Jozef Sikela News

14.08 / 05:01

UPS Manufacturing Volkswagen economy War country The sleepy Czech town helping Europe compete in the global chip war

Roznov pod Radhostem was best known for its rum-drizzled sweet pies and an open-air museum showing off historical wooden houses. Then came an announcement that stirred the sleepy backwater. US chipmaker ON Semiconductor Corp. picked Roznov for a new $2 billion manufacturing hub in June. The past few weeks have seen a flurry of visits by property developers, the head of a local university and government officials followed around by television crews. The interest isn’t surprising given the investment will be the biggest by a foreign company in the Czech Republic for three decades. But it also reflects how there’s more riding on the plan to make a new generation of microchips than the prospects of a corner of central Europe.

23.08 / 15:15

Provident Gap show country recovery Czechs to seek lower loan from EU recovery fund

PRAGUE (Reuters) — The Czech government will scale back a planned loan from the European Union's post-COVID recovery fund to 19.4 billion crowns (805.75 million euros), from the initially planned 137 billion crowns, Industry Minister Jozef Sikela said on Wednesday.

19.12 / 21:23

European Union Deal 'Deal': EU green lights first-ever cap for gas prices in bid to tackle energy crisis

After months of political bickering that has seen a dizzying succession of draft proposals, joint letters, emergency meetings and increasingly exasperated statements, the European Union on Monday approved the first-ever cap on gas prices.

25.08 / 12:31

Drought Europe's energy crisis: European nations scramble to help households with soaring bills

European governments are scrambling to find ways to shield households and businesses feeling the impact of the surge in energy prices that have soared to record highs.

26.07 / 13:41

Deal Energy ministers reach deal on EU-wide gas reduction plan

Energy ministers from EU countries have reached a deal on an unprecedented energy plan that will introduce a voluntary 15% reduction in gas consumption across the bloc from now until next spring.

26.07 / 12:57

Wildfires Russia to make drastic cuts to EU gas supply via Nord Stream pipeline

Russian energy giant Gazprom would further reduce natural gas flows through the Nord Stream pipeline to 20% of capacity, citing equipment repairs. The move ramps up concerns that Russia may cut off gas as political leverage over the war in Ukraine, just as Europe tries to shore up storage for winter.

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