must win to govern.

11.01 / 10:17

VISA Death open Australian Novak Djokovic's Australian Open bid in balance amid questions over visa application

There are new questions over Novak Djokovic’s application to enter Australia after court documents appeared to suggest the tennis star did not give correct information about his movements before travelling to the country.

01.01 / 22:27

European Union France sets out an ambitious programme for its presidency of the European Union

France took over the six-month rotating presidency of the European Union on Saturday with an ambitious programme for a "powerful" and "sovereign" Europe, but this is likely to be disrupted by the new outbreak of COVID-19 and the April presidential elections.

18.12 / 20:15

French Cup match between Paris FC and Lyon suspended after fan violence

Football violence has broken out for the second time this season in France.